✅ Custom Category Creation

The below posts were moved here from this topic -

2 Likes

Well said @Rob3 you’re absolutely right IMO.

That was along same lines I was going with this, basic options sit on a main selection menu (as they do now), nice and clean for the user who wants the simple easy experience, then you just begin typing and creating the categories you may want if you want to go further…

Ironically even as I ask for this I think I would personally only have a very few ‘extra’ categories, but I’m sure they’d be pretty unique to me - tracking particular work expense types, or money spent decorating from my decorating pot for example in one month, that sort of thing,

Keeping it nice and clean via an interface that only presents the top 10 you recently use, maintains that nice clean look Monzo do right to try and protect as far as possible, whilst indulging users who love to really begin to manage their spending.

It’s a nice little tension Monzo really have to constantly manage and balance and I think it’s fascinating if they nail it.

Exactly!! And this is what makes me think Monzo’s response isn’t very transparent.

Investment! That’s really important. General or Expenses doesn’t do.

3 Likes

I’m a firm believer in future proofing where possible and using categories up until relatively recently has been a great way to manage and divide money into groups. What happens when the transaction fits into multiple categories? I think many other tech savvy firms have realised that using tags (with or without#) allows powerful search features to work… and here’s the future bit, by doing this it can simplify the integration of Monzo with other finance apps moving forward. Lots of detail to flesh out, but you get the gist. Use tags with or instead of categories. They must be used consistently, spelled correctly etc (master repository of validated tag words that is checked before you add??). Powerful google like search over years of finances would be awesome imho. Great work Monzo!!

Hey! Custom categories aren’t something we’re planning on introducing any time soon.

Whilst it’s over two years old - Hugo’s explanation of the logic behind this decision still holds true

There are plans to add two additional categories in the next month or two though :wink:

Thanks, are you able to advise about what they might be?

Not yet I’m afraid!

Why?

567890

Not sure if this has been covered elsewhere (I assume it must have been, but I just can’t seem to find it…)

Might it be possible to have customisable (or creatable) categories for spending, beyond Transport, Cash, Groceries etc.? I, for one, tend to shovel money out of my Monzo account into a savings account with another bank, since my salary (now) gets paid into my Monzo account. But there isn’t really a good way of categorising this. I was wondering whether there might be a possibility of having categories that can be created – or having the ability to change existing categories. Apologies if this has already been covered…

SW

Thanks for this. In that case, might I just take this opportunity to suggest that a “savings” category would be particualrly helpful to me? Even if it isn’t ultimately something that Monzo decides to go for, it’s nice to feel like I’m being heard, so thanks for taking the time to respond, anyway.

SW

@SWPhilosophy no problem! And thanks for your suggestion - I will update this thread once we can share details :slightly_smiling_face: The new categories are part of a bigger overhaul of the Spending tab and should offer a more holistic overview of your account activity, greater control and visibility.

1 Like

I am new to Monzo community, so apologies if I am getting it wrong. I would like to be able to add more spending categories. Maybe there is already a way, but I haven’t spotted it?

1 Like

There is not a way. However they are reviewing it and may add a couple of new ones.

I was not thinking of fancy automatic categorisation, just ones I could change items to.

1 Like

Lots of interesting details on the redesign of the spending tab (including categories) from Zander’s talk at our Liverpool meetup last week @Liam_W

2 Likes

I like to catch up on these events but often the quality seems really poor. Be good to see some improvements on the video quality! :slight_smile:

1 Like

First time using the card - surprised there’s no “fitness” category given how big the fitness trend is? Is that part of uponimb features?

1 Like

Also there is no “beauty” category which again seems really obvious

@Lucyellen, would the upcoming Personal Care category fit those needs for you? That’s where I’ll be putting my fitness and beauty-based spending :slightly_smiling_face:

You can see this new category in the thread linked below. Unfortunately there are only two new categories coming, it seems :disappointed:

1 Like