Breakdown

[alexs (Alex Sherwood)]

This post seems like the best place to ask this question, from @jshrager .

@jshrager

Capital spending - there are lots of examples where I have transferred money to a pension, or investments, and i keep a lot of cash in Ratesetter. If i use my Monzo card for this when current accounts launch then how will this be categorised? I imagine it would show as an ‘expense’ but actually that money is sitting in another account. So again the budgets/targets are completely pointless after this. Or you buy a car, so you have an asset, but it would show as what? Or what about when you buy a house?