I mainly use my credit cards for spendings. And I use Monzo to manage my money and as my primary bank account.
I have created a pot for my credit card. Every time I make a payment with the credit card I transfer money from my main balance in Monzo to the pot. This I do so I can set aside the money I need for repaying that particular credit card at the end of the month.
But I found out that this doesn’t work well with the budgeting itself. Yesterday I spent £6.99 for a takeaway on my credit card. I then proceeded and moved £6.99 to my credit card pot and changed the category from Transfers to Eating out. Unfortunelty in the budget screen this doesn’t show as Eating Out and my app still says I have spent £0 on Eating Out.
Is there any way to solve this?
Details to reproduce:
- Have a set budget for a category of your choice. 2. Make a transfer from main account to a pot.
- Change the category of the transfer for the desired category.
- Noticed how the category will still show that you have spent £0 on it
iPhone 14 Pro