With the iOS widget and instant payment notifications, Monzo is great for keeping track of daily spend on stuff like coffee, lunch, small grocery shops etc. What would be cool is to somehow integrate into Monzo a “diet” option to help save you cash quickly by cutting down on these areas.
It would work by selecting certain criteria:
- Start date, (end date optional)
- How much you want to save
- Monzo will then recommend your daily spending budget given previous spend record, which can be overridden
- You select which categories this applies to: eating out, entertainment…as some categories will be be big weekly or monthly payments.
Then Monzo will give you notifications and visuals to see if you are maintaining your diet and show your gains.