Bear in mind it will probably be a good 3-4 weeks until this gets released, particularly as the targets thing is an actual backend functionality change, not just a visual change.
I’m not a TestFlight user anyway so I’ll be waiting much longer than that.
I want that budget functionality badly. This would turn the Mondo card form additional card to MAIN card. Gimme!
A few thoughts on this mega post (and we should definitely have more of these posts by the way!)
1 Navigation update: Dashboard
This looks like a really good change - the buttons are a little bit big at the moment and I think that the pulse graph has been lacking attention given it’s hidden status. I’m wondering how the ‘predicted balance’ feature will change the transaction listing below, however. Obviously, we’re used to the idea that tapping on the graph in the past will take you to that day’s transactions but this won’t be possible with future, yet to be made transactions.
The new header bar is also quite tall, so I’m wondering how you plan on using this as one scrolls down the transaction listing. Will it get shorter so that we can see the normal number of transactions on screen or will the transaction listing be shorter permanently?
2. Navigation update: TabBar
Really happy to see the TabBar getting some more functionality as currently, I don’t use it other than to press the ‘Help’ button (I’m still waiting for friends to join!)
Firstly, yay! This is great. A few questions which I think it would be good to understand. Firstly, how often will budgets reset? The screenshots say ‘this month’ but will it be possible for us to select the date on which the month begins to correspond with our own individual paydays? That’d be really helpful for many.
Secondly, will it be possible to set targets for individual trips? I remember that you have plans to introduce trip reports (Travel reports) at some point in the near future (any word on which release they might be in?) and I think many of us would appreciate the ability to set a target when we head on one of these trips so that we don’t overspend.
Thirdly and finally, just a personal view on the design of the spending screen. Would it be possible for the bars to be coloured from the left hand end (so the colour reflects the money you’ve spent and the neutral grey the money you have left) rather than the current way around?
Looks like a great series of updates to follow @hugo and I can’t wait to see the savings pots functionality as well!
Some great updates @hugo and looking forward to using this. Though it will be far more useful when bills can go through the account/card.
For the targets I would also expect the tracking bar to fill from left to right. If feels more natural. Also with spend this month I would expect to be left with left to spend on the right.
It is not clear in the designs how you would choose which which categories to target. Some are greyed out but not sure how to toggle them? Also do you have an option to disable the All Spending target but still enable a target on groceries?
At the bottom you can choose weekly, monthly or custom. Can these all be used at the same time? So a weekly target and a monthly target.
When you choose custom does this bring up options for what you want the custom timeline to be? For example 15th of every month, last Tuesday/third Wednesday etc. (Amazing how some paydates are created).
Also would this include things like 15th of every month unless a weekend/bank holiday in which case start on the previous working day?
At the moment the targets are for category but if you want to reduce spending on a specific purchase/retailer like Uber you may take take the train instead. These would both be under the transport category and not highlight the Uber target. It would be good to allow targets at retailer level.
Are you able to decline transactions that come under a specific category or specific retailer when a target is met? This could be a user option of a soft or hard target. Soft target you can be warned about but exceed. Hard target allows no further spending without a manual override.
We plan two ways of doing that. One is that you will be able to tap and hold (you can see that working on Apple apps Health and Stocks, it works really nicely). The second way is that we will “ghost” transactions and events to come, for example, if you have a direct debit coming in a week you’ll see it in the graph (this is not going to happen until we’re a full bank, of course).
If we find that’s a problem we’ll give it a solution. For now we’ll go with a static header, compared with the current app the difference is exactly 1 transaction. Keep in mind that we don’t even use a NavBar on the Home screen so we’re already showing more content and less frame than many other apps,
Not sure if we’ll have it on the first iterations but we’ll eventually let you define custom periods. In fact there’s a hidden detail pointing in that direction in the screenshots of this post. Can you find it?
Great timing! I think next week it’s going to kick-off the development of that. The second part of your question I think will need to wait until we explore jars/pots and Targets towards savings.
That’s actually how they work, filling from the right. I know it creates a bit of friction but it let us associate the spending numbers with the bar shape a bit better (all it’s aligned to the right). We’ll try it and iterate with users though.
Mobile Top Up
Set Start of Month 2
You toggle them by pressing the buttons + or -, so yes, you can set a target for just one category or any combination of categories and total spending. I know the screen may look a bit confusing but it’s a solved problem, the moment you start interacting with it you’ll get how it works.
Not for now, we want to keep it simple and check the basics work.
Ideally yes, in terms of UI that’s an old problem that you can see it’s been solved in any decent calendar app but I’m afraid many users wouldn’t even know when are they paid. At some point I hope we’ll be able to track it automatically based on your salary coming in.
We actually designed that, the problem is the overlapping with categories. If you budget £50 for Uber and £50 for Transport what should happen if you spend £50 on Hailo? Should we let you spend on Uber or not?
This kind of problem are very easy to understand for engineers but regular people tend to get really confused about it, so we want to keep it flat. Once we are comfortable with the basic mechanics we’ll explore more powerful stuff.
We thought about it. The problem that always come to my mind is, what happens if you go to a restaurant, you have a nice dinner and when the bill comes we decline the transaction because of a self-imposed target. What if you don’t have signal on your phone to go and quickly correct the Target? It would be terribly embarrassing.
For the time being we think notifications should be enough to inform you but the last call should always be yours, if you want to use your card we shouldn’t stop you
Thanks a lot for the feedback and questions. Please keep it coming
Screenshot labelled 013?
True, it’s also important we get a healthy amount of user testing in before implementing updates like this
Thanks for the response @hugo.
With the toggle I am not sure I explained this correctly. I understand +/- will increase/decrease the target (and assume tapping the amount allows you to input a specific value). But how do you enable/disable a target? It’s this that does not seem clear.
By default are all disabled, they get active the moment you interact with each of the categories. To reset there’s a button on the top left corner
Would it be better to have a disable per item option like a tick box or tapping the category name or something?
Reset would do the trick but you might need to reset everything just for one item you no longer want to target.
Promise that is my last question on targets until we get to use it in the app
Also think it is great that are so open to interaction with its users. I really hope it continues
Actually, one of the initial iterations had an independent reset per category that would appear after you modify the default amount on each category. However, for the time being I prefered to keep it simple.
I thought it was one of those cases where the trade-off of having total control vs the complexity of an “on/off” concept wasn’t probably worth it. Considering that this screen will be used just a few times a month I think it’s more important to make it really easy to use and predictable than over-design stuff to accommodate granular resets. Think about it like a TV remote, every numbered button lets you turn the TV on, but only one turns it off. Does that make sense?
We still need to test it though
Love it hopefully it does not let you go over the limit
That’s a cool idea, thanks!
Might be worth allowing you to long-press on the category in addition - so for users who are really looking to only reset one, they can. But for the average user, simplicity is maintained.
Great stuff, can’t wait for budgeting to go live that’s where you’ll really start to replace a lot of personal finance apps
Fantastic, I hoped would include this as they are many apps popping up to help manage finances like Pariti and CLEO Ai.
Maybe even have an antilogarithm that also tells you future balances would also be great if that isn’t already covered, but also the addition of a “Cash Horde” or " Booty"(Pirate lingo) would also come into play if you could section balances. as well as “Cash Locks” as an additional function.
for instance via categories i.e. transport / food / entertainment
Lets say you are out on an impromptu night and you have a daily cap of £60 if you have the “Cash lock” on your app only lets you spend money on travel and food ( for all those go with the flow types)
But all in all keep up the great work
This all looks awesome guys, well done! Can’t wait to try out targets!