LOCATION-BASED CATEGORIZATION PROMPTING OF TRANSACTIONS

Systems, methods, and computer program products are provided for providing suggested transaction categories based on location. The system includes a computer apparatus including a processor and a memory; and a software module stored in the memory. The software module includes executable instructions that when executed by the processor cause the processor to determine a location of a user; access a database including a plurality of locations and associated transaction categories; determine at least one category associated with the location of the user using the database; and provide the at least one category to the user so that the user may categorize a transaction. In some embodiments, the system determines the category based on a combination of the location and a characteristic of the transaction or a previous input by the user. The system assists users in categorizing transactions so that the user is better able to track spending.