New Categories (Wallet 4)

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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