Plain text accounting tickles the obsessive part of my brain that craves granular control over every minute detail of my money
If there were an easy way to get all of my bank, credit card, loan, tax, etc statements either via secure download or api with everything automatically imported to a platform I had full autonomy over I’d be more interested
Otherwise it’s a lot of time investment for minor payoff imo
Yeah, I’m hoping to automate somethings myself - without having done any research on this, I hope the PSD2 regulation in Europe allows me to use the APIs the banks have been forced to make. However, I am actually not sure about eligibility to use these APIs, and I might have to do make do with parsing .csv-files I manually download.
I am anyway giving it some months to see what kind of benefits I might get without putting to much effort into automation, but the thought have crossed my mind that this entire thing will be a “high effort, low reward” kind of deal.
This is the exact reason I lean into wealth management tools, and likely why more credit cards, brokerage services, etc are starting to offer them as a standard feature. Being able to plug your accounts into a tool that handles all the API horrors for you is such a time save, even if the result is dealing with something admittedly half baked in most cases.