Still McLovin the Current Account.
I find monthly targets slightly less useful than during my pre-paid days. Why? Because I have to manually deduct Standing Orders based on how they’ll impact how much I can spend a month. Particularly as in my case I have two mega Standing Orders coming out on the 25th of each month. It’s only after that date do I have a better picture of how much money I have left to play with for the month.
Perhaps “Pots” will help solve this problem.
Here’s a quick fix idea:
Allow a “Target less Standing Order” tap or swipe action on the “Left” figure on the Spending page. This action displays a “left” amount less any Standing Orders.
Maybe this is similar to a “real feel” temperature on a weather app. While it says I have £2,202 to spend, it’s actually a bit chillier at £502 once my Standing Orders come out later on in the month.
What do you think?
As a side thought, perhaps once Monzo works out what is typically coming out each month it can also include these in the calculation.