We've Added Some New Categories

[hugo (Hugo Cornejo)]

So many thanks for all the comments, I’m going to try to answer to the main themes. Please flag if I’m missing something.

@alexs

How do you see Tags fitting into the design alongside Categories? Are they intended to be a substitute for custom categories?

Not so much of a substitute but something that can solve the problem for those that need it, without too much clutter for those that don’t.

@Cheryl

To me this is ideal.

Yeah!

@CraigR

Things like reports (totals spent), lists of tags used, select from existing/suggest tags when adding them to a transaction, and advanced filter search for transactions.

This is something we have designs for and we’ll probably do, just one step at a time

@anon44204028

it is a shame Monzo omitted the addition of a Charity category

It’s on the list for future improvements, similarly to some sort of “Gifts” category. On the other hand we might solve it via pots, having a place where you can donate directly, giftaid and all that stuff.

@edo1493

We should be able to release custom categories later over the summer.

That’s the beauty of the API integrations. I’m sure third-party apps will be able to deal with certain problems better than Monzo. The same way that Twitter power-users don’t use Twitter apps. Can’t wait to see how you folks solve it.

@ASKendrew

If it’s expected behaviour, then please don’t give us the option to categorise on the payment success screen.

You’re totally right. To give some transparency about why some of those issues happen: There are certain complications with things that we originally thought to be synchronous but in reality are asynchronous. This is not ok, of course, and we should fix it.

@edzieba

As someone in the “without custom categories categories are completely worthless to me” camp, let me give some examples of how my existing budgeting categories are set up. Here’s (some of) the categories an sub categories I use in YNAB 4. You can view all major categories as a pie chart , and slicking on one of the segments will drill down to the subcategories.

Do they have a mobile version counterpart?

@garete

Can hiding a category be an option?

What if you hide one by accident? How do we let you make it visible again?

These questions are the core of our approach here. Yes, everything could be an option but not everything can be.

@Theodore

Was it necessary to takeaway ‘Cash’ as a category? Couldn’t you have added the ‘Finances’ category without removing an existing one?

We define Finances as money moving from one place to another when you own both places (it might be a savings account, it might be your wallet in the form of cash). That’s why we’ve merged them.