diff --git a/packages/desktop-client/src/components/settings/Experimental.tsx b/packages/desktop-client/src/components/settings/Experimental.tsx
index 0cd2da83834d222d94a14825e422b38dd4e70d7b..f26f41832652c0b8bb97a909786bac47a74451bb 100644
--- a/packages/desktop-client/src/components/settings/Experimental.tsx
+++ b/packages/desktop-client/src/components/settings/Experimental.tsx
@@ -80,7 +80,7 @@ export function ExperimentalFeatures() {
         expanded ? (
           <View style={{ gap: '1em' }}>
             <FeatureToggle flag="spendingReport">
-              Monthly spending
+              Monthly spending report
             </FeatureToggle>
 
             <ReportBudgetFeature />
diff --git a/upcoming-release-notes/3181.md b/upcoming-release-notes/3181.md
new file mode 100644
index 0000000000000000000000000000000000000000..1353b8f8ba4a54cc74a8380a5c29e0fdc348aece
--- /dev/null
+++ b/upcoming-release-notes/3181.md
@@ -0,0 +1,6 @@
+---
+category: Enhancements
+authors: [TimQuelch]
+---
+
+Update option name of experimental Monthly Spending Report