Labs Feedback: Summary 📊

Account > Your name at the top has a ‘>’ so click that then scroll down to the bottom to see Monzo Labs then select that to turn Summary on?

If you don’t see this use the in app help for further advice?

I’m using Squirrel.me for managing my money. I’m curious to see how well this will play with this feature. I get deposits for bills the day before they are due and I get paid weekly. This would be helpful to make sure I’m not burning through the weekly payments too quickly.

Thanks for this, I’ve found the feature. Regrettably, when I click on it I don’t appear to get any options. I wonder if its because of the imminent launch of v2.0 of the app?

This is what I see:
image

New users are being given summary by default, or at the very least there is some A/B testing going on. They won’t see the option in labs.

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We’re gonna need some new stuff to test! :wink:

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I really like the design of the summary screen but it would be useful if there was an option to set the wheel to represent an overall target (like there used to be) OR your salary ‘left to spend’.

As a student the left to spend wheel is pretty useless at the moment and being able to set a target would make it useful again and also possibly help cater for all the other users with unusual pay schedules without over-complicating the salary stuff.

Sorry if this has already been mentioned elsewhere - this is a pretty big thread!

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liking the summary. However, when I look at the monthly bar charts its a bit odd. I saved money in a holiday pot, moved it out, and then deleted it. the month showed that I have -£500 pounds in there and the bar chart shows positive?

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A killer idea! From the summary screen provide a “sweep” option and the end of the month to put the balance into a nominated pot! :wink::bulb:

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Yeah,I get paid on the 20th of each month so long as it falls on a week day. If it doesn’t I am paid on the first weekday before.

Bit of a downer thinking that it’s likely to be something Monzo can’t work in as I doubt many people will be the same!

This scenario is already promised since it covers most monthly paid people. I’m not so sure about the last Xday of the month though, it depends of the ‘float’ they add in to cover the weekend type variation case.

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I love the idea. But I think the following could be improved;

  • The prompts make little sense. ‘You might run out of money’. Balance = £0.00. I did already!

  • The design is awful. Too many colours!

  • People get paid in different ranges; daily, weekly, monthly, etc. And even then payments change due to a weekend or bank holiday.

  • I kind of miss the old target, I think elements of that previous design worked better.

Hello @Melton

There is a minimum transfer of £200 required. If it’s any less than that you can’t pick it for your monthly start date right now :pensive:

We are continually iterating though!

It may or may not have been mentioned, but the black status bar for targets (Letting you visually see where you are in a catagory relative to your spending) looks like a glitch when it’s black. The rest of monzo is lively and beautifully colored. The black just looks like it hasn’t successfully loaded the color. Even grey would look better, if you want to avoid over doing the colors.
Also, on the dial i would find it useful if you showed the average money per day i have left to spend for tge rest of the month (money in account/ days left) i know i can do it myself - and currently that’s what i do. But i know what, roughly my daily spend should be. So i can correct myself based on that metric. ( this is ofc only useful after bills etc have been taken off)

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So then - now that everyone has Summary, what’s next for Labs?!

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My guess is that summary will stay in labs for a bit longer for us to try out further changes as it’s consistently being improved on.

Always up for new things though :grin:

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By the way -
I know the subject of a watch app keeps coming up but I think that the info displayed in the summary screen would lead itself very well to a screen on the watch app. Being able to glance at your watch and check your financial state without having to pull out phone, navigate to, and open, the Monzo app would be great!

And I’d like to add another vote to showing average money available per day as it gives a good quick indicator of how you are doing.

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I was thinking this the other day too. Would love to be able to quickly check my remaining safe cash for the month and having a screen with the circle on, and then swiping left to reveal more detailed stats from the summary screen, would be perfect for a watch app.

Add a “Pay” screen and you’re good to go - nobody wants a transaction feed on their wrist, do they?

I think maybe I’m missing the point a little bit with using a transfer as the start date.

Suggested alternative. Select change date, a calendar pops up. The user then manually selects all known payment dates. Is this not the obvious solution, solves issues with payments on different dates and different use cases?

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We’re working on a different approach at the moment. We used the transaction as a quick MVP shortcut, but it’s clear it doesn’t work for everyone. Watch this space!

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