It's Aliiiive!
With Auto-Categorization, PFM just grew a mind of its own...


Not familiar with PFM, our online spending habits tool? Click here

One of the reasons people sometimes hesitate to start categorizing their transactions is because of the time investment. If you use your checking account for everything (and who doesn't?), it can take a lot of time to go through all of your transactions and drop each one of them into the right category.

Not Anymore!

Starting today, PFM just grew a mind of its own. Next time you log in to your account, look for the "Automatic Categorization" button. It's right up top of your transaction screen next to the "Categories" link. When you click that link, PFM will now analyze your previous transactions and, based on where you put them in the past, it will automatically choose the best category for your newest transactions!

How does it work? Okay so it's not really alive, but we think it's still pretty smart! If you have regularly visited your favorite fast food joint and dropped that transaction into the "Restaurants" subcategory under "Food", then PFM learns that other transactions with the same description belong in that same category.

However, there are some situations where you will want to keep an eye on your transactions. If you frequently shop at your local huge-mart department store and split your purchase among multiple categories, such as Shopping > Clothes, Food > Groceries or Auto > Parts, PFM unfortunately won't attempt to read your mind. You will still have to categorize those transactions.

You will also have to categorize transactions yourself if the transaction is a paper check and the merchant can not be determined. Finally, if you're a brand new user, PFM won't have any history to go by. The first time you spend money with any merchant, you will have to drag and drop your transaction into the right category, just like the good ole' days.

PFM is your one-stop tool for all things budget-related. Just log in, click on your account in Account Center, and click the Categories link to get started. Track where your paycheck goes and learn where adjustments can be made to save you money in the long run!

Still have questions? Check out our Frequently Asked Questions about PFM