Thanks for that. I guess that’s useful for some people.
Now I need to understand why part of the BIG green circle’s outline is bold and part not, and what the unlabeled green, red and grey bar charts mean…
Hey guys,
From my point of view I’m loving the new Summary for two main reasons:
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If I transfer some money to another account of mine, savings for instance, I can now exclude this from my spending breakdown and avoid inflating the monthly overall figure. This removes the biggest barrier I’ve faced when it comes to moving my salary to Monzo.
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If I pay for something, but a friend is going to split the bill, I can now use the payment they send me to balance out the spending category that was associated with the original transaction. For someone who gets a lot from their data and likes to keep their spending analytics as accurate as possible, it’s made bill splitting so much easier, and once again stops erroneously inflating my breakdown.
In regards to what’s to come, it’ll be really helpful when direct debits and subscriptions are incorporated to the Commited Spending category. I know monzo are working on this and I’m really excited to see how it pans out.
The one question I do have relates to historical data. I can only go back and look at my spending for the current month and previous 8. With the old spending tab I had all months available from when I first started using the prepaid card. Will this information be made accessible once again in future?
As always, awesome work here! Much love for everything Monzo are doing!
3 Likes
I’m in the same state. I suspect all we’ll see is a larger carried over figure from this period to next. Adjusting the period start for wobuoations like will be great but I suspect it will handle it OK regardless.
Obviously the income figure will be off between the two months but that seems to be displayed on a month by month basis rather than comparatively so I’m not convinced it will really be obvious anywhere.
Is it important to predict them? Can the user just tag them?
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Hi Monzo - I like the new summary page, however, if you could swipe the pie chart / circle to navigate between months that would be really nice, particularly as I got used to doing that in the previous version.
Oli
4 Likes
Completely agree. DD not showing up in committed spending defeats the object of the ring surely? You can only slow down on the type of spending which comes out of disposable income. I think without this it just looks pretty, but isn’t very useful. Also, custom pay dates is key, as many companies don’t pay on the same day each month.
2 Likes
Instead of trying to predict subscriptions and other bills as Committed Spending, provide the option for users to manually categorise a payment as Committed Spending
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I know a few people really miss this specifically from the old version. My personal opinion is that it was released out of labs a little too soon. It should at least match the previous feature set before being launched. But from what I read it’s going to be better than the old overall target which is a plus 
.
2 Likes
Perhaps I’m a minority but my spending is going to be permanently skewed until monzo can offset incoming standing orders against the outgoing.
I have £1000 go to another account on the day after payday and 2 DDs go out of that account (all to qualify for a promotional interest rate), then the remaining £900 comes back to me by standing order.
The way this works now means my spending is skewed upwards by £1000 and my income is so skewed upwards by £900.
My actual spending is dwarfed by my standing orders to various accounts but it’s all the same money going back and forth, making the summary completely useless to me.
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Categorising and tagging of DDs and SOs! Yes!
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I have to admit I don’t like this feature at the moment.
I pay my money in when I get paid so the dates aren’t correct. The predictions are also inaccurate as I put ££ in pot for regular spending (night out on 26th etc)
I don’t want to pay my salary in direct (and for my mortgage I’m tied into a current account elsewhere) so changing its not an option/ desire right now.
When I set budgets, I ended up turning it off as I did not enjoy AI telling me when I was going to run out of money - and I just don’t like the fact that from now on it will always be inaccurate.
I also preferred the spending tabs as before as much easier to scroll through.
What I would love - is the ability to turn off these feature in its entirety - as with the budget option. Can you potentially add this back in?
Hope this is helpful to you.
3 Likes
+1 on this 
I just want to be able to see how much I’ve spent this month in a neat breakdown (without scrolling for days).
3 Likes
Option to change from a monthly target to a weekly target.
I get paid once a month, which is fine, but im more in control if i give myself a weekly allowance. Prob is that for most of the month monzo will tell me im over buget.
Equally, including some pots would work too as i keep the rest of the months money in one of these. That way i could have less on my card but monzo would still tell me accurately if im on track for the month.
1 Like
Entirely agree!
The items predicted as committed spending should just show up in a list with the ability for the user to agree/disagree (i.e. recategorise) and add other items that they know are coming up.
A lot of us provided feedback saying that monthly being the only salary option was useless. We get paid weekly or bi-weekly, and there’s no way to classify these as salary (even though the reference is “SALARY”).
I’m not too fussed about the bills not showing up under committed spending, even though it renders half of that page useless, but why in the world was this released without a fix for what affects so many of us?
This is the first time I’ve felt like Monzo has provided something of really low quality. I hope this doesn’t set a new standard going forward, I would hate to see more features get pushed that are clearly not ready.
If it was just the “income” vs “salary” label, I wouldn’t care. However, the whole point of the Summary page is to give us an idea of how much we have coming in vs going out, and the Summary page does not do that at the moment. Literally the entire point of the page, and it doesn’t work.
Why was this released before it was ready?
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As a contractor that is paid weekly, the monthly info is about as useful as a chocolate tea pot.
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As a freelancer who gets paid at completely arbritrary times, summary on the whole is pretty useless to me.
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Why do I have these blank areas and not the actual icons? Also why does it show the add salary button when I’ve been having my salary paid in since August last year?
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I’ve just got that on mine too - wonder what’s gone wrong as it was ok yesterday.
I’ve let then know through in app chat.
Same here 
I already have setup SO’s, DD’s & Scheduled Transfers but none of this is being considered as Committed Spending 
1 Like