Payday Budgeting Saver

You would select the date you get paid each month on the app. Monzo would then provide you with a daily spend limit for the month based on the balance on this day, taking into account any regular payments/ standing orders.

At the end of each day, any surplus in your budget would be applied to a pot (the Coin Jar) to further build on savings.

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What would happen if there is an emergency and you need more money than your daily spend limit?

I’m not suggesting that it is completely capped so that you cannot spend it, merely a daily spending target. If you spent over on one day it would then update and reduce your daily target for the remaining days.