What are Monarch's transaction categories by default?

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

  • Credit card transactions can be categorized differently depending on your use:
    • The "Transfer" category should be used for credit cards that are already connected to Monarch and used for purchases 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

Monarch Money comes pre-loaded with default transaction categories that we think will be useful. See any Categories you don't want? Disable them to turn them invisible (only custom categories may be deleted), and move them to another Group if you want to delete the Group they are in (the following gif shows how it's done). 

delete_group.gif

Deleting Categories

You can delete custom transaction categories from the Manage Categories page on web, but default categories may only be disabled and not deleted. Delete or disable any Categories that you don't want to track separately or aren't relevant to you.

A category named Doctor Reimbursements is shown being deleted with a previous transaction being relabelled to Other Income as a result

 

Default Category List

Income

๐Ÿ’ต Paychecks
๐Ÿ’ธ Interest
๐Ÿ’ฐBusiness Income

Gifts & Donations

๐ŸŽ— Charity
๐Ÿ™ Religious Donations
๐ŸŽ Gifts

Auto & Transport

๐Ÿš— Auto Payment
๐Ÿšƒ Public Transportation
โ›ฝ๏ธ Gas
๐Ÿ”ง Maintenance
๐ŸขParking
๐Ÿš— Auto Insurance
๐Ÿš™ Taxi & Ride Sharing

Housing

๐Ÿ  Mortgage
๐Ÿ  Rent
๐Ÿ”จ Home Improvement
๐Ÿก Homeowner Insurance
๐Ÿก Renters Insurance
๐ŸŒณLawn & Garden

Bills & Utilities

๐Ÿ—‘ Garbage
๐Ÿ’ง Water
โšก๏ธ Gas & Electric
๐ŸŒ TV & Internet
๐Ÿ“ฑPhone

Food & Dining

๐Ÿ Groceries
๐Ÿฝ Restaurants & Bars
โ˜•๏ธ Coffee Shops

Travel & Lifestyle

๐Ÿ Travel & Vacation
๐ŸŽฅ Entertainment & Recreation
๐Ÿ‘‘ Personal
๐Ÿถ Pets
๐Ÿ˜œ Fun Money
๐Ÿ—“ Subscriptions

Shopping

๐Ÿ›Shopping
๐Ÿ‘• Clothing
๐Ÿช‘ Furniture & Housewares
๐Ÿ–ฅComputer & Electronics

Children

๐Ÿ“šChild Education
๐Ÿ‘ถ Child Care
โšฝ๏ธChild Activities

Education

๐ŸŽ“Student Loans
๐ŸซTuition
๐Ÿ“šBooks & Supplies

Health & Wellness

๐Ÿ’Š Medical
๐ŸฆทDentist
๐Ÿ’ช Fitness
๐Ÿฅ Health Insurance

Financial

๐Ÿ“„ Life Insurance
๐Ÿ’ฐLoan Repayment
๐Ÿฆ Financial Fees
๐Ÿง Cash & ATM

Other

โ“ Uncategorized
๐Ÿ’ธ Check
๐Ÿ’ฒMiscellaneous

Transfers

๐Ÿ” Transfer

๐Ÿ’ณ Credit Card Payment

โš–๏ธ Balance Adjustments

Business

๐Ÿ“ฃ Advertising & Promotion
๐Ÿ“ž Business Utilities & Communication
๐Ÿ’ต Employee Wages & Contract Labor
๐ŸดBusiness Travel & Meals
๐Ÿš– Business Auto Expenses
๐Ÿ“ Business Insurance
๐Ÿ—„ Legal & Professional
๐Ÿ“Ž Office Supplies & Expenses
๐Ÿข Office Rent

Taxes

๐Ÿฆ Federal Income Tax
๐Ÿฆ State Income Tax
๐Ÿฆ Property Tax

 

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