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FinanceBudgeting

Categorize Transactions Prompt

Sort recent transactions into custom categories to track spending.

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Prompt:

I need your help categorizing my financial transactions to better understand my spending patterns. Please sort the transactions I'll provide into clear categories so I can track where my money is going. Please categorize each transaction into one of these spending categories: - Housing (rent, mortgage, property taxes) - Utilities (electric, water, gas, internet, phone) - Groceries - Dining Out/Takeout - Transportation (car payment, gas, public transit, rideshare) - Insurance (health, auto, home, life) - Healthcare (doctor visits, medications, procedures) - Debt Payments (credit cards, loans, student loans) - Subscriptions & Memberships - Entertainment (movies, events, hobbies) - Shopping (clothing, electronics, household items) - Personal Care (haircuts, cosmetics, gym) - Travel & Vacation - Gifts & Donations - Education & Professional Development - Childcare & Children's Expenses - Pet Expenses - Home Maintenance & Improvement - Miscellaneous Here are my recent transactions: [LIST OF TRANSACTIONS WITH DATE, DESCRIPTION, AND AMOUNT] For each transaction, please: 1. Assign it to the most appropriate spending category 2. If a transaction could belong to multiple categories, choose the best fit and explain your reasoning 3. Flag any transactions that seem unclear or might need my input 4. For recurring transactions, note the frequency (weekly, monthly, annual, etc.) After categorizing all transactions, please: 1. Create a summary showing the total spent in each category 2. Calculate what percentage of my total spending went to each category 3. Identify my top 3 spending categories 4. Note any unusual or potentially problematic spending patterns 5. Suggest 2-3 areas where I might be able to reduce spending Thank you for helping me gain better insight into my financial habits!

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