• Personal Capital News

Introducing Custom Categories

July 14, 2017 | Jim Del Favero

Fido’s treats and toys. Jacquie’s college tuition. Mike’s hockey equipment and travel. Florida vacation house remodel. Freelance work.

Sometimes life gets more specific than “miscellaneous.”

You asked, we answered. Introducing our newest feature: Custom categories.

Custom categories allow you to create custom spending categories to gain a better overview of your transactions. This week, we added that feature to Personal Capital’s Web Dashboard, Android and iOS.

Here’s how it works:

 

Step-by-step directions below:

Step 1: Login to your Personal Capital Dashboard. For desktop, click the “Overview” dropdown in the top left corner, then click on “Transactions.” For mobile, tap the Personal Capital logo in the top right corner, then tap on “Transactions.”


Step 2: Select “Category” on one of your recent transactions. At the bottom of the dropdown menu, you’ll now see a new button called “Manage Categories.”

Step 3: In “Manage Categories,” you will find a list of the default categories previously used in your account. In the upper right-hand corner, you will see a “plus sign” button that will allow you to add a category. This is where you can personalize and create your own categories.

For example, you’ve just adopted a new puppy and you can’t help but spoil him. You’ve recently increased your purchases from the local pet store. You can now create a category dedicated to your furry friend’s expenses.


Step 4: Once you have created a new category, you will need to select a transaction type. You can choose between “Income,” “Expense,” or “Transfer.” Keep in mind, transfers do not appear in cash flow or budgeting. They are used to indicate money movement between accounts you have linked on the dashboard.

If you need to edit or remove a category, simply click or tap on the category and either edit the details in the dropdown, or select “Remove” located in the lower left corner. Make sure to click “Done” to save your edits.

If you need to change multiple transactions, we’ve also included a ‘Multi-Edit’ button and a ‘Select All’ checkbox which will put you into multiple edit mode.

You can use the search box to refine your list of transactions; choose to edit multiple transactions; select your new category; select all and mark done to make that change across all your selected transactions.

It’s that easy! Stay tuned for more exciting new product updates coming soon.

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