I’ve been aggressively saving with Plum since they offer a lot more automated saving options, but I would rather save more money with Monzo and not have a second subscription for auto-saving, and more gamified auto-saving like Plum. What about saving if I wake up at a certain time based on Apple Health metrics?
If Monzo offered 25x roundups, then I wouldn’t try and spend in amounts ending 0.01 and would save more with the same subscription. Monzo appears to move the funds faster and is a little clearer.
I am already in the Daily Savings Challenge as well using the maximum saving increasing by 4p daily.
1 Like
Do it with IFTTT. Pick a figure and charge that by card use.
Completely bonkers idea btw. Monzo will never do it.
3 Likes
Must admit I’ve not tried using IFTTT with Monzo. If I can link it a Shortcut to run the IFTTT recipe when I get up, that would be fantastic!
So far however, more automated savings options are making Plum look better, but I have been saving a little too much with Monzo roundups at the same time.
Think I’m just going to keep saving with Plum and maybe create a weekly scheduled deposit to my Monzo Investment account.
2 Likes
You can, but I’m not 100% sure you can do it for free anymore.
I do it for £1 when I use my card. That pays for Christmas
2 Likes
How much do you save on average per month/year using the £1 roundup?
Is it instant?
Yeah it’s instant. £30-40 a month.
4 Likes
I’ve not looked at IFTTT for many years but I quite like this one.
1 Like
I doubt they would ever do 25x roundups, but it would be good to have the option when I’ve got some extra money to invest. I would normally keep it lower but those on a high income would certainly welcome it. for now, I’m on a low income.
Just invest the extra money?
1 Like
I am investing the roundups. The point is that it happens automatically with roundups, but I would like to invest more and stop aiming for payments ending £0.01.
I mean just add the money you have extra instead of aiming for .01p spends.
Having to add the money you have extra defeats the whole point of automating it.
Surely less effort than doing the maths on £xx.01 for a roundup everytime you go out?
