Re:Ask HN: How do you manage your personal finances?
by wanobi on Tuesday July 11, 2023 @04:27AM
(#36678008)
Actually, maybe you are right. Based on what I've read in this thread, I feel like my approach to finance management is a bit wrong. I probably need something that I can do bi-weekly or monthly.
The initial thought I have for something that I can use often is because I easily forget what I spent money on a single day since I often use cash. I'll have to re-think my approach on this...
Re:Ask HN: How do you manage your personal finances?
by 2rsf on Tuesday July 11, 2023 @04:54AM
(#36678189)
Actually using cash has its benefits, you subtract fixed expenses from you monthly income (rent, estimated utilities etc) and take the rest in cash, maybe weekly. This way you have a really good sense of how much you have at any given point.
What do you want to achieve? balance at the end of each month, or "can I afford another latte today"?
For the first a spreadsheet can work great, preferably with some system to arrange your budget, but that's not about tooling but simply being disciplined. For the second I don't think anything will last- writing every expense is not scalable.