Any chance that Monzo are considering other budgeting methods? The targets we currently have is certainly much better than I’ve seen from other banks. I’d like to be given a choice of budgeting methods if its possible.
I’m a big fan of zero-based budgeting that’s recommended by Dave Ramsey. With targets, if I overspend in one month then it doesn’t necessarily adjust the next month down. With zero-based budgeting I can only allocate and spend what I have.
To date I’ve been using a program called YNAB to do this but its always been a bit of a chore because of having to manually key everything in. Monzo has me excited as everything gets categorised as you’re spending it.