Set Start of Month 13

[alexs (Alex Sherwood)]

I asked one of the Monzo designers about this recently & it looks like they haven’t decided on a solution yet -

Spending Periods

Yeah, same! It is definitely a problem. In my case, I’m poor at the end of each month, but the “end” is often the 26th/27th, which then gives me four days with my shiny new paycheck to mess up my targets and spending. So it’s certainly in mind, I’m not sure how we will solve it yet, but it’s definitely in mind.

In the meantime, you could try this workaround -

Targets - Custom Timeframes 1

This is a very manual solution but at the end of each month you could increase your current month’s Targets, to cover your additional spend, since payday & then descrease the following month’s Targets to take that spend from your new paycheck into account. That way your performance against Target is always measured against the same benchmark & the category alerts will still work as they should & provide a meaningful insight. Obviously that’s going to be too much hassle for some …