Hello fellow Monzo Users - 1st post here
Contrary to some other users in here, I love the Summary graph. I have set a simple budget amount that I try to stick to by the end of the month. The categories also help me realise how and where I spend my money more easily. There’s only one fault in my opinion:
If say, I pay £300 for an accommodation that will be shared between 5 of us. Not everyone uses Monzo so this will be shared by receiving “income” from my friends in different transactions. I will classify both the £300 and separate receipts from my friends to the Holidays category. However, the Summary will only consider the ‘Spends’ in determining the amount spent in the ‘Holiday’ category and in the total for the month - and it will ignore any receipts in the same category.
This means that my total spend would be overstated by £240 in this case. Would be nice to see Monzo looking into this in the future.