Btw, I ‘bought’ into Monzo because of the Targets feature and how it was ‘sold’, I came onboard as it was launched. I’m glad I did as I love the other features and have even signed up 4 friends and family. But as you can probably tell I feel like it’s a bit of a kick in the groin to still not be able to use the feature I signed up for 6 months ago.
At least you have the Targets feature, could be worse, you could be on the Android app.
Anyway, what does it say on your card bellow Monzo? You haven’t “bought” anything, nothing has been “sold”, Monzo product is not even on sale yet. This is just a taste of what they are cooking at the moment, give them a chance to build it!
thank you for explaining in detail what my use of quotation marks on those words were intended to do.
And you’re right they do need time to build it. However it’s confusing to me that as of recently I can now add a picture to my app - a cosmetic new feature - but I can’t use a budget feature that was released 6 months ago because of an known and unresolved issue.
As far as I can tell the trello board is a few months behind on the more budgeting update, I understand they have been busy with launching the bank but other smaller features have come out while this issue has been left unresolved.
I’d love an update from the team on some kind of realistic timeline on when it might be fixed as I’ve been patiently waiting for 6 months for it and posted in the forum about it multiple times and none the wiser. I really don’t want to sound like I’m not happy with Monzo, like I said I’m glad I have it.
Fair enough, I get what you are saying.
If large chunks of code relating to certain services (categories, P2P Payments, Targets) are going to get completely reworked and changed in prep for current accounts, would it not be more wasteful to spend time fixing relatively minor things on these soon to be obsolete chunks of code? The other cosmetic features may not be that superficial after all, profiles might be an extremely important central feature were all future current accounts and sub-services gel together. Photos I suspect are just a cool Monzo touch to an important feature that had to be developed at this time.
Criticise all you want, I’m sure Monzo appreciate the feedback. I was just remembering that we are in Beta and should be OK with an imperfect, irregular service while Monzo work through their strategy for perfection at current account phase out.
Just want to add to the call for the ability to ‘tag’ Monzo.Me receipts. Started using it a lot more with my girlfriend to split costs but it makes it nigh on impossible to identify my true spend within the relevant tab.
It looks like Monzo will not be releasing budgeting on Android for pre-paid cards and will only be available on new current accounts “to avoid building it twice”. Looks like I may have been right. Would certainly make more sense to build properly on the current account side and not spend much time fixing relatively minor issues on code which will soon be obsolete (targets for iPhone on pre-paid cards)
Just curious if for Monzo that’s a “we’ve been building it for the current accounts behind the scenes and it will be out along with current account release or shortly after” or its a “when the current accounts are rolled out we will start working on it”.
If it’s the latter then I can see a lot more people on Android being annoyed at being left behind once again as it could then take months after current account release for that feature to be implemented. (iOS user so doesn’t impact me)
Just adding another vote to be able to categorise payments that result from splitting the bill so my spending is accurately reflected.
Ideally, if one split a bill, this would mean all payments received from doing that:
- reflected that payment’s category (for target purposes)
- showed up in the detail of original transaction too, so you could check everyone had paid you back for that thing
Also think this should have been part of bill splitting/targets from the get go. Agreed with the above comment about linking them to original transaction too (bit more of a nice to have though)
Let’s say you spent £10 and sent a link to another monzo user to split the bill and they send you £5. You’re net spend would be £5. However, currently in the spending tab, it would still show as a £10 spend.
Can this be fixed so that spending summaries are accurate?
This is a much needed feature! I quite often split large costs with my wife and it ends up looking like my outgoings are much higher than my earnings. It makes actually tracking what I’ve spent really difficult.
Yeah this would be good. I was just about to spend £1000 on 20 tickets to a festival. I then realised there was a limit of 6 per person, so I had to send money to three friends. My spending now looks ridiculous. Would also be good to have a “Gift” category, as I have said before
Totally agree! The only solution I found was… to constantly raise/lower targets after each transaction. Then knowing, by the end month, how much you changed your targets you can count how much you’ve spent.
This sounds like an ok workaround for now, but sadly I’m on Android and we’ve never had targets!
This problem would be easily solved if we could assign categories for the payment made through monzo.me. Say you spend £10 between two and set it as Entertainment. And other guy pays you £5 and just subtract that amount from that category and total spending. Easy.
A quick way to guess which category a payment should go is to look for the note. It usually has the name of the establishment where you used the card and look at that transactions category.
Or would it be possible to have say the £10’s received removed from the entertainment total spent for the month? This would the total budget spend for the month more realistic!
Something I have thought would be really useful time and time again, is the ability to link or merge a payment in to a payment made. The use case for this is as follows:
Person pays for a supermarket shop for their partner/housemate (e.g. £50)
The two split the bill, the second person pays the first person to their monzo account (e.g. £25)
Current behaviour is that the £50 goes against the Groceries target, and the £25 in just sits there. It would be great to have the payment in detract from the target, as the reality is the first person has only paid £25 towards groceries, but the data reflects it as having spent £50 on groceries.
Perhaps if we could tag payments in with the categories as well, so it would balance out: £-50 tagged as groceries; and £+25 tagged as groceries - this would mean the target spend and reporting would show £25 spent.
This has been discussed a few times, I believe it’s on the roadmap for development.
I’ve added your post to the most recent discussion thread.
Ah great, thanks! I hadn’t seen the other posts.
Now I’ve used monzo as my main account, due to shunting money around the spending is totally bogus. As a work around I’m trying to yeah everything is don’t care about as general so at least it’s all in one place