I agree with this although I can think of another example to help @Revels with their point too.
I recently wanted to see how much I was spending on my car overall, to see if it’s worthwhile getting an electric one yet.
Having ‘Car’ as a parent category would tell me how much I’m spending on tax, insurance, maintenance, petrol etc. But I still want to track things like petrol to make sure I’m on track with my budget.
I do as well to a degree but it would negate the need for me to add them all up
I guess you could go one step further and have “duplicate” categories then.
Days out > petrol
Days out > parking
Car > petrol
Car > parking
Then you can get a more holistic view of where all your parking costs are and that you should perhaps catch the train or bus on your days out to save some money.
Haha I can see both sides. I think there’s a fine line between effective categorisation and going so granular that you can’t really tell what’s going where - never mind the administration of it all.
It doesn’t provide the same functionality. Say that I have “holidays” category but I also want to drill down and what I have spent the most money as part of the holiday budget, e.g. flights, hotels, food, etc.
Regardless of personal preference which I respect, it’s very logical to expect to be able to break down spending under a category, and be able to examine it, especially within a year. I have spent around £10k on holiday last year, and I want to easily understand what part of that got the most spendings. Same goes for house maintinance, bills, etc.