This would allow you to budget more effectively when on Holiday and has the potential to greatly improve Travel Reports (only transactions marked with the Holiday toggle would be included in reports).
It would also be great if the name of toggle categorises appeared below the cost of the transaction in the Home feed (like “expenses” does on iOS).
A “Committed Spend” toggle could potentially also be useful as a replacement for the “Bills” category, which would be renamed as the “Household” category.
Creating a “Committed Spend” toggle and renaming the “Bills” category as the “Household” category would have the following benefits:
Simpler and easier categorisation of stuff like a Netflix subscription, which is both “Bills” and “Entertainment”.
Provides the previously requested “Household” category, which still works for things currently categorised as Bills (eg: council tax, water, energy).
Removes the need for the “Repeating payment” toggle currently found in all transactions. If the “Committed Spend” toggle is toggled on for a transaction which isn’t a Direct Debit or bank transfer, the app could bring up the “Create Subscription” flow. This reduces clutter on the transaction details screen.
NB: I’ve put this as a comment so it doesn’t distract from the previous post, but it is a related idea.
I’ve finally persuaded my work to give me £600 cash to cover expenses which I then keep topped up by submitting a claim through concur each month.
Thats after Two months of bounced direct debits - my expenses weren’t paid on time and I didn’t manage my money in anticipation of them Being there. cest la vie.
I’m getting myself ready for a mortgage Application and really need a way to identify work spend and my personal spend. I look like I eat out a lot but I don’t it’s just travelling with work and working from coffee shops in between meetings.
I get paid my salary and expenses into my Monzo account at the moment - I could use my revolut card again to manage all work spend but I’d rather not.
I’m dyslexic and dyspraxic so having everything in one place really helps.
could you tag all your work related transactions with #work? That way you can search for that at the end of every month
Keep the expenses money in a pot and transfer out the amount to cover the work expense after every work transaction. Then you can clearly see how much you are using and what you have left
That’s a good idea. It would be good if I could also #work a days worth of transactions. As I travel a lot.
Otherwise it could be quiet labour intensive on my part. Especially when I’m away for a few days.
Maybe they could incorporate some sort of a work feature which you could switch on and off as you go through the month. All the transactions/ receipts collected during work mode could then collated on expense day.
You could also assign all transactions to the expenses category. Yet again tho that’s a manual process and if you get a coffee during personal time and one during work time it wouldnt know the difference
work toggle would be good. Possibly been suggested before, i’ll have a search
I use the tag #exp1119 for November 2019 etc. Then when you put “exp1119” into the search, it gives a total of all transactions with that tag at the bottom of the page so you can easily see the total expenses for each month…