A budgeting enthusiast has revealed how he saved £57,000 by the age of 26 without taking on any side hustles, crediting a straightforward method using Monzo's 'pots' feature.
TikTok user @moneywithtao shared his approach in a series of videos, explaining that he automates his savings by dividing his income into different pots for groceries, holidays, gifts, and 'guilt-free spending'. He also maintains an emergency fund and personal savings pot.
He said the system allowed him to save without feeling restricted, as he could create virtual cards linked to each pot to control spending. Monzo's website confirms users can have up to five live virtual cards, which can be used for online purchases or added to digital wallets.
In a separate post, the content creator outlined his budgeting framework: calculating take-home pay, listing essentials, setting a savings target, defining fun money, and reviewing monthly. He emphasised that knowing how to split income was more important than the amount earned.
@moneywithtao concluded: 'I saved £57,000 by 26 — no six-figure salary, no side hustle. Just a simple system using Monzo Pots. Automating my savings, naming my goals, and separating my money made it easy to save.'
