How can I create a custom category?

The ability to customize your budgeting categories is essential for accurately tracking your spending habits and managing your budget effectively. If a transaction doesn’t fit into one of our existing categories, you have the flexibility to create your own category. Simply select the category type, give it a name, and choose an icon. You can also edit your custom categories anytime, ensuring your budget reflects your unique needs.

Here's how you can create a custom category:

Through the App:

1. Log in to your MoneyWellth account.
2. Go to Budgeting from the bottom navigation menu.
   
   
   
   
3. Tap View All Categories.
   
   
   
   
4. Select the category containing the transaction for which you would like to create a custom category.
5. Tap the transaction. The transaction details will appear. You can also create a custom category from the category selection list. 
6. Tap Custom Categories.
   
   
   
   
7. Tap Add Category. If you've already created a custom category, this is also where you will see your existing custom categories. 
   
   
   
   
8. Create the custom category by selecting the category group (Expenses or Non-Spending), category name, and icon for the category. Tap Save to create your custom category successfully. 
   
   
   
   
9. The last step is to assign your transaction(s) to this custom category. When you recategorize a transaction, your custom category will appear in your category list to choose from. 

Click here to learn how to reassign transactions to a category. 

Through the Website: 

1. Log in to your MoneyWellth account.
2. Go to Budgeting from the left navigation menu.
   
   
   
   
3. Click on View All Categories.
   
   
   
   
4. Select the category containing the transaction for which you would like to create a custom category.
5. Click the transaction. The transaction details will appear. You can also create a custom category from the category selection list. 
6. Click on the create icon next to Custom Categories.
   
   
   
   
7. Click Add Category. If you've already created a custom category, this is also where you will see your existing custom categories. 
   
   
   
   
8. Create the custom category by selecting the category group (Expenses or Non-Spending), category name, and icon for the category. Click Save to create your custom category successfully. 
   
   
   
   
9. The last step is to assign your transaction(s) to this custom category. You will be prompted automatically to update the selected transactions category. Click Update Category to confirm.
   
   
   
   Click here to learn how to reassign other transactions to the new category. 
   
   
10. You will also be asked if you want to set the change of category as a rule for future transactions with the same provider. This means any transactions with the same provider will be automatically assigned to the new custom category. 
    
    
    
    Click here to learn more about the budget category rule.