Agree with Chun. I’m paid 4-weekly like a lot of public sector friends/colleagues. It’d be useful to be choose between monthly or 4 weekly pay periods. Quite a few web budgeting tools have an option for this.
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Have you guys looked any more at pay dates? I get paid on the 24th of each month… if that falls on the weekend I get paid the last working day before… so for this month I was paid today… here is where my problem starts…
Summery still thinks I have 2 days left until payday… which is wrong, however, if I go to change my payday to today… it then wants to run from 22nd - 21st which again is wrong as next month I will be paid on the 24th?
How can I fix this? Or is it something your still working on?
Thanks mate
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That’s still a work in progress. Handling that sort of ‘weekend interruption’ of a monthly schedule is on the plan.
I changed the month start last month for this reason but it does mean that the summary is currently running one day early for this month.
Please could we have the option to switch back to calendar months for summary?
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sorry to say Im getting more and more disillusioned with summary , last month in the feed I had two pots , this month in the summary feed I don’t have any pots , but I know Ive got pots - two of them , still in my account section , but not in my summary section this month ???
not being able to set a custom date for budgeting seems daft to me, its all very well categorising an incoming deposit - some of them anyway , others not so much - as the start date of your budget period, if I want to set myself a budget, I want to be able to set a date from and to whatever date I want to choose, that will then be my budget period, which doesnt necessarily follow my income / salary / period. Some people are paid weekly, every two weeks , 12 monthly periods , last friday of the month etc etc , by not being able to custom set these periods the summary is useless 
Being able to only set off some payments coming into your account against category expenditure also completely skews your summary figures ???
edit - finally figured out why I haven’t got any pots under the POTS heading (is this good Ux ??? ) - I haven’t paid any money from / to pots - its not what I actually have in POTS - its all a bit too confusing for me - I seem to need a booklet for what the actual feed items are in the summary section and what it means , relates to etc - sorry for me it aint intuitive , Im left scratching my head as to what Im being shown
- why am I being asked to create a pot in the summary section of POTS ??? just seems to be we have a bit of space here lets put a create pot option - ITS A SUMMARY of income expenditure and account balance - i would assume pots are part of your summary balance but get no mention as far as I can tell apart from when you move money in or out of them - just confused
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I feel the custom start date limitations are a design choice to get people to move their salary over to Monzo. Whilst I’m not totally against directing people through design, I still don’t have my salary paid into Monzo (because Monzo doesn’t have any automated budgeting tools yet) and I had to wait until 20th to transfer enough across to allow a custom date - then transfer it back. Seemed pointless to wait a month to transfer £200 on payday, then send it back so that it doesn’t defeat my way of budgeting, when there should just be an option to pick a custom start date to start whenever you like. If I had forgotten to do it on payday last week I would have had to wait a whole month to try again.
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I believe Pots are only visible if there were any transections to or from those to main account in any given month.
If you didn’t move any money this month from or to Pots they will not be shown.
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Im in exactly the same boat - I don’t have a regular salary on a regular date coming in - do I wait until the 1st of the month to quickly hit the Lloyds transfer in button , if I remember , if I miss that date do I leave it as the initial woo hoo date of enabling summary from an incoming payment feed item that has no relevance to me whatsoever apart from the initial excitement of this will be great catergorising a specific date ???
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thanks - I now have fathomed that out - for me a summary is
- what income Ive got
- what Ive spent against my targets relative to the dates I want to set myself targets for
- what bills have / are going out
- what I have in my account
it goes back to the old discussion of what is and isn’t your balance - maybe Im not seeing the bigger picture of what Pots will be used for in future and so aren’t included in the summary of your finances this month because you haven’t touched them ???
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I agree and in its current form it’s pretty useless for me too. I have stopped looking at it. Monzo is not my main account and I feel like it’s by design for people using Monzo as their primary account. Nothing wrong with that at all though just annoying if Monzo account is just for spending day to day.
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I use Monzo for most of my spending month in month out, I was a big advocate of targets enabling you to get control of your financial life knowing at a glance whether you are overspending or not , being warned in app that you were coming up to your target limits , don’t seem to get those any longer ??? - but summary for me is just confusing and quite frankly like yourself I don’t really want to spend 20 minutes figuring out whether something is included or not in my finances , if I can or cant offset an incoming payment against a payment I’ve made because it hasn’t come from another Monzo user - its a credit to my account which should be able to be categorised against a debit and the balance reflected in a target etc etc
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Again I completely agree.
Also think that people who are not actively following Monzo here or on social media could be even more confused. App help section is just too haphazard on Summary explanation, it could do with some screenshots and having all the questions in one place.
On Android searching Target doesn’t bring anything. Again my wife who does not follow Monzo on social media and community wasn’t even aware of Targets. They are just too out of sight.
Building features is great but convincing people to use them is half the job imo. Monzo need to somehow make users aware of the features and how they can actually use them.
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Is a salary meant to be classified separately in the income section or dumped under “Transfers”?
The summary looks a lot more useful than it is, and I’m surprised it’s out of beta with the holes in it.
What gets picked up for regular payments is a bit random. It’s missing Google Play Music, same value for years, not picked up… Plex, same story. Bulb… which could vary but mostly doesn’t and is still committed spending. But NHS, Nation Trust, Water board, council… all get counted. I can’t see the difference here unless they’re working on a fixed database of companies or something .
It makes the whole thing unreliable.
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You’ll soon be able to select/toggle your committed spending/regular payments yourself.
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It still seems weird to have a POTS section, with a line for creating a pot, in the Summary section when I haven’t used any Pots this month. That section’s not really summarising much.
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I think Summary has really good intentions and I like the iterative approach to find the best solution. My feedback at this point:
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Provide the options to use ‘Breakdown’ or ‘Summary’. There is something intrinsically intuitive about Breakdown by category of your spending over a calendar month.
(note: this was always hamstrung on Android as the category cards were so large you had to scroll to see all the spending in one month, and lost the ability to see all categories at a glance) -
‘Summary’ integration with targets/Budgets is too anal. I’m sure some people want to set a target/budget for the amount on groceries to the nearest £5, and want notifications when they are spending too fast on groceries. This is not for me. Setting a budget or target does something to the psyche, where it occupies too much headspace. (‘Don’t go over budget for the month’, ‘slow down spending’, ‘Is my target set at the right value?’ ‘check your spending on x/y/z is on target’)
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I feel I am missing out on insight into how I am spending compared to my normal spending patterns. (because I do not use Budgets/Targets, for the reason above)
Back in the day there was a ‘comparison to average’. This showed a ‘passive’ indication each day if you were spending more or less than normal.
If this were reintroduced per spending category, it would require no decisions by the user like Targets/Budget does, but would provide a ‘nudge’ to users who are spending more or less than they usually are.
e.g. you have spent on average £200 pcm on groceries in the last 6 months. (£6.66 per day). Each day if you don’t spend anything on groceries, your comparison to average would decrease by £6.66. Say at the end of the week, you spend £40, then your comparison to average would go from -£50.00 to -£10.00. Neat!
‘Comparison to average’ provides subtle indication on your spending, with no user decisions required to set a budget which requires managing. Comparison to average need to be revisited.
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Important function this Summary. Not surprising it’s getting the same forum attention as Starling’s home screen.
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Definitely - I still miss this feature. For me it was the easiest way for me to keep track and control my spending.