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It has always been difficult for me to track all petty expenses, such as coffee, a new T-shirt or a haircut. But at the same time, it is very important for me t
by artem31 7y ago
It has always been difficult for me to track all petty expenses, such as coffee, a new T-shirt or a haircut. But at the same time, it is very important for me to know how much money I have in each period of time. I used a lot of expense tracking apps, but usually I forgot to add something, and as a result, the actual balance in 99% of cases does not match with balance inside the app, so every month I added the correct results to the money trackers manually. Also, money trackers usually show Expenses / Income, but I wanted to find out how much money I had just last month, and now, to see the difference in the total amount. I did this in Excel, but then the idea came to me to create an application for these purposes without additional functions, so that people can spend only a few minutes a month, but get excellent statistics about their overall financial balance.
Do you track all of your expenses daily? Do you track your net worth somehow? What applications or services do you use?
- whalesalad 7y agoSeems odd to conflate your net worth with little expenses like haircuts. I see how they are related, but at the same time they aren’t.
- artem31 7y agoI know, I used expense trackers but they are not pretty good to track net worth, because of this I did track net worth in excel before creating the app)
- itake 7y agoThe problem I have with apps like this is its virtually impossible to accurately track networth. At any given time, I am owed money (like a tax refund) or I am making an "investment" (like renovating my house to increase its value). Does your app calculate the current market value of real estate or vehicles?