New category: Personal Development & Health
Problem Statement:
Currently, the Wallet app lacks a specific category to accurately track and manage expenses related to 'Personal Development & Health'. This type of expenditure includes, but is not limited to, health and wellness products, exercise equipment, gym memberships, personal development courses, and wellness retreats. These costs are currently classified under 'Life & Entertainment', which creates confusion and imprecise tracking due to their significant difference from other lifestyle and entertainment costs.
Proposed Solution:
Introduce a new root category named 'Personal Development & Health'. This new category would allow users who allocate a substantial portion of their budget towards personal growth and health-related expenses to manage and track these costs more effectively.
Anticipated Benefits:
Clearer financial tracking: This addition would allow for more accurate financial tracking and budgeting, giving users a comprehensive view of their spending habits.
Improved financial management: By being able to segregate personal development and health expenses, users can have better financial planning and manage their resources more efficiently.
User-Centric: This new category aligns with the modern trend of prioritizing personal health and development. It recognizes the value users place on these areas, thereby enhancing their overall experience with the app.
I am happy to provide further details or clarification if needed. I look forward to the potential consideration and implementation of this feature.
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Clement commented
I agree with you that new categories need to be added.
However, I find it less relevant to lump together personal development, gym memberships, naturopathy for example, and hospitalization costs, medical examinations, treatments for serious illnesses etc ...