The only major bump I would say is the original attempt going quiet for a fair while. The expectation maybe needed to be managed more there as that mystery unrealised staff testing gave people some concerns this go around
Once it was reborn a few months ago it has been very good since
Yep, totally fair and something we deliberately set out to avoid once we decided to rebuild it. Essentially although the result is the same, code-wise this is a separate feature solving the same problem. The original thing we built last year was scrapped and we built this one from scratch.
My salary doesnāt go in on the same dateā¦ I didnāt mention salary in my post so am a little confused as to where thatās come from.
This is what Iām doingā¦
My salary arrives on the last Wednesday of the month. I shove it all into a pot to keep it hidden from my current monthās budget.
The last day of the month I pay myself that salary back.
Iām now setting up all committed spends to come from a pot for neatness so wanted clarification if I can schedule a deposit into this pot on the 1st and be confident all DDs set up for the 1st will run after this pot deposit
I think in that instance you just wouldnāt use this and would continue doing what you did before. Itās a choice over what is more important to you really.
This is a really interesting feature, but it seems a little clumsy to use. Hereās how I think you could make it easier to use:
A user flow that allows you to select from a list of direct debits which ones youād like to be deducted from which pot.
A total, based on the last amount taken, of the total amount that will be taken from each pot (per month)
A way to create a scheduled pot transfer to cover the total amount of all the DDs in each pot.
Right now I have to use a calculator to figure out the total of all the debits for my DD pot and manually create a scheduled pot payment.
As both @SouthseaOne and @Chris7 have pointed out - showing a total amount of bills āpaid from potā is a much needed feature. This is crucial to show how much money you need to put into the pot(s) to cover when they are paid from it/them.
Summary needs to follow this accurately also. I havenāt got my head around how it works or doesnāt work just yet, so Iām tracking with YNAB at the same time to ensure nothing goes awry. After a quick check, it seems to be reacting as it should - but Iāve not had a D/D paid from the pot yet so weāll have to seeā¦
EDIT: Summary doesnāt work properly. Adding an amount to a bills pot to cover bills within it reduces the account amount (obviously, youāve moved it to a āsafe placeā) but Summary still shows the items as a committed spend and therefore deducts them from the left-to-spend. They ARE a committed spend, but the commitment has been covered by the transfer of the amount into the pot so the left-to-spend isnāt correctā¦
This may make Summary quite complex to understand unless Iām missing something simple.
Iāve asked for this internally, and weāve agreed from the start itās a helpful feature.
Especially if you want to check throughout the month where youāre at and if youāre over / under what you need if you want to reprioritise some money for things.
We are looking into this Question, What would you like the total show? Total amount going out that month? or Week? What would it show if you have bills coming out weekly and monthly from the same pot?
Have you thought about doing it? Loosing interest for the sake of having money in one place instead of another is not particularly useful I donāt think. Your money could be working better.
Could it show the total on a monthly basis? I know not perfect but imagine more bills are monthly than weekly or quarterly, so perhaps the most relevant?
And similarly, I know not everyone, but a monthly salary probably the most common too right, so transferring a certain amount each month would seem to be best too?
With these two together, I would expect the monthly account to be calculated as follows:
((weekly bills x 52) + (monthly bills x 12) + (quarterly bills x 4) + etc ) / 12 = monthly amount