I’ve switched over to Emma following the news that Yolt will be shut down in December.
I’ve been figuring everything out, much of it feels quite intuitive having been a Yolt user for a long time. So far, I’m liking the app, and I think that this community is great.
Apologies if this has been asked before, but I haven’t been able to find anything.
My favourite feature on Yolt is the Predicted Balance. This is calculated taking the total in your current accounts minus debt (credit cards) minus committed spending. It gives me an accurate idea of how much money I have left until pay day. Does Emma have something similar?
The closest thing I can find is the ‘this pay period’ tab. However this isn’t quite the same because it’s based on the budget and I don’t think it takes into account if you add money into your current account, although I might be wrong? Is there a feature like this, and if not, could it be considered?
For example, if I were to book a holiday I would use my credit card which I pay off in full every month (to get the cash back reward), then I would move the equivalent amount of money from my savings account into my current account to cover the credit card spend when it is eventually taken. In Yolt there wouldn’t be any change to my predicted balance, the money has come from my savings and I still have the same amount to play with until the next pay day. But I think in Emma it would look like I’ve over spent on my budget, have I got this right?
I hope this makes sense?