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phil-martin | 1 month ago
How do you think it compares time-wise to using existing accounting software? Was the time investment worth it to get the control and visibility you now have?
phil-martin | 1 month ago
How do you think it compares time-wise to using existing accounting software? Was the time investment worth it to get the control and visibility you now have?
lalitmaganti|1 month ago
Author here. I tried various consumer budgeting apps before I ended up building my own (and then going to Beancount). The main problem with every one of the apps I tried is that they don't handle investments well. 99% of my money is invested and having net worth figures which are wildly wrong because the app is only tracking bank accounts really annoyed me. That was the reason I built my own thing in the first place.
> Was the time investment worth it to get the control and visibility you now have?
Absolutely yes. I think it helps me really understand where my money is going, how I can make it work harder etc. Even though the RE part of FIRE doesn't appeal to me, the FI part does and knowing where I stand at all times has been very motivating.
phil-martin|1 month ago
I have question on a more personal front - please feel no obligation to reply.
What impact has having such clear visibility into your accounts had on your relationship with your wife? It feels like it would be a great catalyst for communication, trust and building things if shared finances was a key part of the relationship.
I think this part was the most inspirational - it takes a lot of courage to be that open about finances, even with partners, perhaps especially with partners.
jjav|1 month ago
Could you expand what were you looking for with respect to investments that was lacking?
I use GnuCash for many investment accounts (in multiple currencies) and haven't run into any limitation, it can show me the true net worth graph.