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Monzo Blog

The latest updates, stories, ideas and guides from the Monzo team.

Monzo Me
25 June 2023

“Our wedding cost £4k and there’s nothing I’d do differently”

Lauren, 31, saved money on her big day by rethinking what a wedding ‘should’ look like.

Monzo Me
15 June 2023

“How we avoid falling out about money on our 10-person holiday”

Sam, 36, organises his friendship group's holiday. Here's how he keeps the peace when it comes to money.

Monzo Me
14 June 2023

“I stopped buying Tesco Meal Deals and put all the money in a Pot”

Grace, 27, is getting healthy and saving money at the same time using Pots.

Monzo Me
12 June 2023

“I used nine Pots to save for every aspect of my wedding”

Lily, 32, and her fiancé used Pots to save for their wedding without having to sacrifice their daily lifestyle.

How Money Works
11 June 2023

7 tips to save for your wedding – while still enjoying yourself

The average cost of a wedding is £18,400. Here's how to make saving up more manageable.

How Money Works
7 June 2023

4 easy ways to make money stress-free on your next group holiday

For a stress-free trip with friends or family this summer, here are four ways to cut the risk of friction around finances.

Monzo Me
4 June 2023

The ‘pay not to be there’ challenge could save you over £500 in six months

The cost of an average night out is rising. Here's one easy way to bring your monthly costs down.

Imagine that says finding your fit with puzzle pieces
Technology
1 June 2023

Finding your fit in a new product team

This is my experience of how I searched for and found my fit as a Product Designer in my first few months at Monzo, but I believe this applies to any role joining a new product team.

Monzo Me
25 May 2023

“It’s not always the Bank of Mum and Dad, it’s sometimes the Bank of Kids”

Alice, 25, has provided for her family since she was a teenager and is saving to buy her parents a house.

How Money Works
23 May 2023

How to start a ‘Spontaneity Fund’ for last-minute trips

If you want to take advantage of cheaper travel deals right now, consider starting a 'Spontaneity Fund'.

Monzo Me
21 May 2023

“I keep a £500 ‘Spontaneity Fund’ for last-minute holidays”

Josh, 26, has a 'Spontaneity Fund' to help him take advantage of cheap travel deals.

 Imagine we have 4 tasks that normally take 1 hour each. In the baseline, team A does all of the work, taking 4 hours. They have an occupancy of 80% meaning that translates to 5 hours of Team A’s scheduled time, costing £128. In the ideal scenario for moving the work, team B do it all with the same handling time and occupancy, but cost £72 leading to a £56 saving. However, what if team B can only complete two of the tasks but have to send the others back to team A (after spending half an hour identifying that they can’t finish them). In this case, if both teams have 80% occupancy, we need 3.75 team B hours but also 2 team A hours, leading to a total cost of £105 - still a saving of £23, but only 41% of the total opportunity. And that’s not the only thing that can affect cost. For example, if team B are twice as slow as team A at doing these tasks, then we will need 10 team B hours costing £144 - a £16 loss vs the baseline. Or if team B have much lower occupancy (e.g. if they are scheduled less efficiently) - if team B have an occupancy of 50% instead of 80%, we need 8 team B hours to do the 4 1-hour tasks, and this costs us £115. We only save £13 vs the baseline, 23% of the amount we save if team B have the same occupancy as team A.
Technology
18 May 2023

Sensitivity analysis

This blog explains sensitivity analysis, which is a useful data science technique for assessing the impact of different variables on an outcome metric.

How Money Works
15 May 2023

7 ways to boost your summer savings – while still having fun

If you'd like to increase your savings in time for summer without making huge sacrifices, read on.

Monzo Me
12 May 2023

"My elaborate savings system helps me attend Eurovision every year"

Sylvia, 38, is a graphic designer and Eurovision superfan with a unique way of using Monzo Pots to save money to attend each year.

Technology
10 May 2023

How we manage technology risk at Monzo

In this post, three Monzonauts explain how they work together with each other and other disciplines to manage risk in a fast-moving tech-focused banking environment.