Hi everyone,
So Iām really enjoying the targets feature, while I might not necessarily be saving much money yet, Iām definitely a lot more cognizant of what Iām spending, and the monthly reports are really useful.
I did have one thought, apologies if this has been picked up on other target based threats, but I think what would be useful would be some way of almost āun-targetingā specific items of expenditure.
For example, if I set a budget for the month of Ā£1000, spread across my categories, I donāt want random transactions going through my account to mess around with that. In terms of what I mean by random, letās say one of my friends wires me Ā£50, that I then send on to my girlfriend (because my friend didnāt have my girlfriends bank details and owed her money, plus my gf and I both have Monzo cards ā so itās super easy to do). In my targets, that would count as a Ā£50 expense, and one that Monzo would prompt me to categorise into the various categories, but obviously itās not part of my budgeted spend for the month, itās just part and parcel of moving money through accounts in the easiest way possible. So some way of clicking into that individual expense on my home feed and āremoving from targetsā would be useful, otherwise to cancel it out Iād need to adjust my ātargetā and increase it by Ā£50, otherwise technically my target would have Ā£50 less available to spend for the month ā hope that makes sense.
Similarly, now in the world of Monzo.me and in future bill splitting, while probably way more complex for Monzo to try and implement, I think splitting bills should be treated in a similar way. Letās say I had dinner with 5 mates, the meal comes to Ā£50 and I pick up the tab. If we later split the bill 5 ways, my targets should note a Ā£10 expense for my personal target, not a Ā£50 expense.
Also, probably not the right thread for it, but I had another thought in the future land of split payments. It would be really cool if you could manage a ākittyā through Monzo. Obviously this is on the basis of most people having a Monzo account at this time, but it would be pretty cool to somehow link accounts for a specified time (stag do, sporting occasion where people take turns buying rounds for a big group all day) ā invariably at those things some people end up paying more and some less (frequently on purposeā¦) ā it would also take the faff out of someone owning the kitty and continually collecting cash from people ā everyone just pays on their Monzo cards, and any transactions are evened out at the end of the day.