I have another question @antkennedy ![]()
How do I view or edit how much I’m depositing per month? It seems I can only amend the savings goal amount?
I have another question @antkennedy ![]()
How do I view or edit how much I’m depositing per month? It seems I can only amend the savings goal amount?
I don’t think most people have savings for emergencies and the likes. From reading on here over the years, it seems that people rely on overdrafts or loans for this.
I’d love this feature to do a “sweep” too.
I’ve been trying to create this myself. My bills are £yy and I put in £xx into the bills pot. At the end of the month, if what’s left over £zz is moved to the safety net that’s gaining interest, that would be great.
That’s entirely possible - different people will do things differently.
I think it’s a cool idea, but still curious as to why think this way. I’m guessing that the team had some insight or thought that drove this direction.
I really hope this is how it works. If so this is a great feature ![]()
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Hey @Ordog this lives in the manage tab of the Pot, there should be a row with the title Scheduled payments If you tap that you are able to create and remove scheduled payments into the safety net.
Hey @JMH, yes for now we won’t stop your scheduled deposits when you hit your goal.
Thank you @antkennedy. The above from @robsug is what I see.
When I tap this it takes me through the steps to schedule a new deposit. Will this be in addition to the one already there? I still can’t see what the original amount is either.
I feel like this is just a savings pot if that’s how it works.
I’d love for it to stop when the safety net is full, and refill using the set monthly deposit amount when it goes lower or is emptied etc.
I’d love for this to happen too.
On setup you calculate how many months it will be before I hit my goal so the scheduled deposit could/should stop then.
This is great. Agree with the above that having the option to stop transfers into it when full should be an option.
I also think once it is full it would be good to allow people to increase to a three-month or six-month net (or whatever they want beyond the one month I guess). Would be good if there was a slight bump in the savings rate for this to encourage people as well.
When you tap into the Scheduled payments row you should be show all of the current payments that have been setup for the safety net.
You should also be able to see these on the Payments tab under Scheduled. If these have been setup and you aren’t seeing anything it might be best to reach out to COps who can dig into this for you.
Definitely not there. Unless I’m being completely blind or looking in the wrong place - which is a possibility ![]()
I don’t want to bother CS with something so trivial, so I’ll wait to see if anyone else flags it on here or shows more detail to allow me to work out where I’ve gone wrong.
@antkennedy How does this handle increases in bills/new bills? Will it prompt me when it detects that the bill category has gone up and suggest that I increase the scheduled payments?
Hi @BristolMatt, for now you won’t be prompted when your bills increase but you can go in and edit your Essential Spend any time you like through the Edit button on your pot
Hi @ChloeMingay (and welcome!). Thanks
Hopefully, this is something that can be looked at for the future (I appreciate that you have literally just launched this!
). I personally would like to switch something like this on and broadly not have to worry about remembering to alter it as/when new bills are added or current bills increase.
I don’t see any either…
Where does this safety net live?
I pressed the Safety Net info in the combined feed on the homepage, and now I’m able to choose which account (joint, personal or both) to calculate a safety net amount. But it isn’t clear at this stage where the safety net will live. If I choose ‘joint’ will it be associated with my joint account and my partner able to see it? What if I choose both? And if I only pick ‘joint’ to make the calculation, can I then create another safety net for my personal account?
Also, the idea of a safety net has connotations with overdrafts. Will this safety net be used if balance reaches zero?
@Ordog, try this ![]()
From the Schedule Payments item in the Manage tab, I am shown this screen. The list under the Pot Transfers heading shows my scheduled payments.
If I tap the first one I am able to edit or delete the scheduled payment