phildawson
(Sorry, I will have to escalate this.)
22
In my bid to do budgeting between Monzo and Amex I’m using this app which has all these lovely icons to help distinguish between say fuel/electric and using a taxi.
phildawson
(Sorry, I will have to escalate this.)
24
Money Manager.
Downside is it’s pre open-banking so manual entry, and hasn’t been updated in a year so the login to save to Google account is broken. It’s also essentially one budget amount you want to spend that month. So you can enter £1000 and it’ll say total expenses say £400 and show £600 left, but won’t show you’ve got 600 over say 10 days remaining so £60 avg a day to keep from over spending etc
Plus side it’s quick, clean, no ads, and doesn’t contain 95% other crap like Emma, Yolt etc
If I have time I’d love to rebuild it with open banking so I only have to tweak the cats and not enter the amounts. Also be able to set individual category budgets.
I don’t think this one icon is great for transportation in the modern age, so lets develop custom categories
Obviously everyone wants custom categories but thats a huge feature and a seperate one (maybe it’ll come with bruno’s new budgeting…). This is a quick nicety and a nice bit of community engagement.
I do not understand why Monzo have still not allowed custom categories, it is clear that this is what the customers want?
Do Monzo really want their customers moving to other apps (like the one above) to do the basic things that people request?
What happened to Monzo wanting to be everyones ‘financial hub’? Clearly this is not the case if customers have to go outside of Monzo to get what they want.
As much as I like this as a solution long term. I feel there are other things which deserve more development time than this.
An icon can be switched out easy.
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phildawson
(Sorry, I will have to escalate this.)
35
The idea of having custom categories has been around for a couple years now. Back in the day Monzo was chucking out new features all over the place and innovating. In my opinion they have lost this fresh approach and have stagnated, getting too focused on becoming what the legacy banks are.
In the scope of things its not obviously a priority but technically a lot simpler than other things they have been working on. This relatively quick and simple work in allowing custom categorisation would have a massive profit in implementing. Profit in usability not in money. It’s a big payoff.
Pretending they are going to whimsically swap an icon of a car to a train or a bus for three and half million customers because some eco warrior raised the issue who bikes everywhere and that doesn’t represent his lifestyle and a few people on twitter have voted is absolutely nuts.
You’re right, I’m offended they haven’t offered a icon as an option in the vote. And if they’re going for the most used form of transport, it should be a pair of or someone walking .
Even relatively, I don’t think custom categories is a quick and simple feature. The UX challenge is huge. The app example you provided above looks awful to me – too complicated, too fiddly, I’d never use it. I’m not saying it’s bad, just wouldn’t work for me. And that’s the issue, it’s going to take a lot of careful work to design something useful to a wide range of people. And whatever they start with has huge implications for the future and how the app can evolve.
2 Likes
phildawson
(Sorry, I will have to escalate this.)
37
I’m not sure about too fiddly, essentially when you tap on the icon to correct the category you get this.
So instead of that set of fixed categories it shows this instead which is your own custom categories with your own naming. Just add colour and done.
You tap the icon and it sets the transaction to the new category like it does already. This isn’t adding any extra steps or complexity and is what we currently do.
I agree with this, who’s to say that the car isn’t an taxi/uber vehicle or an electric car?
By changing it to a train you’ll just upset a different bunch of people. Trains are not at all popular as there are no stations anywhere near me, so while I’m not precious enough to get upset about it, it wouldn’t fit my demographic
Why it has even been brought up and is being entertained is beyond me, where would it stop?
Can I have a hot air balloon please? I’ve used that as transport more than trains this year?
If it really has to change then the below would be best in my opinion: