I spoke to Monzo recently who explained that the switch from reporting your average monthly spend (overall and for each budget category) was based on user feedback. I am interested to find out what people’s logic is behind this, is there a particular reason why tracking your last months spend works out better for most people as opposed to their average spend? Of course averages can be skewed by the odd expensive month, but won’t reports based on last months spending be highly variable month to month?
If anyone can share their own ideas on this issue I’d be interested to find out. Do the majority of Monzo users really prefer their reports to be based on last months spending as opposed to an average? Cheers!