Cool and cool!
Can you take me up with Chris?
Well thatâs not how you hide
Ah ha!
Cool and cool!
Can you take me up with Chris?
Well thatâs not how you hide
Ah ha!
I donât, I probably should. I do use Nectar and have permanent double points so thatâs always about a tenner back a month (also used for food). Morrisons more, Tesco clubcard and BPMe Rewards. Better than nothing. I tend to use PetrolPrices app to find the cheapest, so thatâs sometimes Asda. If I can get it a few quid cheaper filling up, I do that over collecting points equivalent.
I really want to ditch petrol and get an electric soon. Well over ÂŁ5k spent a year on fuel atm, but the electric cars about ÂŁ5k+ more than ICE, plus ÂŁ500 a year in electric at a guess. Also 25,000+ miles a year and itâs very costly each month as your wiping the value off. Second hand electric maybe.
Most of these are annual expenses, so I tend to split by 10 and put that amount away each month for 10 months prior, giving me two months off each year.
Personal
Apple Treats - recently emptied
Wedding Anniversary - annual gift to my wife
Wifeâs Xmas Present - for my wifeâs Xmas present
Wifeâs Birthday - for birthday gifts to my wife
Wifeâs Big Birthday - long term saving for a future milestone birthday
Joint
Christmas - everything Xmas, locked until November
Monthly Surplus - previous months surplus, kept here just in case, before being shipped off to a savings account elsewhere
All bills are payed via NatWest due to the cashback we get
Also, I donât actually use the word âWifeâ in the pot names
Huge list there!!
Do you have any fancy automation around your Work Expenses pot or is that manual?
Really âŚwhere do I find bills pots? I canât see them.
Did you send out an email how to use them? No.
Is there an answer if I put in âBill Potsâ under âHelpâ in the âSearch or ask a questionâ? No
Did I ensure I have the latest version of Monzo (Android)? Yes.
So I conclude that not all of us have access to Bill Pots yet.
So I have 2 savings Pots.
One labelled âInvestingâ for err investing strangely enough.
and the other âSpend next yearâ where I save up the money I estimated I am going to (one guess) spend next year on large one off things things like, holidays, insurance, car bills etc.
My regular Pots are self explanatory.
Temporary savings (for extra money I hope not to spend during the month).
Tax for tax bill from HMRC.
Holiday for holiday spending.
Presents for buying presents.
Shopping for non grocery shopping.
Personal care for hair dresser, nails etc.
You havenât enabled it in labs yet?
Labs
Wrongly.
No of course I havenât enabled it in labs. I am not intending to. Iâd rather wait until it is out of labs and available to all, which is what this post impliedâŚ? I interpreted âavailable to allâ as a final product not one still in labs. (Note am an oldie so not tech savvy)
It is available to all, all you need to do is enable it in labs. Just because youâve decided not to doesnât mean itâs not available
So itâs available to all. Youâre just choosing not to use it.
Monzo Labs is available to all customers, they arenât mutually exclusive!
Labs is where we provide early access to features, but once things are in Labs, all customers do have access to them, they simply need to choose to enable them
For now, itâs manual to withdraw money. The plan is to take my calendar into account when processing transaction webhooks - as normally any work expenses occur in/enroute to London. For depositing money, thatâs automated based on a trigger for the description of the payment made to me by work.
The only other bit of automation is that when my salary is received, it splits into the appropriate pots, however, @brunoâs hint at Salary Splitter, makes me think thatâll now be handled in house!
I have:
I donât really use pots.
I have one for roundup and another for the bills pot (purely wanted to try it, I prefer using left to spend).
I send my savings elsewhere as the rate is better.
Can you elaborate on the IFTTT and shortcut setup you use? Iâd love to do a similar thing for my AMEX spending.
Sure! I found it on this forum actually:
The above post explains a full how-to, but basically if you follow that set up, you will come out with a shortcut (which you can add to your home screen on iPhone), which prompts you for an amount to move over.
Given AMEX donât have an api or integrations with IFTTT, it seems the best way. Just basically need to press the button and enter an amount to transfer whilst youâre using your AMEX.
Thatâs great, thank you. Iâm on android, but I see some discussion about that in the thread so Iâll do some digging or have a mess around with IFTTT myself.