Hi Kyle and welcome!
I moved your post here, where many opinions were already exchanged. We also had some feedback from Hugo in this post, it might be worth reading as it outlines potential future development goals for this functionality:
And, if you have any suggestions from your end, feel free to share it with us!
I’d really like to be able to distinguish in ‘eating out’ if I’m buying lunch or dinner. This helps me see where my eating out budget is for the month - when do I need to take a packed lunch to work etc. Surely the app could split this into 2 categories based on time of day? I’d really really like to be able to create my own categories. Another catergory for me would be vaping, which currently just doesn’t suit any of the existing ones. Thanks
I know this has been talked to death regarding spending categories on the pre paid account but now I’m running Monzo as a current account, I really need a “transfer” or “internal” category for sending money within my own accounts, which may not have made my sense with the pre paid card accounts.
Loved that Monzo alerted me the very second my wages were deposited. It’s such a simple thing but already where Monzo wins over all the other current accounts I’ve had!
I know that custom categories have been mentioned already but Monzo will normally reply to explain that having custom categories is more effort for the user and the app should be something that once setup does the work for you. I completely agree with this! But if we were allowed custom categories, after we put a transaction into that category once, all other transactions from the same company would automatically go into that category, then we’d have a small amount of setup work to do but after a month or so almost all transactions would be categorised automatically in exactly the way we want.
But thanks for the great work Monzo team! The custom categories and Apple Pay features are the only things stopping me from converting solely to Monzo.
I use YNAB (https://www.youneedabudget.com) religiously to track my spending and now that I have the current account preview it would be amazing to be able to use Monzo for the whole lot and skip that step. The categories are good OK at present but without being able to customise them I think they are very restrictive for all but a very small number of users.
Monzo team, please
To expand on @DominicKing’s comment, all that has to be done is keep the standard set of auto categories and then allow you add your own. That way it should not be any extra work for users
Adding my voice to back a ‘custom category’ feature. Would be great to differentiate between picking up coffee on the way to work and having a night out at a restaurant/bar. So, in a nutshell, perhaps add a “Coffee” category?
(I Can't Wait Till Tuesday, Scrap The Graph Day!!!!)