It’s a bit of a work-around, but this system works well for us.
Use case : we have a joint monthly budget for all of our discretionary spend (eating out, groceries, etc), plus our own budgets for a couple of categories (clothes, cash).
We both have monzo cards and wanted to be able to track all spending to the appropriate category.
Our solution: Jane’s card account has all the joint category budgets and we both have our own for the personal ones.
Whenever I spend on something which should come off a joint category, I quickly (takes 15 seconds) send her a monzo-me via WhatsApp for that amount, putting the category as the description.
She confirms payment back to me in seconds and her category is ‘charged’ that amount.
Result : very low effort, great real time budgeting.
Works for us.
Could never do that with our Nat west account.
However, looking forward to full joint account in monzo.
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