Yeah, I think categories are smart enough for that. I remember first time I bought something at Co-op it would bill it as Eating Out but once you change it as groceries, any following purchases will go under the new category,
And at the very least it should be able to provide an estimated date range on previous history.
Could we not just mark the pay transaction as salary? And the app could work out the rest lol
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Something to considerā¦ if you exclude a transaction from summary. Should it also then be excluded from the āSpent Todayā figure at the top of the app, including any further spending notifications?
I made a transfer to a savings account of mine. Technically this isnāt money Iāve spent so I excluded it from my summary. But it still shows in the two areas mentioned above.
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I still have the issue of net spend with the new summary lay out. I often pay for group activities and people reimburse me. Unless Iāve missed something I canāt net this off against my spend so it looks like I spend a hell of a lot more than I do.
We have work planned to make this more robust and discoverable, but for the meantime, we have a little band-aid fix in place.
If people pay you back via Monzo, and you categorise the payment (as something other than General) itāll credit that Spending category, reducing your overall spend.
Hope this helps a little whilst we work on a better approach.
Do we know what day this week youāre going to release targets?
Hi Jami, thanks for the response. Yeah that would work just fine. Unfortunately itās not picking up my payment received even though itās categorised entertainment. Also I canāt change the category now, seems frozen. I know itās in development, Iām also on android, so Iāll happily be patient.
Should be setup so that users can manually select āreportingā dates, rather than the app defaulting to the last main income
Does anyone else have a pot showing that they have since deleted?
Hi,
I have managed to have exactly Ā£0 in my account (sad I know) and the app says that I have enough money left to last me another 22 days. Iāve blurred this months spending, but its more than a few hundred so the algorithm may not work when the balance is zero.
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Did you delete it in the month that the summary period that youāre looking at covers or before?
Hey - Deleted Pots are still shown if money moved in or out of them during the month. Am I right in thinking the amount you put into the pot is the same as was removed? That would be why Ā£0 is shown here.
Hey there,
Are you using the newest version of the app? This should be fixed with the newest update.
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Ah, I feel silly now. Thanks. Iāve updated the app and its fixed.
I like these changes so far. It would be more helpful if pots showed the pennies as well as the pounds.
Thank you that explains it.
Mine says I could run out of money this month, but itās hard to figure out why itās saying that. I need to be able to connect better my income, committed expenses, and how Iām currently spending in the other categories.
Right now the āyouāre running outā is determined by calculating how much of your āspending moneyā (income - committed and pots) is left, compared to how much of the month is left.
If you have a lower % of money left than time, Summary thinks you might run out.
This rule is currently a bit too strict, so we plan to add a bit of tolerance to it soon.
For the time-being, If you make a large one-off payment, excluding it will re-adjust your dial accordingly.
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Completely agree with you. Based on algorithm that does not reflect accurately depending on the relation between how youāve spent and how you likely spend. I donāt find this helpful