How Money Works

Illustration of notes and coins
How Money Works
23 October 2019

9 questions to ask yourself before you borrow money

Can you afford it? And will you be better off in the long run? If you’re thinking about borrowing money, ask yourself these 9 questions first.

[Blogpost] Saving Illustrations-19
How Money Works
How to Save Money
22 October 2019

How to save money in London

London is one of the most expensive cities to live in in the world – but there are plenty of bargains if you know where to look. 

[Blogpost] How to get out of debt
How Money Works
22 January 2020

How to get out of debt

Debt is something that is rarely discussed, but ignoring it can have an expensive impact on finances. Here's a brief guide on how to get out of debt.

[Blogpost] How to save money on food
How Money Works
How to Save Money
9 October 2019

How to save money on food

Saving money and reducing costs can be tough, especially when it comes to cutting down on the essentials. And there’s nothing more essential than food. 

[Blogpost] Savings Plan
How Money Works
How to Save Money
Pots
15 October 2019

How to start a savings plan

We've outlined a few different kinds of savings plans so you can find one that might suit you and your savings goals! 💰

Jar filled with money
How Money Works
10 October 2019

How to save money, according to people who actually manage it

We asked the experts in the Monzo Saving Squad to share their best tips on how to save money.

Image of a lightbulb for 'tax implications of a joint account'
How Money Works
10 October 2019

What are the tax implications of a joint account in the UK?

A joint bank account is a bank account that you share between one or more people. Here's some info on the tax implications of a joint account in the UK!

How Money Works
Savings Account Guides
4 October 2019

How does a savings account work?

A savings account is a place to keep money so that it earns interest. Here's a brief guide on how savings accounts work!

Image of a lightbulb
How Money Works
3 October 2019

What happens to a joint account when someone dies?

When someone dies, there are a few things you'll need to do to make sure all bank accounts and finances are sorted.

Image of a lightbulb
How Money Works
2 October 2019

How do I take my name off a joint bank account?

The first thing to do would be to contact your bank, as different banks might have different ways to go about this.

Lock-tober image
How Money Works
30 September 2019

‘LockYourPot-tober’: The new saving challenge to help manage your money this October

'LockYourPot-tober' is a challenge where you keep your money locked in a Pot until the end of the month.

Lump sum of money
How Money Works
Savings Account Guides
22 September 2020

Which savings account is best for a lump sum of money?

It's important to consider all the options of savings accounts when it comes to what you should do with a lump sum of money.

Illustration of coins
How Money Works
Savings Account Guides
8 April 2020

Tax free savings allowance - what is yours and where to find it

Your tax free savings allowance, also known as a Personal Savings Allowance, is a way for most people to earn interest from savings without paying tax!

Image of a lightbulb
How Money Works
Current Account Guides
15 September 2020

How do I know when I opened my bank account?

At some point your bank might ask when you opened your bank account. Here's how to find out!

debit card
How Money Works
Current Account Guides
16 September 2020

How long does a bank transfer take?

Bank transfers are usually fast and easy, however there are a few instances when they can take longer to go through.