Hi all, nice to finally create my own topic.
Just asking this as I have been Full Monzo for quite some time now. However, I still really struggle to get the budgeting to match what actually happens during a month for me. Especially around the “Left to spend” on the summary screen. I’m always left with more money than my Left to spend says. I’m going to assume this is just me not understanding the screens so I want to ask a few questions and get ideas from other people.
Okay sooooo questions!
1. What does the left to spend actually represent?
It clearly shows my working month between salaries a nice little green circle (most the time). Then inside there’s a number with left to spend. Does this represent my total left to spend in my account? Or how much money I’ll have left over?
2. On the budgeting screen. What does “Excluding your committed spending, what’s the most you want to spend” mean?
In my head, this means how much outside of my budgeted amounts would I like to spend? However, this makes no sense as I’ve catered for all over spends in my budgets. So if I set this to £0 or even £300. It says I will run out of money. Yet I never do. At the moment I’m having to set this to a stupidly high amount on my “total spending”. So that the left to spend actually shows the amount I know is correct (trusty google sheets).
So in summary, please help. I feel like I’m being very stupid with this