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Companies like Revolut and Monzo have these two neat features that have made it easy for me to set up my curve ball savings account. Using one account, I am now able to split my expected expenses (such as travel, phone replacement, transport, beauty service) into different pots. PLUS I get interest payments.
Curveball accounts help you manage the WHEN and IF it comes!
The problems I was having
Up till now, I used one savings account to save for curveball expenses. This account did not let me split my expenses and so I set up my automatic savings to hold it all in one go. if I wanted to split expenses into a savings account, I would need multiple savings accounts to track each of my curveballs.
For me this was too much overhead. I don’t want too many savings account to track and maintain.
Saving pots with Monzo and Vaults with Revolut
My new curveball best friends are these saving pots and vault features from monzo and revolut.
Why I like them
6 benefits! I am abuzz. At this time, I decided to go with Monzo saving pots because Revoluts saving vaults is only available to members with a Metal card which is available at £12.99 a month. At the time of wring this article, the Revolut interest rate is higher than Monzo'.
If you have a Revolut Metal Card, watch the video below to see how to set up your Vault
How I have set mine up
Now I can track all my curveballs in one place and this has significantly made it easy for me to be on top of things. If I want to save for another thing maybe a trip next year, I can set up the a new travel pot and start saving so it does have to be a worry.
Watch the vido below to Learn more about Monzo
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