Pause scheduled payments

Is there a way to pause scheduled payments between pots? If not there should be!

So, live example. I have a ‘Travel’ pot that I use to pay for my weekly travel expenses. I have a scheduled payment from my Travel pot into my main pot each week to cover costs. However, when I am away or on holiday, I don’t have any need to transfer that money across. I don’t want to stop the scheduled payment, just pause it for the week or two I am away.

Would love to know if this is possible? Or if not, do you think Monzo would consider it?

C̶a̶n̶t̶ ̶y̶o̶u̶ ̶j̶u̶s̶t̶ ̶e̶d̶i̶t̶ ̶i̶t̶ ̶a̶n̶d̶ ̶s̶e̶t̶ ̶r̶e̶p̶e̶a̶t̶ ̶t̶o̶ ̶n̶e̶v̶e̶r̶ ̶u̶n̶t̶i̶l̶ ̶y̶o̶u̶ ̶w̶a̶n̶t̶ ̶t̶o̶ ̶r̶e̶s̶u̶m̶e̶ ̶i̶t̶?̶

Ignore me, I’m wrong - sorry!

I really really want this.

I have scheduled payments that go into pots, that towards the end of the month aren’t as important enough to let my balance drop to zero.

I would like to be able to pause them, so I don’t end up with 0.00 at the end of the month which is what happens currently.

It would also allow me to prioritise my pots such as bills.

You can’t edit pot scheduled transfers :worried:

Yep sorry you’re right - I didn’t read the question properly. My bad :pensive:

I’ve edited my reply.

Same idea but I’d love to be able to skip the next payment and have normal service resume after that without me having to tell it to start again.

Off the top of my head, the only way I can think of achieving this is using a repeating google calendar entry to trigger the payment and then deleting the entries for the specific payment(s) you want to skip.

I’ve never tried it myself but I do use Google Sheets for a similar thing and it seems to be quite reliable.

I have all my scheduled payments at the start of the month - following the ‘pay yourself first’ principle. Then if I’m running short at the end of the month, I have the option of (a) pass on whatever I was intending to spend money on because the budget isn’t there, or (b) moving money back out of a pot to cover the spend.

That way works for me because most of my pots are for spreading large annual expenses, so when I take from a pot in that case, I’m effectively borrowing from future me and after my next payday will put the removed amount back in the pot as well as the usual transfer.

It works well for me, and helps me keep my budgeting on track. I’m actually saving money now, which I wasn’t before, and by using pots over the year for big bills, I’m finding I no longer have so many incredibly lean months (the one where car MOT, tax, and insurance all came at once used to be the worst. Not any more).

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