Love the new summary feature, however, I tend to organise my money to the nth degree with pots each month, typically putting all of my wages after rent and bills into pots and leaving very little in my active balance. Currently, my process on payday is as follows (though I’d automate parts of this if I were consistently paid on the same day monthly…)
- Transfer rent and bills out
- Place 50% of remainder in a savings pot
- Divide what’s left by the days until next payday
- Put seven days into a “weekly budget” pot
- Put the rest into a “monthly budget” pot
Each week, whatever is leftover is fair game to spend on non-essentials. As I want to make purchases, I just transfer that amount into my main balance, or cover it with my overdraft and then settle up straight away.
If this sounds like a ridiculous use case, that’s because it probably is, but I’ve never been good with money and this is the best way I’ve found to keep tabs on my spending and start seriously saving. I don’t plan on changing this habit any time soon, so it would be really cool if there were an option for the summary tab to also take the finances in my monthly and weekly budget pots into account. Currently because I keep my active balance deliberately low I pretty much always see a warning.