Cryptopiy
@cryptopiy
HOW TO TRACK YOUR CRYPTOCURRENCY EXPENSES Managing crypto funds is personal, but I want to share my method. Many people don't track their expenses or investments. It's different if someone has over $1 million compared to $10-20k. This post is for those with the latter amount.
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Cryptopiy
@cryptopiy
Here's what I do. Let's say I have $10,000. We break down the $10,000 into percentages for each area where we want to use these funds (example is simplified).
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Cryptopiy
@cryptopiy
Retro drops: 50% - $5k NFTs: 20% - $2k IRL: 30% - $3k
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Cryptopiy
@cryptopiy
Now we record it like this: Initial deposit for retro: 5000 Current deposit for retro: 5000 Initial deposit for NFTs: 2000 Current deposit for NFTs: 2000 Initial deposit for IRL: 3000 Current deposit for IRL: 3000
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Cryptopiy
@cryptopiy
For example: Initial deposit for retro: 5000 Expenses: L0: $1000 ZkSync: $1500 Zora: $500 Current deposit for retro: 2000
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Cryptopiy
@cryptopiy
Initial deposit for NFTs: 2000 Expenses: Minting crap #1: $200 Minting crap #2: $100 Current deposit for NFTs: 1700
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Cryptopiy
@cryptopiy
Initial deposit for IRL: 3000 Expenses: Laptop purchase: $3000 Current deposit for IRL: 0
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Cryptopiy
@cryptopiy
So, we performed an activity -> recorded the expenses -> logged the expenses under "Expenses" -> subtracted the spent amount from "Current deposit."
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Cryptopiy
@cryptopiy
You can also add more categories where funds are used. For example, I add expenses for purchases/monthly payments and record how much money is spent on anti-virus software, proxies, etc.
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