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Personal Accounting: Do You Do It? How? (self.finance)

submitted 1 year ago by dxcz to c/finance

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Hi all,

So I started YNAB a few years ago, and found myself enjoying the accounting aspects more than the budgeting aspects. When the price kicked up, I thought I'd explore the personal accounting space some more.

So I started using GNUCash and learned about double entry accounting. Which was fun sometimes, less fun other times. I liked that I could use Git with the save file, didn't like entering every. single. transaction. manually. I could never figure out the bank sync.

Eventually, I switched to Quicken, and have been mostly OK with it so far (on Mac). Though I'm still not used to using Reports and the like for personal analytics, the mobile app is clunky, and I occasionally run into wonky bugs with sync or with the general app.

How do you all go about tracking funds in accounts, if at all?

Thanks!

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[–] coldredlight 4 points 1 year ago

I actually just login to all of my different accounts regularly to keep track of things. Nearly all spending flows out of two cards so mostly I watch them and just compare to actual cash on hand to maintain a certain balance. Anything excess gets periodically transferred into investment accounts. I've never really felt the need for tracking beyond this, I tried Mint for awhile once but I think my needs are just really simple. I know roughly how much money is where at all times and I can get the exact details within a few second if I have a phone or computer, that's good enough for me.