Please please please don’t get rid of the “left to spend” chart.
Being able to easily see a real-time, accurate indicator of how much money I’ve spent vs how much I can afford to spend has changed my spending habits and changed my life.
It’s something other traditional banks can’t even dream of (eg transactions still take days (!) to appear in my old bank’s app). It’s one of the features that sold Monzo to me in the first place and it keeps me coming back to the app regularly.
I completely agree that budgeting features need more work - I don’t use detailed budgets at all currently, as the categories don’t match how I want to categorise my spending.
But it feels like “left to spend” became a second class citizen in the redesign and it shouldn’t have. Even without detailed budgets, the “left to spend” bar is extremely helpful.
Before Monzo, I was really struggling with an overspending problem. I was like a frog in a pot of slowly boiling water; ending every month just a little bit further into my overdraft than the month before. This went on for months and months, and I’d slipped into nearly £2k of debt. I couldn’t imagine a way out, couldn’t tell anyone about it, and all my best efforts would only have a temporary effect; I’d keep trying, and keep eventually slipping back into bad habits.
“Left to spend” fixed my debt and changed my life. I could immediately track my spending and challenge myself to make the right choices every day. I repaid all my debt, got better spending habits, and haven’t significantly gone back into debt since.
I can’t imagine banking without Monzo now, and will be your customer for years to come. It’s the “left to spend” graph, more than anything else, that has convinced me of this. Please be gentle with it.