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
- Bar, cafe
- Groceries
- Restaurant, fast-food
- Food & Drinks - Others
Shopping
- Clothes & Shoes
- Drugstore, chemist
- Electronics accessories
- Free time
- Gifts
- Health & Beauty
- Home, Garden
- Jewels, accessories
- Kids
- Pets, animals
- Stationery tools
- Shopping-Others
Housing
- Energy, utilities
- Maintenance, repairs
- Mortgage
- Property insurance
- Rent
- Services
- Housing-Others
Transportation
- Business trips
- Long distance
- Public transport
- Taxi
- Transportation -Others
Vehicle
- Fuel
- Leasing
- Parking
- Rentals
- Vehicle, maintenance
- Vehicle-Others
- Vehicle insurance
Life & Entertainment
- Active sport, fitness
- Alcohol, tobacco
- Books, audio, subscriptions
- Charity, gifts
- Culture, sport events
- Education, development
- Health care, doctor
- Hobbies
- Holiday, trips, hotels
- Life events
- Lottery, gambling
- TV, Streaming
- Wellness, beauty
- Life, Entertainment - Others
Communication, PC
- Internet
- Phone, cell phone
- Postal services
- Software, apps, games
- Communication, PC - Others
Financial expenses
- Advisory
- Aliments
- Charges, Fees
- Fines
- Insurances
- Loan, interests
- Savings
- Taxes
- Financial expenses - Others
Investments
- Collections
- Financial investments
- Realty
- Vehicles, chattels
- Investments - Others
Income
- Aliments
- Checks, coupons
- Dues & grants
- Gifts
- Interest, dividends
- Lending, renting
- Lottery, gambling
- Refunds (tax, purchase)
- Rental income
- Sale
- Wage, invoices
- Income - Others
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 subcategories. 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 >> Select subcategory >> Click on the plus sign (+) >> Type description >> Click on the check mark to Save
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.
Read some of our most frequently asked questions and learn more about why we changed categories.
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