I will pitch you a quick idea and might elaborate later with specifics (my background in development is screaming me to do it but my sleeping schedule is really against it).
I was with my girlfriend here in London but for 12 days I was on annual leave and my plan was to disconnect completely (which sometimes also means becoming a little bit reckless on spending). Two things happened during that time that I thought should be addressed:
- Thing 1:
The normal places to which I go and buy food, as an example, were correctly tagged as “groceries”, based on my previous classifications and the nature of the store (props on that feature working great), but because I set my budget and I want to be able to track properly my expenses, I had to change every single one of them, manually, to “Travel” (suitcase, you get the idea).
A decent workaround, spending targets were saved, but now whenever I go to Sainsbury’s to buy food it goes directly into Orange Suitcase category.
- Thing 2:
In my head, as a Data Analyst (nerd, OFC), every time I made a 50 quid purchase on food I thought “Oh Jeez, I can only imagine how Monzo might interpret this if they refine my expending patterns, everything will be biased HARD”. We do have ways to deal with outliers, and I can completely imagine you have those in place, but I do travel every month to see my girlfriend or for work and things can be harder to decode.
Ok Francesco, I get it, massive problem, what now?
I am glad you asked
What about being able to set up a “Grace period” or “Off period”, so Monzo does not get any weird ideas about my spending during that time, and I get to have more precise tracking.
Let us say I know I would be on some special period for 5 days, I set up start and end dates, now Monzo knows any changes I make are to be taken as “a one-off” and mostly ignore them or classify things differently. More advanced but let us say I want to classify everything during those 5 days in my “holidays” budget for the month, I won’t have to do it manually and I might be able to do a payment request at the end of the period to the peeps that joined me (think of group of friends on a trip).
The last bit was already mentioned in your Bill Split session at the Monzo HQ (old one) but for sure this could make a stronger case for splitting.
Monzo, show me some teeth, you hate it? you like it? what would you do?
If I get some traction might even scope it out myself as a personal project
See you around!