Set Start of Month


(Alex Mayo) #27

I used to get paid on the 13th. Pretty random! :stuck_out_tongue_closed_eyes:


(Marta) #28

I get paid on last working day of the month. It means I can’t set any specific rule, unless Monzo will allow something that fancy… :smiley:


(Bob) #29

I get paid every 4th Wednesday, but my utility bills, mortgage, car and house insurance, council tax and a few other direct debits go out monthly, so like Marta I’m stuffed whatever rule is applied. My cushion is a generous authorised overdraft which only gets abused just before Christmas :gift:


(Elliott Burcham) #34

It would be good to be able to set your pay day in the app so that the month works from pay day to pay day, rather than from beginning of each month.

So from the 28th of April until the 28th of May.
Rather than from 1st of April to the 1st of May.
I think this would make budgeting easier to conceptualise.


(Bobby rathod) #35

I’d like to know what I spend between pay checks as oppose to each month. So I’ve been paid on the 28th April, topped my monza card up and spent a fair bit of cash that weekend. None of that spending is registered in may - so it’s very difficult to see were my spending has actually gone

Would be good to be able to manually move payments into a custom period!


(Alex Sherwood) #36

Hey Bobby, I’ve moved your post here as you’ll see more of the discussion & comments from the Monzo team about this feature earlier in the thread. Here’s the latest update -


#37

This would be awesome for me. I get paid on the 25th and even though the days until I get paid next always change, the amount I get paid doesn’t so budgeting by calendar month is pretty much useless for me. I currently use Google sheets to set a budget but hoping Monzo will automate that for me :laughing:


(Buisson) #38

I spent a few minutes looking for this feature as it would be such a basic thing to have! I budget everything based on when I get paid, not based on the start of the month, so was pretty disappointed not being able to use the insights yet as that’s a feature I was really excited about.
Hopefully Monzo is working on it! Letting us choose a start date shouldn’t be this hard :wink:


#39

Hi Monzo, This addition to the app would be amazing!! I love the card and it’s benefited me a lot but as per all the above contributions to this group, it would be absolutely worthwhile to be able to have a ‘reset’ button or something similar to select our payday as it’ll change each month (if the set pay date lands on a weekend). The above responses had mentioned it was being worked on in Oct 2016 - is this still the case?


(Jake Story) #40

If I could set my ‘month’ to run between the last Friday of the month to the last Friday of next month, it would make things a lot easier :upside_down_face:

Glad it’s not just me who has pondered this.


(Jack Simpson) #41

What would be good is if you could set the months spending target from when you get paid. For instance, if you got paid on the 20th of each month, the targets would reset the following month on the 20th!


(Jack Simpson) #42

What would be good is if you could set the months spending target from when you get paid. For instance, if you got paid on the 20th of each month, the targets would reset the following month on the 20th!


(Jake Burke) #43

As someone who’s not great at managing money, I have found the budgeting features extremely useful so far.

One thing that I would suggest as an improvement, if it’s not possible already, is to be able to choose your own budget periods rather than them being by calendar month.

I for example, get paid on the last working day of the month, which was the 28th last month. This meant that anything I spent that weekend came out of the April budget rather than May so I would like to set my budget periods accordingly.

I look forward to hearing your thoughts!


(Stephanie) #44

Hi there, just to say I would also find it really helpful to be able to set the start of the month as my pay day :pray:t4::sparkles: This is definitely the date that I currently use and is most useful for me to budget around! Finding it very confusing at the moment and off putting having these dates out of sync :wink:


(Katie) #45

Hi there!

I am finding it really difficult to track my spending with monzo while there is only a monthly limit available - which resets at the beginning of the month

Will there be a feature available where we a) set weekly budgets and b) set the start date of the budgets to match pay day?


(Alex Sherwood) #46

Hi Katie :wave:

Yes there will, Hugo gave us a preview of how this’ll look one the current accounts launch & it looks pretty great :heart_eyes:


Spending Periods
Theoretical Design Ideas for Master's Project
(Mark) #47

Another +1 from me! Should be able to set the start of the month to a specific date. So in my case, paid on the 15th - I’d like my months and spending summaries to run from the 15th to the 14th of the next “month”.


(Jessica ) #48

Following on from Molly’s suggestion;

I don’t use the targets due to my payday being on the 21st meaning that I cant track my budgeting on a monthly basis based on my payday. It would be good to be able to set your month tracking based on your allocated start/ end date.

It would also be helpful to have more categories or the ability to create your own categories/ add pictures i.e. pets (I spend a lot on dog food/ fleaing etc).

Thanks :slight_smile:


(Alex Sherwood) #49

Hi Jessica, I’ve moved your post here as there’s a few other users who’ve requested different start dates for targets here & I’ve shared Hugo’s preview for the fix earlier (don’t worry, it’s not always easy to find these posts :slight_smile:)

As for this[quote=“JessicaMary, post:48, topic:1144”]
It would also be helpful to have more categories or the ability to create your own categories/ add pictures i.e. pets (I spend a lot on dog food/ fleaing etc).
[/quote]

Hugo’s explained why we don’t have the option to add custom categories here but watch this space, Monzo should be revealing something that will help to help you keep track of more specific types of spend soon…

I’m hopeful that one of the new categories will a Pets category too but we’ll have to wait & see.


(Brexit Day Is Gonna Be Shamayzing.) #50

My payday is the 21st as well :unamused: