How do I know where to categorize something?

**This article is for members of the Million Dollar Year and Wealth Building Accelerator.

Think about where you are going to get the most meaningful information from it. When you look at all your categories, what makes the most sense to you? Remember you can make custom categories if you need to. "Kids" for example, can have things that fall under both needs and wants, so you can make a custom category for both needs and wants. Take a look at the examples provided for you in the Categories Tab of your Financial Dashboard.