I use a pot to manage my “travel spending”. I have an annual budget to spend on travel, and I use the percentage on the pot to see how I’m doing.
It’s the end of March and I’m only down to 87% of the starting amount. So effectively, I’m using the % in reverse. Instead of saving up for something, I’m saving down.
It would be great to be able sync that with the time of the year - so it could say £2,000 left, you’re £200 within budget - in the same way that the monthly spending wheel works.
Very cool idea
Love this idea, something similar to the main account summary dial but applied to pots do you think?
I suggested something similar with shorter term budgets, we’re currently on our last day of a week long holiday so our joint account has a £500 budget on the holidays category. We have about £50 left so we’re on track but because monzo sees the budget as for the month it’ll spend the rest of the month telling us we’ve overspent
Exactly. Where we can decide our own time period (1 week, 1 month, 1 year, for example) for the budget tracking to apply.