Transaction Categories

The basics

We have a hierarchy of Groups and Categories to help you organize your transactions and easily track Income, Expenses and Transfers.

In addition to this default list, you can create your own custom Groups and Categories.

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
💸 Interest
💰Business Income

Gifts & Donations

🎗 Charity
🙏 Church
🎁 Gifts

Auto & Transport

🚗 Car Payment
🚃 Public Transportation
⛽️ Gas
🔧 Maintenance
🏢Parking
🚗 Auto Insurance
🚙Ride sharing

Housing

🏠 Mortgage
🏠 Rent
🔨 Home Improvement
🏡 Homeowner Insurance
🏡 Renters Insurance
🌳Lawn & Garden

Bills & Utilities

🗑 Garbage
💧 Water
⚡️ Gas & Electric
🌐 TV & Internet
📱Phone

Food & Dining

🍏Groceries
🍽Restaurants & Bars
☕️Coffee Shops

Travel & Lifestyle

🏝Travel & Vacation
🎥Entertainment & Recreation
👑 Personal Care
🐶 Pet Care
😜 Fun Money
🗓Subscriptions

Shopping

🛍Shopping
👕 Clothing
🪑 Furniture & Housewares
🖥Computer & Electronics

Kids

📚Kids Education
👶 Child Care
⚽️Kids Activities

Education

🎓Student Loans
🏫Tuition
📚Books & Supplies

Health & Wellness

💊 Medical
🦷Dentist
💪 Gym
🏥 Health Insurance

Financial

📄 Life Insurance
💰Loan Repayment
🏦 Financial Fees
💳Credit Card Payment
🏧Cash & ATM

Other

❓ Uncategorized
💸Check
💲Miscellaneous

Transfers

🔁 Transfer

Business

📣Advertising & Promotion
📞Business Utilities & Communication
💵Employee Wages & Contract Labor
🍴Business Travel & Meals
🚖Business Auto Expenses
📁Business Insurance
🗄Legal & Professional
📎Office Supplies & Expenses
🏢Office Rent

Taxes

🏦Federal Income Tax
🏦State Income Tax
🏦Property Tax

Tips and Tricks

1. Credit Card Payment VS Transfers

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.

2. Create your own custom categories and groups

3. Move your categories between groups

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