With my recent switch Starling (I’ve had an account for a while but only recently switched fully) I’ve been carefully categorising all my expenditure and discovered that their categories are fairly limited.
Now I am looking at budgeting apps of which there seem to be many, what they can do and more importantly if I need their level of detail
Would anyone here care to weigh in with what they use and pro’s vs cons?
My daily budgeting is actually very simple:
Joint account - 2 amounts in, less than 8 out
Personal account - 1 ammount in and 5 out
supports almost all my accounts except for Marcus and now Chase
auto categorisation learns quite well from manual changes
custom categories and budgets
can transfer money between my accounts through money dashboard (helpful as it negates the need for card readers with some legacy banks, as well as the need for cryptic saved payees which may be annoying in the age of CoP)
Cons
doesn’t support Marcus or Chase
missing an overall long-term account balance graph - I like graphs.
nutmeg link is currently broken (but no categorisation going on there anyway )
General issues with any of these budgeting apps: They are just too slow to pull through transactions. I find categorisation works best if I can categorise on the same day that the transaction occurs. But these APIs only refresh with quite some delay (actual delay depends on your bank)
I loved the approach DASBudget have taken, though since exiting beta you can’t get it in the U.K. anymore, though you needed a US bank account to play with it anyway. Hoping that one comes here.
Was built by a someone who also works at Monzo in the US.
Saw the topic on here so wanted to post about DASBudget.
Then I read your comment and vaguely remember reading something on the Monzo community about a sale and the service ending? Wasn’t paying much attention.
)