What do you guys think of a calculator that lets you work out how much it would cost to flex a purchase before you buy it?
For instance, if a hotel costs £245 if i pay now and £278 if i pay when i get there. I would love to open up the monzo app and find out it would cost £269.94 to flex it over 12 months (£22.5 per month) and 258.23 if i pay over 6 months (£43.04 per month).
This would make me much more likly to use flex and save my self money in the long run.
Hey - was on holiday last week
We’ve done a bit of thinking but in all honesty, at this stage not much.
Beyond trends - Something that does get requested a fair bit is a “cost calculator” so you can see (for example) if I make a £100 purchase today what would that look like for my monthly payments over the next 3, 6 or 12 months?
I’m not a designer so this is totally me thinking out loud (no promises) but I’d like a bar chart which shows the next 12 months of Flex payments (+c…
Monzo know it’s wanted but no sign of it yet.
One of the few things Tymit got right was having a purchase calculator right in the app. Surprised Monzo didn’t see that and realise it was an idea worth nicking.
Yes please. Trying to work out what my monthly payments / interest would be if I bought something and flexed it and this would be very handy.
I’ve just built this in google sheets. It’s not perfect, but it gives pretty close approximations.
Somebody eariler was asking about a Flex calculator, so they could work out before a purchase what the options would be if they were to Flex it.
Since the Monzo devs are probably quite busy, I threw some random numbers at google sheets until it looked vaguely useful.
DISCLAIMER : This is not an official Monzo product, and is not endorsed by them in any way It is also APPROXIMATE. It should be pretty close to the correct amounts, But use it only as a general indicator and assistant to see what …