I think it would be cool to create your own personal categories for certain purchases- for example I want to track how much I’m spending on nights out, which goes under entertainment, but I’d like a separate category just for nights out.
I think that would be cool! (Also I really need to control my spending on a night out haha).
Also if this also exists I’m sorry, could you tell me how to do it?
Unfortunately Monzo won’t be adding the option to add custom categories any time soon. They’ve made a deliberate decision to only provide standard categories so that they can share insights with you later on like “users who travel your journey on the train at 8am, rather than 8:30am, save x% per month on transport costs” (by avoiding off peak fares).
Hugo gave a more detailed explanation here -
in the meantime, I add a to my transactions from nights out which you can search for, to see the number of transactions & amount spent, in the Home tab.
Lastly, just to mention, the categories are being reviewed in a couple of months so if there’s any others that you need, it’s worth mentioning them.
hashtags may become too messy, agree
However, when I am trying to check how much I am spending on takeways during my office hours, I am a bit annoyed about Eating Out and Groceries classification-> Pret is classified as Eating out, Starbucks and ITSU as well, and my average bill there is 5 pounds. I naturally just want to put it together as “food on the go” or “lunch at work” category.
Then a proper restaurant can be classified as Eating out, where the bill exceeds 18 pounds, for example.
Perhaps you could change the category for those merchants to Groceries (which is where I put all of my minor, everyday spending) so that you can see the total you’re spending on the more expensive Eating Out purchases?
Once you’ve set the category for a merchant once, Monzo remembers it so you won’t have to keep changing it every time.