Need more pots, 35 please or more.
Please throw the max pots message at the start of creating a new pot, not right at the end. Flaming annoying getting all the way to the end only then to be told oh soz you’ve got too many pots…
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I know this is an old thread, but I would really like to request more pots from Monzo please. 19 is not enough for my needs.
I know some people like to combine multiple things into one pot, like having all their subscriptions in one pot, but that doesn’t work for me. I find it over complicated and confusing trying to work out how much money is left to use and what has and hasn’t been covered. I like to have an individual pot for every bill/subscription/expense/saving goal, so that everything is laid out clearly and bugeted for with no room for confusion or accidental over-spending. (I mean, we all have a million different subscriptions these days!). In addition, since a lot of recurring payments are not available as a direct debit (e.g netflix, audible, dog food etc), a virtual card for each pot, so I can pay straight from every pot for everything would be great. More pots and virtual cards are my biggest need from Monzo 
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Hi. I’m interested in having more pots for my business account. Basically, for organization I have weekday pots, a tax pot, 4 business expense pots (car, credit cards, other business and pension) plus My business income from individuals. Now I’m out of pots but I need more. I did try to open a 2nd business account to split the necessary things but I was refused. I’d planned on using it for bulk payments from individuals and not needing more pots.
Would anyone else agree business accounts could use more pots?
I’ve given this a vote simply because it sounds like it might be useful for others, but personally, I feel that it is quite excessive to break everything down into it’s own little pot. I would find that complicated and very OCD.
I have:
Personal Account
- Bills (All bills and card subscriptions)
- These rarely change each month, and “Left to pay” let’s me know which bills are still to be paid.
- I do round up the total I need to help create a buffer in case one of my bills changes.
- Yearly Subscriptions
- Any subscriptions paid for on a yearly basis. I’ve got this worked out so that I pay in 1/12th of the amount each month so that there is enough to cover it once it’s due.
Joint Account
- Joint Bills
- Exactly the same set up as personal bills pot, but covers all household bills
- Food Budget
- Weekly groceries budget
- External bank transfers
- Money we transfer to another account to cover the add-on, and fuel
I then have 1 savings account on the joint account, and then I have a savings pot and Cash ISA for my actual savings.
Micro-managing my money any more than this would hurt my brain and look awful in the UI (in my personal opinion).
Currently it’s 20. Which is a lot compared to the olden days of ‘a current account and a savings account’
But once you get into putting your money away for different reasons, it’s not actually a lot anymore.
For example I have a bills pot, general savings, travel savings, a pot for groceries connected to a virtual card etc etc etc I won’t list them all.
The main point is, although the biggest chunk of my savings is with another company in a 5% interest savings account.
Monzo’s rates are good enough to keep smaller amounts of £10k or so in.
I currently use two other banks as ‘pots’ to keep money aside. Sometimes it’s money I owe someone in its own ‘pot’ or money I came across easily from selling items at home that I will spend on something overly expensive that I want and wouldn’t usually buy but because the money came easily I’ll use it for a fancy meal for example, so I’ll just put that money aside.
Or when travelling it’s good to have an extra ‘pot’ to put my travel money in there that I am spending.
Be good to bring more money in Monzo from other places and simplify things.
Just curious if this will ever be increased.
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You do realise there is a search function? If you did you’d have found your own topic asking about more pots.
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Aware of both simply refreshing the interest.
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That’s not how it works. You collect votes on 1 topic, otherwise you’re spreading them across several where it then appears you’ve got far less.
Nobody wants duplicate topics either. All discussion should remain in one.
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Nice problem to have 
Yeah, my “£10k or so” is earning me interest 
Fair enough. Happy for it to be deleted or merged then, all good.
In 2017 it was £25k of debt. So yeah I agree, absolutely 100% better problem to have.
Was just able to create a Monzo Pension now. Then I went ahead and archived an existing pot and tried to start a new pot, says I reached the limit! So it must count Monzo Pension as a pot, so technically I had 21 at one point as created the pension, and I could have re-named the existing pot but instead archived it and now can’t make a new pot, noooooooo 
Please give us more pots! Even just 25, increase from 20 would be so helpful!
What’s weird is that I now have 21 “pots” if you count investment and pension as a pot each. But if you exclude those two, there are only 19 actual pots in savings / pots.
Is this a glitch, maybe I can restart the app to fix it, or that really is the case, Monzo investment doesn’t count as a pot, but a Monzo pension does count as a pot?
It’s done on purpose so that you de-clutter your financial life 
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Sure, there is some use case though where a few more pots are beneficial though. Especially for specific upcoming expenses, so can keep the exact amount of that cost in that pot.
Upcoming trips, Christmas, friends and families upcoming birthdays, travel pot, emergency pot, savings pot, tax pot, pot credit cards and amex/cahrge card bills. round up pots.
Some people may also have bills puts for different properties, or for rent for different properties. Where a singular rent or property bill pot may not be suitable.
Someone may for example go on a yearly holiday once a year and a singular ‘Holiday’ pot may be fine. Others may need to fly to 3 different destinations, for work, and also have separate holidays and wish to separate their automatic savings into each pot so that they know they will have the budget for those trips each year.
I do think increasing from 20 to 25 would be great for a lot of users 
of course there will be those who may have the opinion ‘if you have more than 20 pots you are crazy’ but I would argue that that is being a bit closed minded and just because some users may not feel they need more pots there may be those who more pots would improve their finances. Especially as it is good financial practice to assign each £1 a ‘job’ on pay day and put it into the specific pot, this really helps to be aware of actually how much disposable income you have to spend so you can remain in budget.
A lot of my pots have actually been merged already into lesser pots. With the help of also using an excel spreadsheet and pot description this can also be done.
20 pots is bonkers. I have no idea how that can feel more organised.
But in the same logic as the 50+ categories, if it works, go for it. There’s no reason Monzo can’t provide more.
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Playing devils advocate. Monzo will have settled on 20 for a reason.
I know votes are not the be all and end all on here, but 34 in over 6 years I would guess that you’re sadly in the minority.
Heck, I’ve even voted, but I barely have 5 pots. Savings spread so thin were too discouraging for me and having so many was such a chore to keep them updated. I literally have a bills pot, savings pot, insurance pot and that’s about it. I don’t see the need to break them down further.
If it does get increased I see no harm, so you never know!
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I can also settle, just please give me back my pot allowance back to 20 Monzo (atm it is 19 as they counted my Monzo Pension as one)
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