Without a flow chat, but mine is as follows…
25th of every month is payday, salary comes into Monzo
26th of every month (1 day after payday just in case I need to stop something) - I have 3 standing orders that come out…
- A LISA for a home deposit
- A Marcus savings account - This is my “general” savings, e.g more expensive treats, new phone, holidays etc
- £50 a month towards an emergancy fund
1st of the month comes round and all Direct debits and rent comes out (Girlfriend pays me her share of the bills too on the 1st)
This leaves me 24days with the money in my account to do groceries, transport, buy a new tshirt and all the rest.
I find this way works best for me, I get rid of “excess” money into savings accounts, before I get chance to really see it, then I have a few days between payday and bills coming out, to sort potential problems out, e.g. Pay didn’t go through properly
That gives me the rest of the month knowing exactly what’s in my account, and where it’s being spent.
Before Monzo, I simply was playing a guessing game every time I spent money “Did a bill come out last night?!? Who knows!”