Earlier quoted context omitted.
Is it actually all that useful to you to track each receipt line-item? For a few specific types of purchases, maybe, but I'm going to go out on a limb here and suggest you might be taking on needless work that doesn't create value for you anywhere near that level of effort.
I’m with you on that one. Been tracking my personal finances since 2011 and I have yet found a need to go deeper with analysis. Although I can imagine it could be interesting to go extra deep, e.g. to observe changes in my nutritional habits based on my grocery receipts juxtaposed with, say, my bloodwork. But even then it’d be a gimmick as I could not potentially rely on any correlation noticed. I’m sure someone coul…
You have to ask yourself what you're going to do with the data. Don't just collect data for data's sake.
The most granular I've ever needed is things like: "wow, I've spent way too much on hobbies in the past 3 months" or "we've spent way too much eating out this month" or "the kid's sports are getting out of hand". Or even "we can afford to spend a lot more on vacations over the rest of the year".
Those are all very top level categories. I can't imagine a world where I'd ever make a lifestyle change based on how I spend on meat over the past six months.
And if you're not actually making a change then the data is just data hoarding.