What is a category?

Personal Finance

A category is the label that says what a transaction was for — rent, transport, school fees — as opposed to which account it came out of.

Categories are what make the rest of the module work. A budget caps one category for a month, and the reports group your spending by them, so a transaction left uncategorised is money you cannot later account for.

Keep the list short. Twelve categories you actually use beat forty you have to choose between.

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