DAE use GnuCash for personal finances?
DAE use GnuCash for personal finances?
![](https://lemmy.ml/pictrs/image/93010fea-bf85-4dfa-9f0e-7918a7bead22.png?format=webp&thumbnail=128)
![](https://lemmy.ml/pictrs/image/93010fea-bf85-4dfa-9f0e-7918a7bead22.png?format=webp)
At the end of 2022, I discovered this software that I've been using all year. I'd like to hear your thoughts or experiences with GnuCash, or whatever system/program you use to track your personal finances!
For the ones unfamiliar, it's based on a double-entry accounting system; every transaction always has at least two accounts involved. Example: if I spend 200 SEK on a restaurant, it goes from Assets:Cash to Expenses:Food.
Starting by creating my own accounts, it helped me immensely to have an overview of my general financial situation.
Around March, I found enlightening to re-define what expenses needed their own category from what I was unconsciously lumping into 'others'. Having it all already logged, made it quite easy . The caveat is that all the entries are manual, but my finances are not as complex, so with 30-45 minutes a week I have it updated.
You can even create diagrams for your monthly expenses, or general balance, among other reports that come quite handy if you want to run a query.
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