When you log an expense, you might be tempted to skip the category field. But those categories are more powerful than you think.
The Power of Categories
Spending Insights When expenses are categorized, you can see exactly where your money goes. Surprised by how much you spend on food? Now you know.
Budget Planning Categories help you set and track budgets. Limit your entertainment spending or increase your savings automatically.
Pattern Recognition Over time, you'll notice patterns. Maybe you spend more on weekends or at the end of the month.
Group Dynamics See how different group members' spending habits compare across categories.
MintiMoney Categories
🍔 Food Restaurants, takeout, coffee shops, and snacks.
🛒 Groceries Supermarket trips and food for home cooking.
🚕 Travel Transportation costs including rides, gas, and parking.
🏠 Rent Housing payments and related fees.
💡 Utilities Electric, water, gas, internet, and phone bills.
📱 Mobile Phone plans and mobile accessories.
🎬 Entertainment Movies, concerts, streaming services, and games.
🏥 Medical Doctor visits, medications, and health-related expenses.
🛍️ Shopping Clothes, electronics, and general purchases.
📚 Education Books, courses, and learning materials.
🧾 Bills Recurring payments and subscriptions.
✈️ Vacation Travel-related expenses for trips and holidays.
Auto-Categorization
MintiMoney's smart categorization suggests categories based on your expense description. Type "pizza" and it suggests Food. Type "Netflix" and it suggests Entertainment.
Custom Categories
If our categories don't fit your needs, you can always add notes or use the description field to track more specific spending.
Using Categories for Better Finances
1. **Review monthly**: Look at your category breakdown each month 2. **Set limits**: If a category seems too high, set a budget 3. **Compare**: How does your spending compare to last month? 4. **Adjust**: Reallocate funds from one category to another
Categories turn random expense data into actionable insights. Start using them today!