Sub-categories for better budget management

What I’d love to see from the categories currently present in the app, is a way to create custom sub-categories under the main ones, eg:

  • Shopping:
    Amazon
    Steam
  • Commute:
    TFL
    Uber
  • Eating out:
    Lunch
    etc.

This would allow a much more practical and better way of tracking monthly spendings and managing budgets.

Thanks in advance and keep us the great work!

2 Likes

Hi, this and custom categories is something thats been discussed at great length here :slightly_smiling_face:

Something personally id need to make summary/budgets work

If you agree then it would be best if someone from the coral crew could merge the threads

3 Likes

Sub-categories feature is very much needed

Custom categories exist for this reason, to allow you to create your own to understand where your money goes.

But that’s different.

I have a Gift category and an Amazon category.

If I buy someone a gift from Amazon where does it go? I’d like it in both, but then that £20 spend becomes £40.

Sub-categories means I could have Gift > Amazon and then the £20 is nested.

2 Likes

I guess I’d just rather a simplistic route.

If I bought a gift from Amazon for £20, it goes down as a gift, not fussed where it was as the overarching category is exactly that.

I agree with this although I can think of another example to help @Revels with their point too.

I recently wanted to see how much I was spending on my car overall, to see if it’s worthwhile getting an electric one yet.

Having ‘Car’ as a parent category would tell me how much I’m spending on tax, insurance, maintenance, petrol etc. But I still want to track things like petrol to make sure I’m on track with my budget.

5 Likes

I connect the dots in my head, and have all those separate IE car, fuel, parking :sweat_smile:

Each to their own though how they visibly prefer.

I do as well to a degree but it would negate the need for me to add them all up :sweat_smile:

I guess you could go one step further and have “duplicate” categories then.

Days out > petrol
Days out > parking

Car > petrol
Car > parking

Then you can get a more holistic view of where all your parking costs are and that you should perhaps catch the train or bus on your days out to save some money.

Ah, I’m far less interested in my spend in that manner.

If I spent £100 in a day out, that’s the end of it. :sweat_smile:

Same goes cinema, if I spend £5 on a ticket and £13 on food, it’s all going £18 on Activities.

Interesting to see how people’s minds run though.

Haha I can see both sides. I think there’s a fine line between effective categorisation and going so granular that you can’t really tell what’s going where - never mind the administration of it all.

Anyways, each to their own I guess :smiley:

2 Likes

Other half is probably aligned with with yours and others views thinking about it as he prefers refined detail to understand.

1 Like

It doesn’t provide the same functionality. Say that I have “holidays” category but I also want to drill down and what I have spent the most money as part of the holiday budget, e.g. flights, hotels, food, etc.

For you.

Holiday spends would just be Holiday spends to me, regardless what it was. I’d never personally want to look back and break it down.

My Drinks category just wouldn’t seem right broken down to Shots and Lager. I’m happy just keeping it at Drinks.

As above. Each to their own.

Regardless of personal preference which I respect, it’s very logical to expect to be able to break down spending under a category, and be able to examine it, especially within a year. I have spent around £10k on holiday last year, and I want to easily understand what part of that got the most spendings. Same goes for house maintinance, bills, etc.

I hope this feature will be added soon.