Yeah I used to have a massive spreadsheet tracking the entirety of household finances. I was worried that no one would know where the money was if I suddenly died, so I started a monthly finance 1:1 with my spouse. Even wrote an "upon death or incapacitation" playbook for her.
The second session was just her saying WTF I can't keep track of the location, ownership and tax benefits of 40 accounts!
I've since closed 3/4 of all accounts because of that.
The killer for me was working out how much time I was spending playing Excel Warrior and how much it was “making” me and realizing that I was working in my free time for Pennie’s.
that is what keeps me from getting into all this detailed finance management or worse trading, likewise any other side business that could earn some money but just isn't the kind of work i want to do.
making a budget is useful, as is tracking your expenses, but that's about it for me.
The second session was just her saying WTF I can't keep track of the location, ownership and tax benefits of 40 accounts!
I've since closed 3/4 of all accounts because of that.