Real-World Budget Use Cases

[swok1080]

@Anilm3

When I receive a payment on my account and assign it to a specific category, the spent amount is never adjusted. This one is particularly bothering me as it should be relatively easy to implement and would really help get most of the budgeting inaccuracies sorted.

Fully agree with this; in fact I’m fairly certain after the new summary was put in that this is how it worked for a while and then seems to have stopped working. I would say that if you receive an inbound payment (payment from bank, monzo.me or moved from Joint Account) then if you leave the category as “General” it is not included in the summary but if you assign a category then it should offset that months spending.

Edit: checked on the summary working correctly in June and it seems that the difference was actually that monzo.me transfers offset outgoings when they are categorised but JA withdrawals and Other-Monzo bank transfers do not. Added screenshots to the bug:https://community.monzo.com/t/payments-assigned-to-category-arent-reflected-on-budget/46786

I’m also on Android so I’m hoping that this is fixed in the new bill-splitting currently in Labs on iOS.

@Anilm3

Finally one which is not related to bill splitting. When I pay for something using a credit card (or even a different account) because it’s a bigger purchase, I would still like to be able to use the budgeting tool to account for it, maybe it could be solved by adding bills specific to the budgeting tool which don’t appear in any statements…

I’m not sure that everyone would agree with adding items that didn’t actually go through Monzo to the spending summary. I also encounter this situation you’ve described and I workaround it like this (actually for all of my credit card payments):

1. Pay for items on CC
2. Make multiple payments to CC using Monzo card (one for each category of spending I want to assign in Monzo)

This means that my Monzo summary is still reflective of my spending habits but I can benefit from rewards on my CC.

In addition to your list I think the summary needs:

• If you pay for something before a summary period starts (i.e pre-payday) and then receive the split payment from someone else after the summary period starts (i.e. post-payday) that you could choose the summary period to include it in so that looking back at the period in the future would be more reflective of your actual spending.
• Tracking of monies requested in the summary tab in a separate section (like the committed spending section) that are requested either through bill splitting or monzo.me.