At the top of the app, please have the option to toggle the “safe to spend” money based on your monthly bills.
This feature would take your average income and your average bills + food spend and deduct that number from your income number. It would then hold a running total so show what money is “safe” to spend.
this feature is aimed at people with bad money habits. To stop them overspending or to give the average person an idea of if they can afford something.
It’s all well and good seeing what money I have, but it would be better if I could see what money I was allowed to safely spend!
You can use salary sort and save the sort to replicate it each month.
Monzo probably works best used this way. You can also set budgets and categorise payments but I find that harder to track.
We get paid, everything goes to pots via salary sort or scheduled transfers the next day (bill pots and savings pots). What we’re left with in our current accounts is ours to spend.
It’s very little fuss after the first time.
I don’t know of any bank which can accurately predict all outgoings and tell you what’s “safe” to spend (this magic number you refer to). But bill pots work really well.
The ‘left to spend’ feature is pretty good for this, but it’s often wrong.
It double counts some transfers, i.e. if I put money in a bills pot and then pay a bill from that pot automatically, it counts the money that automatically transfers into the bill pot and the bill. Silly!
It also gets confused and counts some yearly spends (subscriptions etc.) as monthly sometimes. About once every 3 months or so I have to cull a bunch of things it thinks I’m going to spend each month from it’s recurring memory.