I’d like to ask, how is the predicted leftover amount calculated? Does it get more intelligent over time? I haven’t seen anything about how the algorithm works.
I was paid on Friday and had a particularly heavy bank holiday weekend, out Fri/Sat/Sun/Mon . So for a while there it was telling me I was going to run out of money, when I know really I’ll have hundreds leftover. This week, it’s clawed itself back to tell me i will have £100 left or something. It goes up a fair bit every day.
I literally only opted in right before the BH weekend, so I can understand it has no data to work with, but it got me thinking. Say I’ve been opted in for six months. Does it consider my average spend over that six month span? Ie, lets say I’ve spent 4800 over 180 days excluding direct debits, so I spend an average of £25 per day, will it consider that, or does it reset every month so that if I get paid on Friday and spend £200 on Fri/Sat night, it averages that I will spend £100 a day for the rest of the month, until I dilute it with future payments?
Does / will it consider a 5 weekend month vs a 4 weekend month? (naturally, I’ll spend more money if it’s 5).
At the same time, if I make a big purchase at the start of the month, it needs to be factored in somehow. Might be interesting to see something like amount available to spend based on 6month trend, 3m trend, 1m trend.
It’s a nice feature, but unless it improves over time and becomes intelligent enough not to be thrown off by one heavy weekend or a weekend away etc, it’s never going to be a good representation.
I do know I can exclude purchases, but rather than decide how much of a weekend to exclude by myself, I’d like to see some analytics behind it at some point in the future.
The other thing, which was noted in the main post as something to come – I’d like to be able to add subscriptions like Spotify etc to be excluded from spendable balance.
Maybe I’ve got this all wrong so I’d be keen to listen if someone can tell me how it does work!
P.S. Can’t wait for targets on Android so I can use these together!