I know I am going to sound like a dip****, but I am numerically dyslexic, so please bear with… I have an insurance payment that I pay for annually. If I set up Monzo to remind me as a repeating payment, how does this work?
Does it, just remind me?
Does it set aside that amount each year or month in my budget?
How does it work? I don’t know how this can help me. Plus, if say in this case it is an insurance premium and an amount that is unlikely to be the same next year, does Monzo account for that? If it doesn’t, can it be changed?
I only found this facility a few days ago. Is this feature useful or is it better to put aside in a pot(s)?
My finances have to be simplified for me!