I’m in the process of updating our accounts. My wife asked me to take it on as she’s currently the work horse financially. And an utter legend.
I’m bringing her out of the paper ledger, a nightmare, into the fine world of spreadsheets - my bow, my string!
My question to you fine poeple is how far do you go to break down costs and what do you think is most useful as end analysis data?
I’m categorising like this:
Hospitality (milk, coffee, tea, sugar)
Maintenance (paint, broken items etc)
Cleaning items (paper towels, polish, bleach etc)
Entertainment (kids books, dvds)
I’ve done a lot of data analysis in the past and am considering breaking down how much we specifically spend on milk rather than the group this falls under. I may just be overthinking it. I know I am, but when it comes to claiming expenses is this what others do, grouping? Or do you break things down item by item and are there any categories you would add?
I should say I’m not just tracking the milk!