It would be great to be able to have a feature that declines purchases (not bills or recurring payments ) once you have spent your monthly budget.
The budgets are great, but I always find I go over them. If I could set it to decline purchases like lunch or takeaways if i have already spent my budget on that category. That would be really helpful.
phildawson
(Sorry, I will have to escalate this.)
2
I donât know if many people want to be caught out at the till by having it rejected.
What would be cool is using location detection, send a push message saying youâre over eating out budget entering the food retailers doors. Or even pickup the pattern that youâve repeated visited the same retailer in the time period. âTomorrow take sandwiches instead you canât afford another trip to Eatâ message if you have the Nag toggle on.
Again we come back to the issue of time. With only a hew hundred milliseconds to work with, I donât know that the relevant software systems will have time to retrieve everything from your account, do all the maths, identify the retailer, categorise it and then reply.
Generally, those sorts of operations arenât something youâd want to insert into a time critical software operation like a payment flow.
Post transaction reporting is probably the best you can hope for.
Gotta agree with the others here, especially having your transaction declined in a shop. Surely youâd just move some money over to get out of the embarrassing situation?
Iâve got into the habit of checking my budgets every week just to be sure Iâm on track. This helps me plan for the upcoming weeks until next payday
The budgets are great, but I always find I go over them. If I could set it to decline purchases like lunch or takeaways if i have already spent my budget on that category. That would be really helpful.
Wanting the transaction to be declined feels a bit drastic to me. However, I could see some mileage in the app generating a different sound if youâre over your budget.
Each transaction currently sounds like a cash register. Would it make sense to change it to something that implies a greater sense of urgency/distress if the transaction takes place when the customer is over their budget?
Have to agree with the majority of the above (even if it was possible in the very short time frame) being scolded by not being able to buy things (could be something like a weekly food shop) because you are over is a bit drastic.
Imagine being over by 1p and the transaction declining - youâd be horrified.
I think the answer is to either - increase the budgets so it fits how much you actually have in your account to spend - or tighten your spending if you are continually going over your budget.
Everyone should be periodically checking their banking activity anyway, so just a slight change in habit to check and tweak your budgets will help you to keep a grasp on your spending
I havenât actually set up a budget (donât particularly like the wheels and other bits and pieces) - but I do monitor the categories I spend most on and try and shave off every month when I feel Iâve gone over too much.
2 Likes
phildawson
(Sorry, I will have to escalate this.)
15
Well changing the kerching can already be done. Tempted to swap for permanent Jaws.
I would love this. Not that I donât have tight control over my money, but sometimes Iâm like âwell this will only take me a few ÂŁ over my budgetâ - if it got rejected, it would make me second think it!
I think the location based notification could work (my phone knows when Iâm about 100m from my home, so why not 100m from my favourite sandwich shop?) so as Iâm walking towards a place, I get a 'you are close SANDWICH SHOP, your balance is ÂŁ0.01"?
Aside from that no, please donât decline transactions. And changing the sound isnât enough either, my phone is always on Mute (are YOU THAT PERSON with keyboard clicks on too?!!)
Sounds like a terrible idea. Imagine going on a lunch break to Cafe Nero letâs say. You get your tomato and cheese toastie and chai latte. Yesterdayâs TfL transactions have just quietly cleared in the background, taking you over your budget. The barista takes the steaming toastie out of the oven. You move your card towards the reader and⊠oh no! Declined. What would you do then?