Categories

The transaction category defines a class of spending or income. Money has many built-in categories, and it is very important that you assign a category for every transaction. With the help of categories, you can view reports and graphs concerning your spending and income. Your budgets are also based on categories.

Two main types of categories

Many categories contain subcategories. A subcategory is used when you wish to describe a transaction more accurately, e.g., your spending categorized as "Automobile" might have subcategories like oil, gas, new wheel, or new engine. You can add or remove subcategories as you go.

When you select a category or subcategory and click the "+" symbol that appears, a New Transaction sheet opens, with the category/subcategory set to the one you selected.

You can mark the most often used or favorite categories and subcategories with a star. When adding new transactions, you will be able to click the "lightning" icon in the Item Editor to open a quick list of favorite categories, recently added items, and top payees.

Adding a category
  1. In one of the accounts, click the "+" button in the Item Editor or select Action > Add Transaction.
  2. Type a new category in the Category field when configuring the transaction settings. Use a colon to add a subcategory ("Category: Subcategory").
  3. The category will be automatically added to the list of categories.
  4. or
  1. Select Categories in the Manage Bar.
  2. Click the "+" button in the Item Editor or select Action > Add Category. A new category line appears.
  3. Type a name for your category.
  4. If required, mark the new category with a star to add to favorites.
  5. If required, select an existing tax or click on Add Tax to open Money > Preferences > Taxes, and create a new one.
  6. Click on the red arrow to create an expense category or the green one for income category.
  7. If required, add subcategories.
  8. You can double-click the image field or drag pictures from Finder onto it to illustrate each category.
Editing a category
  1. Select the category you want to modify in the Workspace.
  2. Right-click on it and select Edit Category, or simply double-click on its name.
  3. Change the settings.
Deleting a category
  1. Select the category you want to delete in the Workspace.
  2. Right-click it, click the gear button in the Item Editor or open Action, and select Remove Category.