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12.4 times as boring, Geeks & Accountancy

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Oct. 13th, 2008 | 10:14 am
mood: accomplishedaccomplished

I've been wondering if I can afford a house.

So I thought to myself, wouldn't it be nice if I had an accurate idea of where I've been spending my money for the past several months so I could make a detailed budget.

Then I mused to myself, it's been so long since I've reconciled all my accounts in gnucash, but it is so hard to reconcile things out of order. I guess I'll just have to enter everything for 2007 and year to date 2008.

It's not like I could just ignore my books, I mean I have a nearly uninterrupted history of my spending since 1991.

2 weekends and a weeks worth of weekdays later and 20 months of transactions entered, I'm current.

Though I hit some interesting accountancy questions,
  • Should buying Lindens count as buying a currency? If so, that means I should have a "virtual bank" account for tracking spending in lindens.
  • The Linden monthly service fee qualifies your character for an allowance, given their exchange rate, its roughly possible to resell the lindens acquired for the US Dollars spent on the monthly service fee. Is the monthly service fee then also just buying lindens?
  • Is it time to track WoW or EVE assets, and if so, does one use the official exchange rate or the black market exchange rate?
  • With a joint account how does one model money going to the other party in a double entry bookkeeping system?

Now math questions, if one wanted to play Scrooge McDuck, what's the best coin denomination to withdraw all of your money as so as to fill up the most volume? (Or would it be cooler to just use dollar coins because they're gold colored). How much more volume do coins take up when casually piled (or swam through) versus carefully stacked?
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Comments {7}

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from: clynne
date: Oct. 13th, 2008 05:58 pm (UTC)
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I always figured if I was gonna go Scrooge McDuck with my money it would be in Sacagawea dollars (or the other gold dollar coin) because, well, that's what McDuck had. Plus, if I were gonna roll around in my money feeling rich, I think a pile of gold coins would be more excessive-feeling than just bills.

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Diane Trout

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from: alienghic
date: Oct. 13th, 2008 11:15 pm (UTC)
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That was my thought, but then the question is how much money do you need to fill 1/3rd to 1/2 of a 10x10x8 room.

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Kevin/Moose

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from: bald_ruminant
date: Oct. 13th, 2008 07:20 pm (UTC)
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Pennies will take up the most volume per dollar, because there would be so darned many of them.

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Diane Trout

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from: alienghic
date: Oct. 13th, 2008 11:17 pm (UTC)
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Though some of the larger denomination coins are larger, but none of them are 5 or 10 times larger than a penny.

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riffraff814

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from: riffraff814
date: Oct. 13th, 2008 08:36 pm (UTC)
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You could count Lindens as a currency, because they have a (somewhat) variable value. I'd only do a "virtual bank" account for Lindens if you have a similar account for your wallet -- as long as your money in there is <$100, and it's not a main source of income, *shrug*.

It's your call as to whether the main value you get is "ability to own land" or "monthly stipend". If the L$ is worth more to you than the ability to pay more to own land, then I'd count it there. Otherwise, I'd write off the monthly fee as "entertainment expense" and have the L$ magically appear.

No clue on the WoW or EVE money, though. ;)

My take on a joint account is "money in" comes from somewhere and "money out" goes to somewhere, but while it's in the common pool of the joint account, it doesn't belong to anyone in particular. So I just wouldn't model that one.

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Robin

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from: solri
date: Oct. 13th, 2008 11:00 pm (UTC)
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Should buying Lindens count as buying a currency? If so, that means I should have a "virtual bank" account for tracking spending in lindens.

Your geekiness rocks.

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