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by ff_ 2982 days ago
Oh wow this is super cool. IME the hardest part of using this kind of accounting software is to keep using it over time, because entering transactions is super boring, and it's hard to build the habit.

Right now, since all my expenses come from one bank account, I export the data from the bank and use a bunch of excel sheets to keep track of stuff, but of course is a quite limited system.

I was wondering if HoneyMoney has some kind of import system? In this way I could just dump the exports in there like once a month.

3 comments

I have the same problem about typing in transaction and here's my advice: don't.

Just do one transaction for "misc expenses" once a month or week and be done with it. Usually I do this by comparing the current and last balance and book the difference. If you feel like some transaction (rent, utilities, fuel for the car) did stand out you can still split out a separate transaction for it, but you don't have to.

You can get used to it quite quickly and it is really useful. By adding your expenses right after the purchase you're all the time up-to-date with your budget. You know where you're with your plans, whether they need any modifications or not. I restarted using YNAB this January after a 2 years long pause and now I have again money at the end of the month. :>
I've been using YNAB for years too, similar experiences, until I consistently manually added the transactions I found my accounts got worse and worse during reconcilable and my budget forecasts were ruined consequently.

Now I'm checking the accounts almost daily when adding purchases manually, it's been consistently accurate for months.

Another option is to just collect receipts and enter them in batch. That's what I personally prefer.
That's why HoneyMoney tries to simplify the process and make it enjoyable.

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