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Starling “ spaces” and similar

I’m hoping to start to learn to budget better. I find paperwork very overwhelming ( mental health )   I’m now feeling ok enough to start tightening up to look at what I’m spending.
It’s not my main bank account t but I’ve got Starling and am trying to get my head around the “ spaces”
part of tne app. Will this be useful, can anyone explain it or recommend a tutorial 
thanks 

Comments

  • TimeLord1
    TimeLord1 Posts: 1,443
    1,000 Posts Third Anniversary Savvy Shopper! Rampant Recycler
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    Basically you're creating your own savings pots inside your account.  For whatever bills, groceries, holiday, or rainy day help.


    https://youtu.be/MFZDXcFXe_M?si=IRKGLb_tdRod26qc


  • Rob5342
    Rob5342 Posts: 3,186
    1,000 Posts Fourth Anniversary Name Dropper
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    edited 14 January at 10:22PM
    They just let you partition your account into different sections with the ability to have standing orders and direct debits coming out of the pots as you choose. It's similar to having multiple accounts but much more flexible as you rearrange everything on the fly.

    Monzo do something similar with their pots. It's such a simple idea that can really help with budgeting, but for some bizarre reason none of the old fashioned banks have implemented anything similar. 
  • penners324
    penners324 Posts: 3,733
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    Plus Starling & Monzo let you gave direct debits come out of a space / pot
  • Mayaboo
    Mayaboo Posts: 135
    Fourth Anniversary 100 Posts Name Dropper
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    Thanks. I find this stuff overwhelming. I guess I’ve just got to get stuck in and do it then all will become clear . 
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