✅ Bills pot that you can assign direct debits to

[awjdean]

@Jpjapers

I find myself needing another account with another bank to segregate my money to spending and bills.
I could switch fully to monzo if i could set aside a chunk of money into a pot that i could then assign direct debits to so they come out of a specific pot.

This should then mean that any direct debits (or potentially transactions from individual vendors) would come out of whichever pot theyre assigned to. You could have pots for bills and rent, one for online shopping or food shopping etc. This would not only help me to stick to my targets, but it would do this with far more ease and common sense and less effort than any of the monzo budgeting features because it takes all thought away from having to manage my recurring payments. As long as the money goes in on payday, i dont have to think about my bills for the rest of the month whatever date the are scheduled. I have peace of mind knowing theres enough in that pot to cover my commitments.

This feature has been suggested previously. You can vote for it here:

Bill Pots (previously Committed Spending Pot)

Just a thought from me here: Now that committed spending has been (mostly) worked out, how about if we could have a pot named Committed Spending, which would work as follows: Every payday, the exact amount you need for your committed spending (plus maybe a specified-by-you “buffer” amount in case your DDs go up in a given month/pay period) is automatically placed into this pot Then the committed spending DDs and standing orders come out of this pot This way, your committed spending money is …

NB: At the time of writing, Committed Spend pots are the most voted for feature on the Monzo community.

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@Jpjapers

Also being able to switch between these pots for card spending would be fantastic.
If im going on a night out i can tell the app that all of my spending for the next 12 hours should come from my socialising pot.

This feature has also been suggested previously. You can vote for it here:

Debit card pot to pay from / spend from pots / pay from pot (Monzo Plus Virtual Card)

Was thinking about my up and coming holiday, currently I am saving to a pot for my spending money with the intension of then moving the money into my main account for spending when on holiday, suddenly I had a thought, wouldn’t it be great if all the pots had a checkbox that if selected would be where any debit card payments could come from, this would allow me to simply click my holiday pot and bang, I’m using that pot without having to move money, keeping everything simply, allowing me to stay…