Can I change or add a new category in Insights?
Yes, you can change or add new categories in Insights.
Insights automatically assigns transactions to different categories based on the information available about the merchant or retailer – for example, purchases at a supermarket will usually be added to the ‘Groceries’ category.
You can change the category for a transaction if your spending falls into a different category, or the category is incorrect. For example, if you wanted to log a purchase at the supermarket that wasn’t groceries - like clothing or home appliances, or if all transactions for a particular merchant are being assigned to an incorrect category.
You can also add your own category to something that works for you – you can decide if this should apply to all future transactions, or if it’s a one-off.
Here's how it works:
Tap the lightbulb icon to go to your Insights Home
Tap ‘View breakdown’ to see your transactions – this displays your Expenses by default (you can switch between Expenses, Income, or Cashflow to display both)
Scroll down to ‘Relevant transactions’
Tap the transaction with a category you want to change
Click on the category under ‘Recategorisation’
Choose a new category – to create your own, scroll to ‘Add personal category’ and type in the new category name.
Select the new category – by default, this will be applied to all transactions from the same merchant or payee. Untick this option if you only want to change the category for the specific transaction you’re editing.
Good to know:
You can also add a label to a transaction so that you can recognise the payment later – e.g. ‘party decorations’. The label only belongs to that transaction; you can’t apply it to a group of transactions at once.