I don’t usually post but I am a big fan of Monzo and thought I would give my two pence. I love so many of the features that have been/will be added, they really have changed the way I think about my money for the better but I think there is room for refinement.
Now I know Monzo are reluctant (last I heard) about putting in custom categories for fear of over complicating the experience but I think it would actually simplify it because at the moment users can ‘tag’ a purchase. However this has to be done manually (which takes time and assumes I will remember to put the same ‘tag’ as last time) and only shows me purchases with that tag whereas the summary page shows me how much I’ve spent that month on everything with a particular category and not tag!
Firstly, I think the option for custom categories should be buried in the settings to allow ‘power’ users access to the feature without forcing it on all users who might not need it! And I think Monzo could implement this quite simply by just supplying a bunch of category icons and letting the user choose/name kind of like with pots.
Secondly, I think there should be an option for primary and secondary categories. As a ‘power’ user it would be nice to see how much I am spending on my car (Primary) but breaking that down into fuel, insurance and maintenance etc (Secondary).
Clearing up the “feed”:
I think more needs to be done to manage the feed! I’m not sure about other people but this is something I would appreciate a lot.
Firstly, if I’ve been down the pub, I will get multiple feed items from the same place in a short space of time where I have been up to the bar to get another drink. I think if this is the case they should get bunched into one, perhaps with an option to separate items (sort of like android notifications are)
Secondly, please combine all coin jar items into the feed purchase item because otherwise you get two feed items for every purchase. Also i think there should be an option to remove any pot feed items that equate to £0 net change (some people might want it for their records but for me it’s very annoying)
Also on the subject of pots, I think everything should get rounded (Including direct debits and incomes) because otherwise it has to be done manually half the time and automatically the other half and is an inconsistent experience.
Whilst I’m here I think there should be an option for rules for custom pay days. I get paid on the 10th working day and so the date changes from month to month. This isnt the biggest problem for me because I can change it but it would be nice if I didn’t have to.
And something I just thought of, it would be cool if you could automatically export my monthly data into an Excel sheet and possibly email it to me, or something along those lines! (Just an idea)
Sorry if this doesn’t read very well, I wrote it on my phone at work but thank you if you read all my waffling haha