September! It is “back to school” time and, if we’re lucky, we’re getting ourselves all organised and back into a routine … and I don’t mean just the kids or parents.
It may be one of the strangest, and possibly most stressful, returns of recent memory, but I still get something of the “fresh binders, sharp pencils and new shoes” feeling from my youth when September rolls around.
So, I thought it was also time to start sharing some new Dozens tips and guidance here, so I thought I’d ask what you were most interested in hearing?
Selecting an ETF
Completing the Investment Suitability test
The My Money summary
Creating a personal IFTTT savings rule
Updating your Budget in Track
Printing a Statement
Something else (share your suggestion below)
Do select your favourites and I will do what I can to put something together for the favourites, and if you feel you already know some of these, I look forward to hearing your own thoughts and experiences with each.
I have always wanted to know how to use IFTTT (not just with Dozens) and I think the My Money summary screen is currently “hidden” in the app - I have found two ways to get there and one is certainly not user friendly/obvious
You may also want to concentrate on app features which are not going to be affected by the pending/planned app changes.
I have to agree, it’s probably one of the hardest app’s I’ve come across to use. It’s just not logical to someone new. For example the main screen, how much you have, mine says £0, I don’t really use the account, but click on the arrow it says £1.25 saved, click on view more it says £601.25 so there is no simple way to see how much you have in Dozens, without having to break things down.
However it will be interesting to see if the new design makes it any easier.
I do like IFTTT so would use that when they bring in functions like direct debits and so on, I would use the account more.
I really like the My Money screen, although it is a bit hidden.
That said, it doesn’t really work for me at the moment. Even with the best will in the world, I’ll never put everything through Dozens, so for the spend/save/invest journey to work for me, I’d really need to see investments I have elsewhere. I’m open to whether that’s manually added or (and?) through APIs, but I’m really keen to have a more wealth-focused fintech. But it needs to be one that helps me manage my finances outside of its ecosystem.
More generally, is ‘My Money’ (my emphasis) the right phrase? It feels right for spending and saving, but when your cash is tied up in illiquid investments (like crowdfunding!) it feels wrong. Especially if you find a neat way to also show debt (the missing part of my financial life). But this is very much future-facing musing…
thanks Peter - we certainly are considering just those things for the longer term.
Our customers’ Financial Wellness goes beyond just spending, saving, and investing, so we will be looking to help bring this together in some way that is useful. It won’t all happen immediately, but there are definitely some things on the cards and the My Money summary will hopefully be playing a more prominent role
As for pulling in your crowdfunding investment data, that’s an interesting thought as well
Sorry @gt94sss2 I have been trying to get more details on this since the poll.
We started out with IFTTT being very flexible, and I have written 90% of the post to answer this question, BUT …
IFTTT have now changed their business model, so everything will change!
In the past, you could create as many weird and wacky connections as you wanted for yourself, and share these with others. Businesses and individuals would just get creative - so Dozens could create our own and put them in the app, but you as a customer could then do something more personalised for yourself.
Now IFTTT have decided to bring more order to the chaos.
You now have to pay a monthly fee to have more than 3 ‘applets’. However, the options for the logic for these applets are much more powerful. If you are keen enough, then I guess it makes sense.
For most people, however, it will be too much to pay. SO … it is up to businesses like us to create a broader range of possible applets, and maybe create a way to ask for other ones to be set up.
Because of this, Dozens is going to have to completely rework and reprogramme our IFTTT integration - which we are looking forward to, BUT will have to wait until after the upcoming migration to our Visa cards and new system. This means that IFTTT rules may be unavailable from the end of the month for a few weeks or even a couple of months.
In the interim, I will see if we can work on a list of ideas of rules you’d like to have access to, and we will then see what we can build from them.