Custom Expense Categories

Back to Expense Log overview

Whenever a new expense is created, parents must assign it to an expense category. Categories determine how expenses will be split between co-parents while also easily grouping related expenses for simpler reporting. 

There are four preset categories in your account that are entirely optional to use: General (50/50), Medical/Dental (50/50), Other (50/50), Personal (100/0). 

You can also set up custom categories to break down expenses based on the percentages of responsibility that you and your co-parent use for different types of expenses. Learn how to create custom categories on the OurFamilyWizard mobile app with this tutorial.

 
Add Category

How to Create a New Custom Category

  1. From the app's main navigation menu, tap the dollar sign or Expense Log icon.
  2. Tap on the “+” add item icon and select Category.
  3. Complete the required fields:
    1. Title: Title for your category
    2. Description: A few words to describe what this category should be used for
    3. My %: Enter your percentage of responsibility for this expense. Your co-parent’s percentage will be automatically calculated based on what you enter.
  4. Tap Done at the top-right corner of your screen. 

Once saved, you and your co-parent will see the category as an option when creating new expenses.

Note: You can edit or delete custom categories that you have created up until they are used when creating an expense. Once a custom category has been associated with an expense, it cannot be edited or deleted.

 

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