New Categories in iOS

We are delighted to announce a better way of tracking your money and categorizing your spending. BudgetBakers is employing new machine learning algorithms to sort your records into categories, starting with Wallet's brand new main categories and subcategories.

Now, your recent transactions and all new transactions will be categorized in this new system. Customization will still be possible, but the way it works will be different. Check out our complete list of categories below:

Food & Drinks

  • Groceries
  • Restaurant, fast-food
  • Bar, cafe

Shopping

  • Clothes & shoes
  • Jewels, accessories
  • Health and beauty
  • Kids
  • Home, garden
  • Pets, animals
  • Electronics, accessories
  • Gifts, joy
  • Stationery, tools
  • Free time
  • Drug-store, chemist

Housing

  • Rent
  • Mortgage
  • Energy, utilities
  • Services
  • Maintenance, repairs
  • Property insurance

Transportation

  • Public transport
  • Taxi
  • Long distance
  • Business trips

Vehicle

  • Fuel
  • Parking
  • Vehicle maintenance
  • Rentals
  • Vehicle insurance
  • Leasing

Life & Entertainment

  • Health care, doctor
  • Wellness, beauty
  • Active sport, fitness
  • Culture, sport events
  • Life events
  • Hobbies
  • Books, audio, subscriptions
  • TV, Streaming
  • Holiday, trips, hotels
  • Alcohol, tobacco
  • Lottery, gambling

Communication, PC

  • Phone, cell phone
  • Internet
  • Software, apps, games
  • Postal services

Financial expenses

  • Taxes
  • Insurances
  • Loan, interests
  • Fines
  • Advisory
  • Charges, Fees
  • Child Support

Investments

  • Realty
  • Vehicles, chattels
  • Financial investments
  • Savings
  • Collections

Income

  • Wage, invoices
  • Interests, dividends
  • Sale
  • Rental income
  • Dues & grants
  • Lending, renting
  • Checks, coupons
  • Lottery, gambling
  • Refunds (tax, purchase)
  • Child support
  • Gifts

Others

 

Please note: It is not possible to add, edit, rearrange or delete the default main categories.

 

What are categories and how do I use them?

Categories are labels that help you see how much you’re spending on particular items, such as rent, groceries, or entertainment. When you make a transaction, add a record in Wallet and assign a category that makes sense. Categorizing your spending helps you see where your money goes and make the necessary adjustments to achieve your goals.     

 

How can I add, edit, delete, or rearrange Wallet's default categories?

Unfortunately, it is not possible to add, edit, delete or rearrange any of Wallet's pre-existing Main categories. However you can hide and rename Wallet's sub categories. You also have the ability to create your own custom subcategory.

 

How do I add a custom subcategory?

Creating your own custom subcategory is simple. To create your own custom subcategory go to Settings >> Categories >> Select main category  >> Click on the Edit sign that appears to the right of the subcategory description >> Click on + Add subcategory >> Type description >> Click on Done at the top right corner of the screen to save your custom subcategory.

For more detailed information, please read our article on how to create a custom subcategory.

 

What happened to my categories in Wallet 3 and what should I do now?


Your categories were automatically assigned to a new semi-fixed structure. For the categories that we were not able to migrate, you will need to manually assign a category.

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