Monarch Money has a hierarchy of Groups and Categories to help you organize your transactions and easily track Income, Expenses and Transfers.
In addition to the default list, you can create your own custom Groups and Categories.
Tips and Tricks
- For credit cards that are connected to Monarch, categorize these payments as Transfers so the expenses aren't double counted.
- The "Credit Card" Payment category works best when there is a card not connected to Monarch or when you want to track credit card debt you're paying off.
- Create your own custom categories and groups in web!
- You can move categories to new groups.
Default Categories
Here we see a scroll through of all default categories. Default categories are also posted at the end of this article.
Deleting categories
You can delete transaction categories from the Manage Categories page on web. Remove categories that you don't want to track separately or aren't relevant to you.
Deleting categories is not yet available in the mobile app.

Default Category List
Income 💵 Paychecks |
Gifts & Donations 🎗 Charity |
Auto & Transport 🚗 Car Payment |
Housing 🏠 Mortgage |
Bills & Utilities 🗑 Garbage |
Food & Dining 🍏Groceries |
Travel & Lifestyle 🏝Travel & Vacation |
Shopping 🛍Shopping |
Kids 📚Kids Education |
Education 🎓Student Loans |
Health & Wellness 💊 Medical |
Financial 📄 Life Insurance |
Other ❓ Uncategorized |
Transfers 🔁 Transfer 💳Credit Card Payment ⚖️Balance Adjustments |
Business 📣Advertising & Promotion |
Taxes 🏦Federal Income Tax |