Hello,
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54 karma · joined August 18, 2017
The thing is that Excel is not designed to help you with manual tracking. HoneyMoney is. For example, you can plan all recurring transactions and then you just confirm them as they happen. Or you can combine multiple transactions into one. Those things simplify the process a lot.
"Accounting" can be enjoyable. Some people do enjoy the level of control they get from doing their personal finances.
For example, you spend $120 at a restaurant last night. Today you enter that expense into HoneyMoney, and have a chance to see how this expense changed your situation, and think for a moment a second time about it, was it worth it or better not go there again. Computer won't do it for you.
Envelopes are used for splitting money by purpose: for planned expenses, for unplanned expenses, for goals, for funds.
No, it's not double accounting internally.
Too jovial?
The app itself has fewer bees per square pixel than promo website. Check out the demo: https://demo.honeymoney.io
Manually tracking expenses seems harder than it actually is. For example, I just collect all the receipts for 3-4 days, and then spend 5 minutes to enter them in batch.
All the recurring transactions are planned once, and then you just confirm them with the real amount. 2 clicks: select — confirm.
Basically, we're talking about 15–20 minutes per week for increasing your awareness about money and to keep your financial life under control.
This is work, nobody will do it for you. You just need to decide if it's worth it to you personally or not.
There's an import from CSV for historical data. Here's the demo: https://demo.honeymoney.io/app/my/import
All the recurring transactions are planned once, and then you just confirm them with the real amount.
Basically, we're talking about 15–20 minutes per week for increasing your awareness about money and to keep your financial life under control.
This is work, nobody will do it for you. You just need to decide if it's worth it to you personally or not.
There're a lot of tools which will automatically import your transactions. HoneyMoney chooses the different way, trying to make tracking and planning a habit, promoting the idea that nobody can do this work for you.
It just tries to simplify the process and make it enjoyable.
Though I advice to not enter cents anyways. They don't really matter. What matters is the habit to pay a regular attention to your money. Not entering cents saves some time.