Summary - Feedback thread


(Jonathon) #889

I see budgeting in three strands:

  1. My bills - ensuring I have enough for each month, reducing where I can and using tools to help me in the long term to reduce costs
  2. Monthly spending that’s variable - groceries, travel etc - where I should have a maximum amount and try to stick to that or less (the maximum amount being incorporated into bills above)
  3. Everything else - which a daily spend total is useful

This is essentially how I work now - putting all 1 and 2 into a pot and 3 is my remainder. What would be useful is for summary to just do this for me.


(MikeF) #890

OK, for what it’s worth, other than the ‘daily’ thing I’m similar but different at the macro level:

  1. Monthly committed spend (i.e. monthly bills). - I’ve never segregated funds for this so keeping them in my main balance is what I’m used to. I budget from the figure left after accounting for all of these.
  2. Annual committed spend (e.g. insurance, car costs) - A separate savings account manages these mostly with a lump sum deposited on payday. (Pots should look after all of this but they don’t pay me interest)
  3. Everything else - food is in there simply because my wife manages the purchasing and imposition of a budget doesn’t work (by which I mean, she works to an average weekly figure by unspoken agreement rather than by having a debate every week)

So 2 goes into a spate ‘pot’ (or many) but the rest is main account based.


(Elwyn ) #891

Hiya

I’m sure it’s not just me but the Summary tab isn’t really helpful. It’s nice, but, well, it’s out of date.

The reason for this is that I get paid weekly, and so I deal with the majority of my bills weekly.

The Summary page ends up telling me I’m going to run out or I’m not. At the moment I’m apparently going to have some money left over, because we’re approaching the end of the month. But weekly wise, I’m down to half of my available weekly funds. Mostly because I’ve not gone shopping this week. But even so.

I’m sure there are people out there that are also paid fortnightly - I used to be on benefits and they were dealt with every 2 weeks.

So, yeah. Changing the applicable time frame would be nice.


(Steve) #892

Doesn’t work for monthly salary payments either!

They’re working on it though, they’ve already patched it once this month, so hopefully the rest for the features won’t be too far behind!


#893

Perfect


(Oliver strong) #894

Do we know when the following will be fixed? If I purchase an item using my monzo current account 1) I can’t split it with my joint account 2) if I send the money from my joint to my current account it doesn’t update the summary so always looks like I’ve spent more than I actually have. Thanks


(Adam Robertson) #895

If a payment has been marked as ‘Exclude From Summary’, why (when bill splitting that payment) is the money received plonked into my Summary?

Now Summary thinks I’ve spent less than I have done :frowning:


(Matt C) #896

I’ve just done a savings transfer so that I can earn some money the earnings I have that I don’t need to use yet. When I have toggled that I want it to be excluded from summary, it is still saying that I have spent that amount today. Is this how it is supposed to work? I thought it would remove the amount from “spent today”.


(Matt C) #897

And just noticed what looks like another issue - apologies if this has already been covered in the thread. I get paid on 26th of each month, but for some reason my rent/bill standing order is being included in my committed spend for this pay period. Surely it should be showing me how much I have left until I get paid again? Not until the end of the month.


(Alex Sweeting) #898

Im sorry if its been covered before.

I thought the new budget Period would fit with my Payday but it doesn’t.

I get paid on the last working day of the month. This varies depending on weekends obviously. so picking last payment date doesn’t work.

It would be great to have a custom period “Pick last working day” this can exclude bank holidays too.


(Joe) #899

Is this not covered by picking 31st then working day before?


#900

Yep it is :blush: works for me.
would be nice to see “last working day” as a specified option to avoid confusion :blush:


(Timothy Roberts) #901

Hello,

Just seen the latest release to customise Summary. However, my options are monthly or 4 weekly.

My company will be paying me earlier in December on the 14th. So, I have to make this last till 23rd of Jan. Would be cool if the summary could be customised to allow for unusual pay months like December. Would certainly help when you have to make your money go that bit further.


(Jack) #902

You’re in luck, more flexibility is coming to summary in the future. It may be something they are working on currently.


#903

Currently trying to set budget for the month

It isn’t letting me select an exact amount for certain categories :man_shrugging: is there a way around this?

Edit: I’ve solved it, you have to go down to zero then add up to the desired amount , weird


#904

Brief bit of Summary feedback.

Scenario: I don’t have enough money in my account to cover my committed spend.

Before I go overdrawn there’s a helpful note below the Summary wheel telling me how much I’m estimated to be short by.

When I go into the overdraft, I just get a note to tell me how much I’m overdrawn by. This is repeating the info on the home screen and taking away the much more important figure of what the total outstanding committed spend is.

Something to look at in the next iteration, hopefully?