What Pots do you have? 🍯

[simonb]

So, now that everyone has access to Bill Pots, it’d be really interesting to know how you’re all using Pots as a whole.

At the moment, I just have 3 Pots:

Bills Pot (all Direct Debits and Standing Orders from here)
Prince Pot (saving for our next trip to Minneapolis!)
Credit Card Repayments (for making irregular additional payments on top of my DDs!)

[anon72173902]

I have an empty pot coz like no money

[Rat_au_van (Em)]

I will probably change a couple of these to savings pots as I won’t need them for 6 months or so

[nexusmaniac (Marcus, Backend Engineer 🛠️)]

- Coin Jar (been rounding up since day -1)
- Car Insurance (and Tax) pot, ready for a few days before Christmas… I picked a terrible time to pass my test & buy a car all those years ago
- “House Savings” but it’s just general savings and I figured a house deposit would be a sensible aim
- Left over, where any money remaining at the end of the month gets swept away to (so it’s normally empty )
- Rent backup, one month’s worth of rent just in case
- ‘Monsno2020’, saving up for a skiing holiday with some awesome people here at Monzo

- Bills Pot (but I don’t use it because I prefer using Summary )

[Webby53096]

I have a few lol

• Bills - Internet/Council Tax/Streaming Service (Bill pot)
• Water Bill (Bill pot)
• Phone Carrier (Bill pot)
• Energy Provider (Bill pot)
• Rent (Standing order so waiting for Bill Pot )
• Badminton
• Weekly Travel
• Semi-Fixed Savings pot (non easy access one)
• Money towards new phone pot
• Money for Christmas presents pot
• Contact lenses
• Friends and Family orders pot
• Monzo Plus 1.5% Savings pot
• Amex Credit card spending pot
• Visa for my partner pot

[anon77734705]

Fuel - Regular Pot (I don’t really commute now but it’s nice to put some aside)
OnePenny Savings - Regular Pot (This has reverse 1 penny and weekly challenge)
Car Tax - Locked Regular Pot
Coffee / Hot Chocolate Machine - Regular Pot (this is empty as it’s for a house warming present whenever I move out so I’ve invested it in the meantime)
Little Sister Owes Me - Regular Pot with a goal of her debt
Round Up - Regular Pot
Savings - Fixed Savings Pot (pulled this from my Cash ISA to get that sweet higher interest under the tax threshold )
Bills - Regular Pot
Emergency Fund - Easy Access Savings Pot but locked (the aim of this is to get that 3 month saving thing at a steady place in a dedicated place instead of tapping on Cash ISA etc etc when needed)

[BritishLibrary]

But a few: I tend to name them just single emojis.

- Emergency fund - aiming for 3 months income but building…
- Extra Dosh - where I siphon off bonus payments + a small amount each month.
- Christmas - saving up but doing a poor job.
- my bills pot for most of my DDs
- an ISA that I’m sloshing stuff into but not sure what my goal is with it.
- AMEX pot - if/when I spend on my AMEX I’ve got a pot to cover it. Use an IFTTT and Shortcuts integration to add amounts on the fly.
- Holiday for 2020 fund - as a Easy Access Savings pot

I thought Pots were ordered in the order they were made though? Weirdly my ISA has moved around on the list.

[anon77734705]

Pot jinx

[BritishLibrary]

[sheona (Fraud & Recoveries Analyst)]

Food Shop - where I put aside my grocery budget
Shopping Budget - any spending money for the month for clothes etc, basically anything not grocery related
Future Tattoo - locked round up pot with a goal, saving to get my first tattoo
Savings - ISA pot
Regular Pot with money specifically for buying things for my daughter - child benefit goes in there!
Bills Pot - for my committed spends

[stephenjames]

Freakin love your childcare pot!

[anon99402360]

Think all of these are pretty self explanatory!

[Zooropa (Wayne)]

• Safe Deposit Box Pot (1p challenge)
• Crete Countdown Pot (made it on the 100th day before we fly. I transfer £1 every day in it)
• Spending Tax Pot (round ups and £1.50 every card transaction IFTTT)
• Holiday Pot
• The Bill Pot
• Weekly Bus Pass Pot

[beanhead85]

Super 6 Prize Pot… jinx!

[anon66544660]

In order:

Coin Jar: Round up everything. Can’t stand unrounded numbers. All my other pots have rounded up numbers, everything leftover gets dumped into here.

Plus Jar: Monzo Plus. Pity Monzo don’t give transactions to themselves any love, slightly ironic. Would have been nice to make it a bill pot.

Transport Jar: IFTTT withdraws money from it every time my Oyster auto-top charges me.

Interest Jar: I put all the interest I get into here (rounded away to the Coin Jar), keeps a nice little tally.

Credit Card Jar: My bill pot for paying off my credit card.

Pending income: Any extra income I make during the month that I put away and withdraw when my salary hits. This month is lunch expenses I expensed whilst the restaurant at work moved away for a bit, which got reimbursed sooner than I thought, plus £100 from First Direct for switching away from them.

[WillP79]

1. ISA pot for main savings.
2. Coin Jar.
3. Paybacks. This is for when I pay for tickets on my credit card (for the miles) and friends pay me back. I put it in the Payback pot, and it stops me spending it for when the bill comes.

[davidwalton (Award Winning Hot Coral Analyst)]

Personal Account;

• Monzo Plus top-up pot (£3 legacy Plus) - wish Plus could be treated like a D/D so pay-from-pot would work…

Joint Account;

• Bills pot - all D/D’s paid from here, need S/O’s and subscriptions to complete the horror
• Holiday - currently depleted as we’ve recently returned from one
• Xmas - currently empty as we used it while on said holiday, with only 2 payday’s to go (gulp)

Keeping finances simple!

[jtaylor69 (Jordan Taylor)]

• Emergency fund for woopsies
• Florida 2020
• Standard savings with no goal in mind
• Bills, as the name suggests but my personal bills
• AMEX bill pot which uses IFTTT
• Car insurance bill pot that uses IFTTT (I use ByMiles to pay for mileage)

On our joint:

• Furniture fund for when we move in to our new home
• Joint bills covers our shared bills like mortgage, life insurance, council tax etc
• Joint rainy day, for those awful days

[andrewbates]

I have

Savings Pot - for general savings
House Pot - saving up for new bathroom, could take a while!
Opticians - cost me a fortune every few years so thought best save up
Holiday - round ups go in here and pound a day so builds up without noticing really
Just looking at sorting out bills pot ready for next payday

[TaffyApple]

I Have…

Bills Pot - for all my Bills, Direct Debits and Standing Orders

Savings Pot - just in case I have a shilling or two left at the end of the month.

Save the Change Pot

Rainy Day Pot - for when it rains in Wales (this gets used a lot)

Hot Pot - for when the temperature goes over 20 degrees