Categories and groups are how Monarch sorts transactions in order to help you organize your financial transactions by grouping similar expenses, income, and transfers together. They function like folders or envelopes, making it easier to track cash flow, analyze spending, and budget effectively. Monarch has an exhaustive list of default categories, but we recognize that those won't work for everyone! Creating custom categories help you stay organized in a way that makes sense for your spending habits and budgeting lifestyle.
Table of Contents
- Create new custom categories on desktop
- Create new custom categories on mobile
- Create new custom groups on desktop
- Create new custom groups on mobile
Create new custom categories on desktop
- On desktop, navigate to Settings > Categories.
- Locate the Income or Expenses or Transfers group you want to add a custom category to.
- Select Create Category.
- Give the custom category an Icon and Name.
- Confirm the group this custom category should be under.
- Decide if you want to toggle on the Make this category a monthly rollover and Exclude this category from the budget.
Create new custom categories on mobile
- On mobile, navigate to your Icon > Settings > Categories.
- Locate the Income or Expenses or Transfers group you want to add a custom category to.
- Tap the + icon.
- Tap Add a category.
- Give the custom category a Name and Emoji.
- Confirm the Type of category and Group.
- Decide if you want to toggle on the Make this category a monthly rollover and Exclude this category from the budget.
Create new custom groups on desktop
- Navigate to Settings > Categories.
- Decide if you are creating an Income custom group or Expenses custom group.
- Select Create group.
- Give the custom group a Name.
- Decide if you want to budget this group By category or By group.
- You can now drag existing categories into this custom group or create new custom categories for this custom group.
Create new custom groups on mobile
- On mobile, navigate to your Icon > Settings > Categories.
- Locate the Income or Expenses or Transfers group you want to add a custom category to.
- Tap the + icon.
- Tap Add group.
- Give the custom category a Name and Type.
- Decide if you want to budget this group By category or By group.
- You can now drag existing categories into this custom group or create new custom categories for this custom group.