How to budget with Monzo

Ah I see! So no, your spending budgets don’t need to take account of Direct Debits and other recurring payments that are classified as committed spending.

You’ll see the category appear twice in your Summary tab, once under ‘Spending’ with all the variable ad hoc stuff you spent on through the month, and once under ‘Committed spending’ with all the repeating payments.

So when you go to set your budgets for each category, you don’t need to factor in the DDs you already have lined up i.e. I might have my £130 travelcard under committed spending, but set myself a £50 spending budget for the ‘transport’ category to reign in my spending on Ubers, for example!

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