I’ve been with monzo for just over 3 months and I am loving it so far. Only a few minor niggles but these aren’t a problem as I can still do more than with other current accounts I’ve had!
I’m looking to apply for a mortgage (only in the next 2 - 2 1/2 years) but I want to sort my finances properly now!
If I do go full monzo. Do your direct debits and standing orders automatically go into committed spending and are therefore not included in your “left to spend” or do you have to do all of this manually! Some of my direct debits only go out 2 weeks after payday so I don’t want to spend the money by accident!
That’s why I keep my other account at the moment, all my direct debits come out of there and all my money that isn’t spoken for goes in to monzo!
I was just thinking if I apply for a mortgage still doing what I am currently, it could be hard for the bank to look at my spending and money properly when it’s between 2 accounts