I do feel that improved budgeting seems to be the obvious next step once Improved Payee Management is sorted (payee management being worked on now).
However, to include Direct Credits and incoming Faster Payments in budgets takes more work then just including those transaction types and “switching on” the ability to exclude those transactions from Summary.
There would need to be one or a combination of the following so that the salary does not automatically dominate Summary every time someone is paid:
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A Salary / Income category, where transactions are automatically excluded from Summary.
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The ability to have recurring exclusions for a certain merchant or for transfers from certain accounts.
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Scheduled income.
Personally, I think all of the above would be useful.
Regarding Monzo’s floundering, I think they’ve actually done loads over the last couple of years. Stuff like Monzo Plus, business accounts and Monzo USA are massive projects.
Also, regarding personal accounts, it definitely seems like there have been fewer consumer-facing improvements recently. However, stuff like Monzo Plus has a load of new features, and there appears to have been a lot of work on backend processes - especially on speeding up and reducing customer support, which was a huge issue at one point but seems to have been improved significantly based on the number of people complaining on the forum recently.