A spending rule that moves any net underspend each month to savings would be great. I’ve been applying this rule manually to my accounts for a few years now and find it really helps.
In general, having more customisable savings rules would be very helpful. I don’t like the IFTTT ones for example - they seem both quite random and to me I feel some of them come with privacy concerns. Ultimately it would be good if dozens could allow the user to establish savings rules that are incentive compatible with wider personal / financial / health goals. For example, I’m sure a lot of people will say they currently spend too much on coffee. So why not introduce a spending rule that means that if people spend less each each on coffee than they had budgeted for then the net underspend gets transferred direct to your savings? There must be plenty of examples like this but since incentive compatibility between bank and customer is a key dozens selling point, the logical next step seems to be to create compatible incentives between a consumer’s finances and their wider behaviour. (And yes, for my day job I’m an economist!)
OK, fairly new to actually using IFTT although have been aware of it for a while. Have set up a couple of rules but as each are for the same amount and are merely labeled as ‘IFTT savings rule’ in spend, it is not clear which rule was triggered. It would be nice if spend quoted the rule, not just IFTT. May not be possible however if you don’t ask … Many thanks. Jeremy