Honestly this thread has been amazing so far - continues to show how important the Community is as a source of insight and product development ![]()
I’m sharing all the responses with the team directly working on this so more input is welcome ![]()
Honestly this thread has been amazing so far - continues to show how important the Community is as a source of insight and product development ![]()
I’m sharing all the responses with the team directly working on this so more input is welcome ![]()
Just a quick counterpoint: it’s an incentive for Monzo folk to build excellent tools that they’ll want to pay for if they’re not free.
But a counterpoint to my counterpoint: it could be really beneficial for staff not in engineering or management roles / those who are not earning much. Free Plus for all customer support folk!
This is more a company ethos point, but I’d love Monzo to publish and promote their ratio of highest paid to median salary / lowest paid workers. And work to narrow that gap.
It’s a difficult message for execs, but some of them need to look themselves in the eye and ask if they’re really worth that salary, especially compared to the lowest earners in their company.
Predicting a huge return to the office come autumn, as people weigh off travel costs versus heating their homes during the day. Whilst people may have got used to spending less on travel, it hasn’t gone up 3x or 4x since the beginning of the year. Reckon the energy crisis will hasten the return to office–based working, which I predicted would happen in 4/5 years anyway.
Monzo could start the working day later, so people don’t have to pay peak train fares, perhaps, and do a four day week, 80/100/100% if that would help? (80% work hours, 100% productivity for 100% salary)
1% cashback or a raffle where you have the chance to get it free like some banks do.
I’m just here for the Plushie tbh ![]()
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Actually on reviewing bills one massive win for me (and subsequently Monzo!) would be to extend out mobile insurance to family members. Currently I’m paying for plus and separate phone insurance for the t’other ones = £18 per month. If premium covered all phones I could re-join that and save £3 a month.
Every little helps!
You mean Monzonaghts don’t get one like the Noogler hat?
I have a hoody and t-shirt, and a mug.
Happily trade all for a plushie. ![]()
Then again, hoody and tee will be what keeps me warm come winter , ![]()
…and tea? ![]()
What would Monzo-flavoured tea taste like I wonder…
On a monthly basis yes, I suppose a daily or weekly one would be better.
For me my biggest hurdle was the fact that the first week or two after payday I had a larger amount in my account, so it would almost make me spend more thinking I had a lot.
But the last two weeks I was always “skint” and I guess my brain never put two and two together.
The daily budgeting helped because I was consistently fine throughout the month - if anything I was encouraged to try to spend less so that I had more in the coming weeks to actually do stuff with.
I’m sure I’ve set my budget weekly. Though as I’m constantly in my overdraft it doesn’t show me left to spend, instead, a subtle reminder I’m in debt. ![]()
On Monzo? How does your budget look weekly? I wasn’t even aware you could (unless paid weekly maybe).
Personally I still need a daily budget (and use an app for this) but weekly would work for some.
Tap summary, the calendar, and then custom period then reset weekly.
I’m not paid weekly, so wouldn’t work too well for that, but from a spending point of view it monitors and tells me when I do spend, I’ve reached my budget.
Also supports 4 weekly, but not last working day which some strive for. Not sure if there’s some complexity around that.
Does that change trends as well? I want trends remaining monthly.
If that’s the case then near as much got it, if they added a daily option.
Trends still shows monthly, to cover the full period. Not sure how it would look when it merges to one product (if that’s happening).
Well +1 for that.
Bring daily and I’d think that’d help!
Edit: just tried it.
While I get it; it still puts my entire balance in the middle left to spend, which is slightly different to what I meant. I’d like to see the left to spend be my main balance divided by the number of weeks left in my pay cycle.
I personally feel daily wouldnt balance well for me as this could vary by day.
Weekly gives me a good overall how I did this running week and what I have left until Monday when more funds are added.
One thing my company did (which prompted the question here tbh) has been a change in some soft benefits, plus some cash bonuses for more junior people (and therefore hit harder) in the business
I wonder how companies could crowd source their thinking here.