We’ve got some more ways to help you manage your spending with Pots:
As part of our new Home screen designs, Pots also got a new look
The new Pots detail screen allows you to easily access all your info, instead of going back and forth between different tabs.
You’ll see a quick snapshot of your latest activity, scheduled transfers, and Pot documents like monthly statements.
Your Credit Card Pot will show the balances for your synced credit cards and the percentage set aside from your Monzo balance as you spend for each of your cards.
Cover your expenses by paying directly from Pots
Paying from Pots can help you keep track of money coming in and out for specific reasons. It’s envelope budgeting… made digital
You choose which merchants and/or categories to assign to a Pot. Any matching payments will automatically be paid from that specific Pot.
Auto-cover is turned on by default: if there isn’t enough money in your Pot for the payment, we’ll use your main account balance to cover the difference. Turning off auto-cover will decline payments when there isn’t enough money.
We’re absolutely blown away by how much you all like the spending from a Pot feature!
You’ve told us how much easier it is to organize and manage your spending when you pay from a Pot. But what happens if it gets paid from the wrong place?
You can now reassign transactions to come from a different Pot or account!
Tap on the transaction in your transaction feed, then tap “Pay from a different Pot”.
If I re-categorize a cleared transaction, does that actually rearrange the funds in the associated pots to compensate, or merely 1) Update the reporting for spending metrics and 2) If selected “for all future transactions”, re-learn pot assignment for future similar purchases?
IE if a charge was auto-connected to Groceries pot (but actually belonged to Medical pot), does changing the category from Groceries on that single expense automatically move funds from Medical to Groceries to reimburse the mis-categorized expenses?
