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Comment by miroljub

7 hours ago

Here's another enlightenment for you:

Tracking expenses doesn't take more than 5-10 minutes per day, if you do it daily. With the correct workflow, it shouldn't take more than 30 minutes per month. There are even apps that would do that for you without any effort, though not so perfectly as fine tuned apps.

And now, the enlightenment part: how is expense tracking preventing you from making more money than visiting hecker news, reddit, social media, listening to the radio, watching TV, reading the news, or a million other things? Do you really spend all your waking hours earning more money so tracking expenses for a few minutes would make you make less?

This begs the question though, of why individuals still need to do this like a 17th century clerk, when it costs their counterparties fractions of a man-second. Imagine if their was a law which said, every business that takes a credit card has to supply the consumer with the data in standard, machine-processable format (ie not pdf) via their credit account (IE, not making obtaining their email address a condition).