I think a big one I’ve mentioned before sort of goes with improved analytics is that there is no average income and average monthly spend figure as a total similar ti the bar graphs in analytics just as an average. But think it should be a big one missing.
A new stock graph for net worth, it should be like a stock ticker where every transaction can be seen to impact also there is no x or y axis units big pet peeve of mine.
Signed up to say that the only thing stopping me from switching away from Plum is automated saving.
I’d really like integration into Moneyfarm as well, but I can live without that. The intelligent saving algorithm in Plum has been key to my saving strategy. Once you have an equivalent, I will switch my subscription to Emma.
I think autosave should include a feature where if you are under budget or earn more then you spend at the end of a month it takes this and adds it to a savings pot. I’m not sure if plum does this already
Plum has several gimmicky savings rules, some of which I use as the mood strikes me. I think the basic one simply analyses your current account every month and works out how much money you are likely to need between then and your next pay day. From that, it works out how much money to transfer to your designated savings or investment pot (according to other rules you can set up). This basic algorithm has what I suppose could be called an “aggressiveness” calibration, so you can save more or less each week depending on your preference.
What would really be nice is an option to say “At the end of each pay period, transfer any money in my current account over a buffer of £X (say, £200, but configurable) into a savings pot.” I think this would be helpful for my personal financial discipline; if I get into the headspace of always starting the month with exactly £200 in my current account, plus that month’s salary, the temptation to splurge would be much reduced.
Couldnt agree more, a simple podt pay period could even be a prompt in the app next time you log in saying
“Well done you were £250 under budget this month would you like to save or invest”
Then have 2 sections to type in how much to savings and investment. Click done and it does it for you . Would be even better if EMMA could send the money to accounts that aren’t emma savings pots but i think thats wishful thinking.
One of the biggest ones for me is the Analytics and budgeting in one tab. Exactly like it was before the redesign, it just doesn’t make sense to separate the two when they have very similar layouts and when people use them simultaneously. It is frustrating to constantly switch tabs to actually see the unbudgeted spend.
I tend to disagree I think EMMA has the vast majority of major banks particularly in the uk. You could use the offline accounts feature instead of a shared drive for the same effect but it really is down to the bank to provide a way to read data so if you want more integrations it should be messaging that service to provide an API for things like EMMA to use and then the integration will be added. Once chase gets added for me thats all the accounts I have it would be nice to add trading 212 but thats down to them rather than EMMA.