The following article explains tagging levels and why they are important and how they work. It's useful to gain an understanding before you go about tagging your transaction as this would affect how information is reflected when using the other features such as Budgets in Money Dashboard Classic.
What is a tagging level and how does it work?
Imagine our tags are in a tree diagram. There are 3 categories: Level 1 (the highest), Level 2 and Level 3 (the lowest)
The following snapshots to show how this works, in this example we will use 'Enjoyment'.
Top Tip: Clicking the Name of a tag selects the tag and clicking the arrow on a tag takes you into lower level tags associated to it.
'Enjoyment' is a level 1 (Top level) category. Simply click on it if you want to categorise a transaction as 'Enjoyment'.
If you would like to go into more details, click on the arrow on the right-hand side.
This takes you to Level 2 tags that branch from 'Enjoyment'. Similarly, you can select one of these tags by clicking on it, or go down to the next level if you want to be more specific by clicking again on the arrow which takes you to the Level 3 tags (if there level 3 tags associated)
Why is this important?
Without going into too much detail about it, tagging is really important in budgeting. This is because if you put higher level tags in a budget then any tag that branches from it (Eg level 2 or 3 tags) will also be counted as part of that budget.
Something's Gone Wrong?
You can find Help articles on common problems and solutions regarding Tags here.