I have a personal beef with the IFTTT: the very idea of connecting my banking and money to some external bridges/scripts - which often require full access to my gmail accounts etc - feels very wrong to me.
That’s why I’m hoping that Monzo will not rely too much on external plugins like this and instead finish developing its own, internal bulletproof system to do with tagging, rules, smart folders, transaction exports etc.
It’d be a shame if it hasn’t - every crucial personalised system these days, be it an OS file management, itunes playlist, email client, and now hopefully banking - uses rules, smart folders and similar things to streamline what used to be last generation’s manual tedium.
I really hope Monzo won’t shut their door on it, I believe there’s a way to balance that with accessibility, let’s hope they will find that balance.
I hope/think that Monzo will find the right balance. We were talking about smart folders over here, strangely enough. I think something like that would bring a lot of utility naively within the app, but things like integration with Fitbit (e.g. add £1 to a pot for every mile I run) might be best done via something like IFTTT.
To be perfectly honest with you most of the stuff I’ve seen with IFTTT so far are gimmicks though I’m sure it’ll expand with time. That is not to dismiss IFTTT as useless - it’s great when you’re after such tailored extravagance, but I’d never consider them core functionality of a banking/personal finances management served such as Monzo.
Everything I am after falls within the bounds of a strong, core personal finance management so here’s to hoping it’ll not get outsourced to IFTTT-type external tools.
I did this initially as a fun way of weather notification, then realised I was aggressively saving too much (my rainy day pot puts £5 in when raining, instead of taking out).
I tried to lower it to £3, then £2, but my feed was too cluttered from multiple notifications daily and half my balance would be in the pot for context I lived in Manchester where it practically rained every day.