I recently started giving plain text accounting a go. For a long time I did not do any accounting, as my income was high enough to get by perfectly fine, but recently I wanted to get a lot more control over my personal finance in order to easier achieve more long term financial goals.
I’ve only been at it for about a month now, and I started out with ledger. So far I am enjoying the concept, but have not made much out of reporting yet. But I like the idea of also building my own reporting in Python on top of existing reports, and checking out the ecosystem around this (I understand BeanCount has a large Python ecosystem, so I will probably check this out once I have some months of data).
Are there anyone here doing this? I would love to hear some perspectives about this, both good and bad, from people having used this for a long time.
I wanted to go this route, but for the current stage of my life, I couldn’t go that granular. I currently have a spreadsheet that keeps track of totals in each bank account (short term, long term, college, retirement savings and checking) as well as total (net) income and expenditures (broken into “essential” and “non-essential”).
I then setup formulas to calculate total saved, (as well as necessary only saved, in case of financial stress to see what we can cut out), total assets, and compares those assets to the previous month and year.
While I want to get more granular, that is all I can do for now.