Rocket Money will automatically categorize your transactions into our predefined categories once you have linked your bank accounts and credit cards to the app. Our algorithms are constantly improving but are not perfect. Sometimes an expense will show up in the wrong category, or you will want to re-categorize an expense. Category Review helps keep your spending organized and your budget accurate by helping you quickly confirm or edit recent transaction categories.
Getting started with Category Review in the Mobile App:
From your Dashboard, scroll down to Recent Transactions
Select Category Review
How Category Review works
When you open the tool, your ten most recent transactions appear one at a time as cards. Each card shows:
Transaction name
Amount
The category Rocket Money assigned
Swipe right if the category looks correct
Swipe left to change the category
When you swipe left, you'll see your category list. Tap the category you want to assign, then move on to the next transaction.
Don’t see Category Review?
The Category Review feature becomes available again after you've made at least ten new transactions.
To manually edit your transaction’s category from the Mobile App:
Navigate to the Transactions tab
Use the search bar to select the transaction you would like to edit
Once your transaction has been selected, tap the category which will be listed below the transaction description
Finally, update to the correct category
If you find that you would like to create categories outside of our default categories, Premium members can create custom categories to be included within their budget.
Creating custom categories is currently available to Premium members.
To create a custom category from the Mobile App:
Tap on the Settings (⚙️) icon in the upper left corner of the Dashboard.
Select Categories and Rules
Next, tap New Category
From there, type in the category name you'd like to set and choose an icon and color to correspond to that category. At this time you can also select if you want this category to be included in your spend or income.
After that, select the Category group (Expenses, Earnings, Ignored)
Finally, select Save.
To create a custom category from the Website:
Tap on the Settings (⚙️) icon in the upper left corner of the Dashboard.
Select Categories
Next, tap New Category
From there, type in the category name you'd like to set and choose an icon and color to correspond to that category. At this time you can also select if you want this category to be included in your spend or income.
After that, select the Category group (Expenses, Earnings, Ignored)
Finally, select Save.
Deleting a Custom Category from the Mobile App:
If you wish to remove a custom category from your budget:
Tap on the Settings (⚙️) icon in the upper left corner of the Dashboard.
Select Categories and Rules
Tap on the name of the category you would like to delete.
Finally, tap on Remove Category