So pre covid we used to take cash out, put it in a load of envelopes marked as household, holiday, savings, etc, and then when we wanted to spend it, take it out the corresponding envelope and spend it. The best way to control spending I know of by a long way.
Covid happened, cash not popular, and honestly it was a bit of a faff. So I'm looking for a version of this on my phone.
I want a payment app where I can transfer in a load of cash, split it out to different pots, and then when I'm spending money, open up my payment app, select the pot I want to use and the payment comes out of there.
I got monzo which gives you unlimited pots, but you can't spend that money directly- so it'll happily tell you what you've spent your money on, but the whole point of the system I want is once you've run out, you've run out- not that you can see what you've spent it on after overspending. And keeping everything in pots and transferring to the payment account to pay is just more hassle than I want whilst trying to put things in bags and pay and not hold up everyone else.
Any ideas?
May 21, 2021 at 04:53AM
