I’m doing that Monzo 1p saving challenge mostly because I’ve never really understood how it ends up at £600 - ThreadSky

sarahvanpelt.bsky.social • 44 days ago

I’m doing that Monzo 1p saving challenge mostly because I’ve never really understood how it ends up at £600

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cybillliberty.bsky.social•44 days ago

I’m doing it too and laughed when I was overdrawn and couldn’t save 12p

sarahvanpelt.bsky.social•44 days ago

It’s not my main account so I underestimated the admin involved in moving money around to cover 13p

clairewithani.bsky.social•44 days ago

ME TOO. It doesn’t make any sense. Maybe they just transfer all your money to me at the end of the year to make it up to £600

clairewithani.bsky.social•44 days ago

They need to stop adding things to the app, I nearly switched my mortgage just out of curiosity the other day

sarahvanpelt.bsky.social•44 days ago

I’m not convinced it works at all

emilyoram.bsky.social•44 days ago

Yeah I do that on Plum. And the 52 Week Saving Challenge which I can’t remember what is, really adds up quickly.

sarahvanpelt.bsky.social•44 days ago

It’s suddenly shot up this week it seems and it’s good as I’m not noticing it at all. Nice way to save for a treat at end of the year

emilyoram.bsky.social•44 days ago

I have so many rules set and it’s always there to dip into for tattoos or holiday stuff.

zoetrope11.bsky.social•44 days ago

I think I’d be fine now but all those £3 something in November and December every day would be a LOT

sarahvanpelt.bsky.social•44 days ago

That’s the bit I’ve not quite got my head round

cybillliberty.bsky.social•44 days ago

I might create a separate savings pot to save from

orbette.bsky.social•44 days ago

Chase rounds up your payments for things to the nearest pound and puts the spare into a pot, I'm trying not to touch it this year and see what there is at the end.

sarahvanpelt.bsky.social•44 days ago

That’s a good way of doing it, I’m going to try and stick to this 1p thing and then treat myself to big Lego set at Christmas.

orbette.bsky.social•44 days ago

Self care

biltawulf.com•44 days ago

Now I am too and I have refused to read any of the terms and conditions. This is entirely on you.

sarahvanpelt.bsky.social•44 days ago

I always forget to put I am not a financial advisor on my posts, damn

magickitten.bsky.social•44 days ago

I just did the same. I notoriously dreadful at saving so let’s see how this goes 👀

sarahvanpelt.bsky.social•44 days ago

It grows surprisingly quickly but I’m still dubious about how it gets to £600, even though I know it does!

magickitten.bsky.social•44 days ago

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