Review my account balance
I would like to review the evolution of my account balance.
We have reviewed this idea in the past, but didn’t found it very insightful.
In most cases, a similar insight reveals a repeating shark fin pattern. On Payday, you typically see a big spike… and the rest of the month is a slower curve down.
We are looking for input when/how this would be insightful.
What about a similar graph to this one: https://n26.com/en-eu/blog/take-control-of-spending-with-n26-statistics
It basically shows the progression of your expenses in the current and gives a 3-month average.
It could help with saving money because you always now if you're spending more or less than your average.
Ward Pennemans commented
It would be great to see some type of graph that shows balance trends of the account. This could be inclusive of comparison (x% higher / lower) to previous period (year, month, etc)
You should be able to click on the graph to see the spend on that day. For example when you see a big drop you like to check what's going on
Jan Hoste commented
I agree this feature would not be useful to the large public.
For me it would be very helpfull for two reasons (which may indeed be insufficient to include in the app)
1) I want to figure out what my asset allocation was at a certain time in the past. Knowing how much money there was on a certain account on a certain time is important for being able to do that. (Total worth and the ratios between accounts per timestamp)
2) I can see the volatility (aka the shark pattern) for a certain account I use as a buffer. This makes it easier for deciding the max cap for that account.
Again, A lot of mentioned features would indeed be more essential to the app.
In general, I start the first day of each month with a comparable balance on my account.
By comparing the balance of my banc account on a given day during the month with the balance of the same day at previous month(s), It gives me more or less a prospective of where I will end up at the end of the month. If I notice my spending behaviour is differing too much (higher) in order to reach the saving goal I have set, I can adjust my spending behaviour accordingly.
Ik zou het heel inzichtelijk vinden als ik kan gaan opzoeken wat er op een bepaalde dag van de maand op mijn rekening stond. Zo kan ik dan bijvoorbeeld checken hoe ik er het laatste jaar voorstond op elke eerste van de maand, om voor mezelf te kunnen nagaan vanaf welk bedrag ik bijv. 100 euro kan sparen. Voor mensen die geen regelmatig loon of regelmatige afbetalingen hebben, geeft dat een beter beeld van wat er nog mogelijk is.
AdminPeter (Head of Product, Cake) commented
I would like to visualize the evolution my bank account over a specific period. The period can be changed to visualize the evolution on a daily, monthly or yearly basis.
This would allow me to preserve history of value of my wallet over time. I want to know how much money I had on my bank account x days/week/months ago. This is something my bank does not provide today.