Based on, for example, spare change usage and recurring payments, there should be a better display of feedback when your desired “goal” is expected to be reached.
Also, the spare change saving feature actually encourages usage in order to save money, which seems a bit counter-productive to me. Perhaps there could be a reverse feature: Based on historical spending habits, if you manage to minimize expenditure, the savings should pass automatically to your vault. This probably works against Revolut business model though
For example, if your average restaurant consumption is xxx per month, if next month this is minimized by 20%, the savings should pass to your vault.
Also, split amounts should be better taken into consideration for spending habits.
Actually, personally, it might seem that an approach which encourages savings rather than expenditure is counter-productive for Revolut’s business model, but I would bet that users/customers would appreciate this much more and would make customers more loyal to the platform.
I was about to post the suggestion of having more analytics involved in the vault feature, but a few people already suggested it
Summarised:
Estimated time for reaching goal, based off of spending pattern
Function to encourage users to spend less by adding what you spent less (on a category) compared to last month to your vault.
- Show this months and last months spending and how much you currently would save to the vault (= difference between last and this month)
- Option to choose which categories to include in this