What happens when my pay date falls on a weekend, meaning Iāll get paid early? For example I get paid on the 27th, but during May this will switch to the 25th, as the 27th is a Sunday. How will this effect the dial and the up and coming targets?
For now - If you are paid early, you can choose to either ignore it, and let your new month start on the 27th as normal (with your early salary payment being carried over), or you can start a new month from the day you were paid, which will run until the same date next month.
We plan to make this more flexible soon, to better handle being paid early/late.
It also shows me having Ā£0 left, but with a green thumbs up that Iām set to have money left.
This sounds like a bug in our backend systems. Have you just started your month with a balance of 0 and no transactions? Are you using iOS or Android? Cheers!
The pulse graph for me has starting again as 1st of month
Surely needs to be in line with the spending and my payday ?
Apologies if already said
There seems to be a bug on my Spending screen. My first guess is itās related to Monzo Labs although I turned it off since Iām not paid by a salary.
My only expense in May is a Ā£5 charge but Spending shows I already spent Ā£9.5 in total?
Hey, Pulse isnāt currently synced up to your Summary months. This will come in a later update.
Hey - When is your Summary month running from-until? It might be that your targets are looking further back than May 1st?
Um. I bought some stuff on eBay recently and used PayPal linked to Monzo bank account and these have just appeared in my Planned Spending bit.
Odd thing is theyāve appeared as income rather than payment?
I believe these are direct debits tooā¦?
I appear to have been given 71p for free?
I too am having thatā¦ I pay Virgin Media Money Ā£100 a month for my Credit Card but in Summery today it says Iām going to get +Ā£100 from them!
Winnerā¦ or not as the case maybe
Itās kinda odd as it (and I assume yours too) donāt show in the normal home screen.
Unfortunately this is a bug from some related WIP to show upcoming Direct Debits in the feed. Fix on the way!
@Jami A loft of my bills went out on the 1st of the month so this big red summary looks a bit scary but Iāve clearly got money left for the rest of the month:
This is iOS.
I was at the Labs event, and enabled Summary afterwards. Iām pretty sure it showed Ā£0 from the beginning. I then set Payday based on a salary payment on 26 April, and the Ā£0 and green tick persisted.
That said, it looks like someoneās given the backend a tickle since I posted this: I now have a (sobering) prediction!
Some edge case feedback: there are certain standing orders that I donāt want to include! Specifically I send some SOs to my own accounts elsewhere, which send them straight back the day after (hoop to qualify for current account interest elsewhere!). Sometimes less comes back, because some is directed to a linked regular savings account.
Suggestions:
- Either add an option to exclude individual planned payments
- Or (ideally) predict the net transfer to an account as the planned spend
Hey Colin - were those bills all schedule bank transfers, or Direct Debits etc?
We have a few things planned to tackle this issue:
-
Include Direct Debits (and online subscriptions) in the
Committed Spending
section, which automatically removes them from the calculation of the dial -
Tweak the rules of the dial so that it has more tolerance earlier in the month, and doesnāt go orange/red so quickly.
For now, if you exclude the bill payments for this month from Spending, you dial should reflect your āspending moneyā for the month.
Hope this helps!
J
I thinkā¦ I have found another problemā¦ my pay day is 24th-24th and I have set my pay dayā¦
Committed Spending has my SO for Rent in itā¦ all fineā¦ today my SO for my rent went outā¦ am I correct in thinking it should now move from Committed to Spending and thus Committed for the rest of this month should be blank until DDās are integrated? Or is this not how it works?
Thanks
Hey Dan,
This is working as designed. The idea is that scheduled payments stay in Committed Spending
, so you can keep them separate from āday to dayā spending, and understand how much of your money goes to fixed costs, vs more discretionary spending. Anything in Committed Spending
is automatically excluded from the dial calculation, so it doesnāt look like youāve spent all of your money in the first few days paying bills.
Does that make sense?
Ahhhh! Yes it does make senseā¦ ignore me then Thanks mate
@BethS Do you have a Direct Debit that is due out in the next day or so? If so, I think this is a side effect of the bug Dan posted earlier, where tomorrowās DDs are showing up with positive amounts instead of negative.