Comment by Etheryte

1 month ago

I tick all the boxes you listed after having worked in a handful of different countries, but personally I don't really see the value add. My bank shows an overview in my main currency of choice and so do brokerage accounts. Perhaps to turn the question around, what value do you get out of it for personal finances? I wouldn't really compare to a business too closely since understanding all of your input costs down to a fine level is much more important there, at least in my opinion. The price of flour doesn't matter too much to the cent when you buy a bag every now and then, but it matters a lot when you're buying in tons.

I used to use an application in France which automatically sorted all my expenses - it sadly doesn't work as well anymore.

I have to say seeing some macro-budget category summed on a year and seeing how much of my money they consume was quite useful just to recalibrate. It wasn't life changing but it triggered things like: am I really ok spending that much on restaurants?