Iād honestly be keen for the graphs to be swipable with the bottom section staying the same.
Now, I know that would mean you couldnāt swipe easily month to month but I do find it difficult to click between the three and see the same information at the Botton presented in three slightly different ways
I think what Iām need now is an āinclude/exclude from Targetsā toggle on transactions. Iām going to have to exclude a category to prevent a transaction (Iād saved up for it using a pot) messing up this months Trends. Similarly, I think an āincludeā toggle may also help for those categories that are excluded e.g.Bills. So if I make an extra bill payment, that comes out of discretionary spend, it will reflect in Targets.
Non-Plus/Premium (and Joint Accounts): Use an unused category (if available) for ātransactions to exclude from Targetsā and then categorise the required transaction(s) with that category, and exclude that category from Targets
Plus/Premium: Make a new āExcludedā category and assign it to the required transaction(s), and exclude the āExcludedā category from Targets
Starting to get used to this a little bit more, but I must admit that I do find myself going back to summary often as well.
For me it boils down to a few things:
Spending budgets for individual categories is an absolute must (I really canāt see why this wouldnāt transfer from summary, so really hoping itās updated soon )
As others have pointed out, itās not great for accruals. Each month I set aside a certain amount of money into a āholidayā pot to ensure that Iām putting enough away each month to cover holidays in the year. Itās not clear how to account for this, because most months it means Iām wildly under budget, and then months with holidays Iām wildly over budget. I wouldnāt want to exclude this spending completely as I still want to be able to track it etc, but if anyone knows of a nice, neat way to solve this (or if anyone has any ideas of how this could be built in) I would greatly appreciate it!
Iām not sure that itās completely clear exactly what the best purpose for each of the three graphs is. I can read a graph and get info from it, but overall itās seeming to add a lot of complication. Iām not clear on what value each is actually providing over what we had before in summary, which to me was very clear and serves its purpose well.
This thread is titled āa better way to budgetā but as of yet Iām not convinced (and in general I love monzo, so I really would like to be convinced!)
My only idea is that each month the Ā£xx you put into a pot, instead of savings you mark it as holiday and then consider it spent. Then when you do spend in one big go, mark it as savings?
Hereās a lovely quality of life improvement. Targets now shows how many days are left in the current period and what that means as max spend per day:
Your math is right. Rounding errors probably means it could be a bit higher. Or a bit lower.
Ā£21.60 per day would be the answer if the budget was Ā£600. Trends would might round that to Ā£22. Although youād think itād always round down so it never looks like you have more than you would. But Ā£600 feels a more appropriately rounded figure than say Ā£620. Although if it is always rounding down then it equally could be Ā£625.
I should probably check my own and see, but phone is dead. TL;DR: your equation is right, but doesnāt take into account rounding errors. The actual value (depending how Monzo rounds) would be anywhere from about Ā£585 to Ā£635.
And in todayās entry in Trends team sparks joy, we have a lovely little update that shows you, when youāre scrubbing on the Targets line, exactly how much above/below budget you are.
Iām so so happy folk are listening and have brought this to us. A small tweak but definitely brings important functionality and a lovely bit of Monzo Magic.
(Edit: I think Iāve accidentally added a bit of a filter to that screenshot, looking at the contrast!)