Introducing Custom Categories

in Personal Capital News by

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.

Use our free tools to manage your financial life from one place.

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Jim Del Favero
Head of product for Personal Capital. I spent 17 years at Intuit working on Quicken,, Quicken Online and other direct to consumer financial offerings.
Jim Del Favero

Latest posts by Jim Del Favero (see all)


  1. Garth

    Awesome, maybe we can hope for custom acount groups next???

  2. Zac

    This is fantastic. What I’d love to see is the ability to change the date on transactions.

  3. Steve

    This is great feature but have one question/request.

    Why do positive expenses show up as Income? For example, if I buy $500 of clothes and then return 250. Even though both the 500 debit and the 250 credit are categorized as “Clothes” … the 500 shows up as an expense and the 250 shows up as income.

    This makes no sense and really throws off the cash flow analysis. All expense categories should show up as expense, even if it is a credit. Then in the example above it would show me as having expenses of 250 for clothes (not 500).

    Please consider that change. Personal Capital is a fantastic tool.

    • Jamie Balkin

      Hey Steve – thanks for reaching out! Refunds are categorized as income to offset the initial expense. This should ensure your net cash flow over the period reflects the actual cash in and out of your account. The transactions should accurately display your initial $500 outflow, and then the subsequent inflow of $250 at a later date.

      • Noah H

        That works fine for cashflow analysis but it would be great if budgeting section could also take this into account.

        • Simon

          I agree. I would love to see this in the budgeting section if debit and credits were taken into account. This allows me to compare specific categories on a monthly basis. For example, I could check how much I spent in restaurants monthly, since people generally pay the bill and get paid by via cash, Venmo, PayPal.

  4. Eze C Ogueri III

    This is an awesome enhancement . Now I can start using Personal Capital more for my other accounts. It will be super great if the following enhancements are added.

    1. Increase the number of categories to about 200
    2. Allow for flexibility for users to be also be able to customize the tags to what they need individually
    3. Ability to export to Excel or link or feed to Google sheets. This will really help one to slice and dice and pivot the transactions for other needed analysis.

    Finally if you have a panel of users who can help enhance this please let me know I would be seriously interested being an accountant with many clients I can give suggestions that can help users and clients to mind their finances better.

    • Jamie Balkin

      Thanks for the feedback, Eze. We are always working hard to create the best product for our users.

  5. DanS

    I have an account with PC but really have not been using it to the fullest extent because of the lack of custom categories. Now that my main stumbling block has been addressed. I need to figure out how as a full-time user of PC I would store/access/utilize my 17 years of legacy Quicken data. Switching over would be a huge step for me. I enjoy dazzling my family being able to find quickly how much we spent on something 1/2/5/10 years ago. Will I be able to do the same with PC? Any suggestions on how to think about this and what to do?

  6. Daniel Marsh

    This a great improvement. But don;t stop here. The custom grouping and budgeting tracking as a whole needs more work. And has currently be available in mint for years.

  7. Jordan Bastien

    I’d love to see a higher number of custom categories supported. I created about 20 and then was told I couldn’t create any more. This would be fantastic!

  8. AJP

    Great improvement, but strongly agree with the above….there must be the ability to export to Excel.

    Also, once changing an expense category, will that change for all future transactions? For instance, my local grocer shows as “uncategorized” in PC. Once changed to “grocery”, will that link carry forward for future transactions? Or must I manually change each month? (Again, a great reason for exporting to Excel and other spreadsheet applications.

    • Kristin

      Did you ever find out if this is a feature?

  9. AN

    Any possibility to take this one step further with sub categories? I am using a colon to seperate, but it would be helpful to have that


  10. Stephen

    Another suggestion is allow marking a particular vendor into a particular category. For instance, I created one for Uber, Lyft, Juno, NYC Taxi called Taxi. But each new transaction still gets labeled TRAVEL which I must now manually go an change. Similar to MINT, “always label VENDOR as LABEL” would be very helpful.

    • Anonymous

      This would be amazing. Custom categories waste tons of time, since it doesn’t automatically pick up the transactions that should be placed in them. If this were automated, it’d be amazing, as I could actually make sense of things with little effort.

  11. Rich

    Is it possible to add manual transaction in cash or credit accounts?

  12. Lori

    Yes, please allow the ability to add more custom categories. There was no warning that it was limited and now I’ve used my limit and I’m not sure how I should fix the situation. I guess now I have to go back and categorize things in less detail and hopefully open up more custom categories.

  13. John Wells

    Change Transaction date – I cannot use Personal Capital because budgeting is of utmost importance and gets completely messed up when pay check and mortgage payments post early due to the 1st falling on a weekend / holiday. This happens several times a year and two months’ budgets get messed up each time. Not being able to “move the transaction” to the proper month makes this product useless to me.

  14. Karen Laudone

    Do I have to link my bank? Does the program allow for sub-categories? Does it allow for more than one user? I perform the bookkeeping for my investment properties as well as for my mother-in-law who also owns investment properties. I use Quicken for my own and Clear Checkbook for hers. I love Quicken and I tried keeping 2 Quicken accounts, however, it was too much trouble backing up and restoring from one account to the other. That is why I use Clear Checkbook for her finances. I am not happy with it, however, it needs to be a cloud-based program so that she can access it.

  15. Nyle Arora

    Hi, new user here. How can I split a single transaction listed in my bank account into separate categories? For example, when I get a paid by my company, I’d like to be able to separate that information into the income and the taxes deducted and get the net overall amount that gets deposited in my bank account (this’ll be useful for taxes). However, as of right now, all I think I can do is just have the transaction pulled from bank account that reflects how much was deposited and just change that description/category, but not actually split it into these two separate categories.


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