Category for savings

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Jesse Rademacher

• July 31, 2024 16:46

I want to categorize an item as “savings” but I don’t see a category for it. What category should I use?

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• Official comment

  

  Victor D

  • August 01, 2024 20:22

  Hi Jesse -

   

  Thanks for posting to the NerdWallet Community Forum!

   

  Savings occurs in your monthly NerdWallet budget if you spend less money than you earn during that month. Simply transferring money into a savings account doesn't indicate that money was saved. Also, the funds in a savings account are designated as savings by the account type. 

   

  Best regards,

  Victor

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