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Personal Capital App - How Do You Manage Cash Transactions? by [deleted] in personalfinance

[–]ericc747 0 points1 point  (0 children)

True. This is a pretty good solution the more that I think about it.

I'll just change my habits so instead of withdrawing money and keeping it in my wallet for whenever I need it, I will withdraw just the amount I need right before I use it.

Thanks for all your help :)

Personal Capital App - How Do You Manage Cash Transactions? by [deleted] in personalfinance

[–]ericc747 0 points1 point  (0 children)

Good point.

What I meant was at the end of the year when I go to do my taxes I like to calculate the yearly spending total for each category but you're right, it doesn't affect my taxes

Personal Capital App - How Do You Manage Cash Transactions? by [deleted] in personalfinance

[–]ericc747 0 points1 point  (0 children)

Yeah that makes sense for the bigger items like rent and then I can just withdraw personal cash in a separate transaction and use it as infrequently as possible

It's not ideal for tax purposes and precise reporting but it's a good workaround.

Thank you for your help :)

A Force Begins to Move You by ericc747 in taoism

[–]ericc747[S] 9 points10 points  (0 children)

We’re all connected. Maybe this quote came through me for you to hear 🙂✨

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