I just installed the update on iOS and got the “budget” feature this way. Now I’m asking myself: how would you want to use that? I can’t figure out how this is useful. You create a budget and then what? What’s that budget for? Just to control that you don’t spend too much in general?
Maybe I’m too much influenced by using YNAB for some years now.
I agree that budget based on categories would make much more sense. On the other hand the currency budget is useful for me as well but I wish I could set it on a week and not just a month.
I like that revolut added the budget feature.
But it would be really nice to create budgets for categories because a global budget for my complete account is not working in my case.
One more thing: It would be nice if Revolut would know about recurring payments and automatically subtract them from my budget. Until now, such things don’t integrate will with the feature…
If this evolves into something useful this can be great. Absolutely disappointed that N26 still can’t do even this half-implementation that Revolut pushed. Even though it is certainly useless right now, I like the direction.
@Manaburner do you use nYNAB? Considering they still can’t import bank transactions automatically from any European Banks in Austria/Germany I’m still on my aging YNAB and hoping it won’t fail me until I get a replacement… :-/
@gpoul I’ve been using nYNAB for over a year now and really like it. Even if they were offering to import the bank transactions, I still would not want to use that. Yes, it’s annoying to enter the stuff manually some times, but it’s doable.