So by logical definition, Joint Accounts (which don’t have overdrafts) are now the most legally accurate accounts to have when showing the ‘Left to Spend’/‘available’ funds? [Does this qualify as a question?]
I/we use a Monzo JA exclusively for day-to-day finances. So far, NOT having an O/D has been a major benefit to our credit control and finance planning. And Left-to-Spend is an absolute cornerstone to that (no-additional-credit-available) financial outlook.
Hey all, don’t worry - we’re not testing hiding it for everyone.
When this leaves Labs there’ll still be the choice to show Left to Spend / budget progress on the home tab, this toggle is just a stop-gap solution for people who find the current default behaviour confusing or annoying.
My hope is that we find a solution that is more holistic than just show/hide on home screen, but is rather:
I don’t want an overall budget (so just show my Balance on Home tab and Summary)
I want to use automatic budgeting (our current default behaviour, that isn’t well explained)
I want to set a manual budget (a current option, that isn’t well explained)
One thing that’s been bugging me: if my left to spend figure is negative (ie my committed spend is greater than my balance) it just shows as £0 left. I have to go into Summary to see how much I’m out by. Is not showing the figure on the home screen a deliberate design choice? (Personal preference would be to show the negative amount).
Oh yes! Thank you. This was my biggest complaint about the new design. Having something telling me I’m going to be overdrawn every month (even when I’m not) was frustrating. Glad I can get rid of it now!