This looks great, particularly excluding transactions from the spending breakdown, a few people have been asking for that. I’d prefer excluding entire categories like saving (if that existed ), but this’ll do for excluding that sort of thing from targets manually.
The new breakdown screen looks nice, I can imagine eventually including Savings accounts in there (like a S&S ISA for example). People shouldn’t really save long-term with Monzo at present due to the negative real return.
Interesting that some categories are now applied like labels alongside other categories - it’d be nice to see this across all categories rather than special-cased - there are many cases where multiple tags might be useful (Family spending on meals for example). This would then of course let you add user defined categories without breaking any of your core assumptions about categorising data automatically. Sad to see no mention of this here (unless I missed it).
The 2 new categories are… underwhelming. I’d hoped to see a bit more progress there, at least excluding categories which are not required by that user. Great to see at least some progress on this though, even if it is not things I’d personally use. Most people with families will have a joint account, something Monzo doesn’t offer, so for me family is not going to be very useful without that as spending goes on the joint card.
As a more top-level point, which ties into your negative feedback from users on that slide - I’d love to see Monzo focus on positive guidance - most targets/goals from Monzo here and other apps tend to focus on nagging users about spending too much on coffee - it’d be nice to invert this and make targets all about goals - saving for a holiday, for a bike, for a deposit for a house, saving for pensions etc, it’d be really great to see a bank encouraging people to focus on saving, not on spending, and positive reinforcement is far more effective than negative feedback, particularly for the people who need this advice most. So I much prefer the idea of reverse targets and think they should be the focus rather than targets.