Nested Pots

[bencordy]

Has the idea of nested pots been considered before?

To give a example of where it would be useful - currently I have a pot which I use to save towards car costs. If nested pots were a thing I could have individual pots for tax, insurance, servicing all neatly held within a parent pot called car.

I figure it would really help with budgeting but also keep monzo clear of clutter.

[gmclean]

Ohh I like this.

I wonder if the upcoming changes to re-order and hide pots has considered this? Or perhaps negates this a little?

But I agree, and your car example is perfect!

[BritishLibrary]

I would love this - as you say it would make budgeting super easy.

That’s exactly how I’d like to manage my budget - one super pot for “Travel” and I could have a pot for Holiday, Commute travel, Fuel, etc.

Then, the next powerful thing would be in each transaction having a “take money from (pot)” button.

[projectfortytwo (Chris)]

Yes, love this idea. Ideal for car stuff as you say. I also have a “memberships” pot where I save for a number of things which are payable annually but at different times of the year. Don’t want to have individual pots cluttering up my feed but this idea would work a treat for that kind of thing.

Welcome to the community by the way!

[davidwalton (Award Winning Hot Coral Analyst)]

A similar idea, but based on waterfalling pots - once one fills up, it spills into the lower one(s), etc.
Not strictly nested pots - but something that could be introduced if nested pots was an available feature;

Pot Waterfalls for savings priorities

I would love to able to set aside a certain amount of money so that it fills up one Pot until it hits the target amount, then fills the next, and the next. Maybe through sub-Pots or something like that? Then if I use the money in the first Pot, it goes back to filling it again until it hits the limit. Example: I schedule £50 a month into my Waterfall Pot. Within that I have 3 goals: new phone, birthday money, and bike repairs New phone has a goal of £200, birthday money £250 and bike repairs £…

[BritishLibrary]

That would be a really good concept too.

So much you could do with the idea of Pots!

[M1cky (Micky)]

It sounds more like you are referring to a group of pots and you name that group and see a summary of child pots.

[Feathers (MikeF)]

I thought the idea had come up before but it feels like a long time ago.

Edit: This was what I remembered, I think. A slightly narrower description but the same idea.

Pots within a Pot (Savings or Normal) / nested pots

So I just had this idea where I think it would be quite nice to have pots within a savings pot. My thinking for this is that I have many long-term saving pots that all add up to over £1k but many are under individually. So these individual ones are not earning me interest. I could combine them but then that’s not such a convenient way of saving. Maybe having pots grouped by type and when you click into your savings pots that expands into multiple saving pots?

I’m tempted to close this one now and so concentrate the voting in a single place.