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The problem happens when you get more accounts of different types. Currently, I have around 40 accounts in ledger for me and my family. Multiple bank accounts,
by para_parolu 3y ago
The problem happens when you get more accounts of different types. Currently, I have around 40 accounts in ledger for me and my family. Multiple bank accounts, multiple brokerages, loans, tax optimization accounts, pension, etc.
Some institutions have a good tools and some not regardless of country. I recall using european NyKredit was pain as much as bank of America.
Ledger (or hledger in my case) helps to build structured “meta view” while still keeping my data private (from one vendor).
- bombcar 3y agoI used to have so many accounts, as I get older I get closer and closer to one account of each type.
- para_parolu 3y agoI try to keep a smallest possible amount of accounts and consolidate similar accounts. However, in reality there are many types of accounts and you can’t merge them. Sometimes accounts of same type in same country can’t be merged. I have a very stupid example: I’m unable to close Robinhood account because I own a few YNDX shares that I can’t sell or transfer. So I have it just hanging there (but excluded from my ledger)