Better way to balance your money in Trends is here ⚖️

Ah thanks, didn’t think of doing that. It’s a bit of a hassle, but might try it later, thanks for the tip!

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I’ve shelved the use of trends and balance until a better roll out of basic functions becomes apparent. The total lack of being able to adjust for 4 weekly pay / 28 day periods just makes the whole experience miserable.

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Same for me sadly.

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I tried that but it was too cumbersome and slow from trying to find the very first transaction I went to. It should just be doable from the Trends screen, especially since the UI makes you think it’s doable but then nothing happens.

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Oh totally, it definitely needs fixing. I just thought I’d share a quick hack that worked for me, however suboptimal it might be.

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So I’ve not really been using Balance. I’ve said before that one reason is that it doesn’t take into account future transactions.

But I’ve found that another reason is that I want it to just run off my Monzo account. Now, I can change the selected accounts but that also changes the Spending tab, where I want a different set of accounts selected.

Basically, what I’m saying is that I’d really like to have a different default set of accounts selected for Balance than for Spending - a bit like how budgeting works on a different set.

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I guess I would then have to ask “reset for how long?” if you’re basing it on incoming transactions.

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So I’d be quite happy with setting Monzo to reset on the last working date, but then for it to be pulled forward automatically when I get paid early the day before that.

Ultimately, I think we need to move to a situation where we split budgeting periods and pay periods. I’m thinking for US folk who are usually paid weekly but often budget monthly.

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It also gets wobbly if you use the get paid early feature :frowning:

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So would I, but unless I’m reading wrong, the post I was replying to is paid the last working day before the 28th of the month, so your suggestion wouldn’t help them.

As someone who is paid last working day of the month this would work fine, I’m not sure it would for them.

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I suppose it depends what works for @Sprinter1067. If the period resets when they get paid then all the backward looking stuff will be true and accurate. What won’t be quite right is the forward looking stuff: £x / day calculation and Targets Budgets.

In an ideal world we’d have three things:

  • Period resets when you’re paid.
  • More complex ways of telling Monzo what your pay cycle is
  • A way to marry a budgeting period (e.g. calendar months) with pay periods (e.g four weekly, weekly, monthly etc).

Agreed however given so many budgeting apps and banks don’t work this part well I am inclined to think it’s not going to happen with Monzo, at least not any time soon. Anything more complex than the full month or the last working day seems to be too complex.

I think it’s just time and effort needed. If Monzo see the value in it then I’m sure they could crack it.

I’m cautiously optimistic that the different pay periods needed in the US might help make the case. :crossed_fingers:

“I want it to start from this payment and end on dd/mm/yyyy”

Changing payment period is such a frequent request.

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But the budget needs an end date. If you don’t have a fixed pay cycle it won’t know when to end the current cycle.

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I’d like to be able to set the month (25th to 24th for me) as we do now but then be able to manually for the start of the next month early when a payment arrives a day or two before schedule.

“This looks like your usual pay, do you want to start the next month?”

(Edit: this would also cover being paid early in December)

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Well assuming that the end date remains the 25th or something then yes, I would agree something like this would be great.

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I’m possibly being thick here but is there any way of adjusting the amount per day (and total) spend to account for income that comes in throughout the month? Just got a bit extra into my account but my spend is now going to be skewed the whole month if I touch any of it…

If you put it into a category that’s counted, then that category will go into a - and you’ll “gain” it

Ah I see yes that makes sense. So can’t be “income”.

I kind of wish I could just choose individual transactions to exclude from Trends.

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