Looking for a way to take control of your finances and organize them in a customizable way? Are you a die-hard spreadsheet fan? Look no further than Tiller Money! This financial management tool syncs with your bank accounts and automatically populates a Google spreadsheet or Excel workbook with all of your transactions and balances.
In this Tiller Money review, we’ll take a closer look at what this unique platform has to offer and how it compares to other popular money management apps. If you’re a spreadsheet aficionado looking for a personalized financial management tool, Tiller Money might be just what you’re looking for.
What Is Tiller Money?
Tiller Money is the financial management tool for those who love spreadsheets. Tiller Money was founded in 2014 in Seattle by Peter Polson. The platform used to only be for google sheets, but has recently expanded to include Excel.
With Tiller Money, you can fully customize your spreadsheet options to suit your unique needs. You can track your transactions, current balances, spending behavior, and set monthly/annual spending budgets.
And the best part? It only takes a few minutes to connect all your financial accounts to Tiller Money, and the system automatically handles the rest.
Unlike other spreadsheet systems where users have to manually enter their data or create their own formulas, Tiller Money automatically pulls new transactions from your connected accounts, making it easier than ever to stay on top of your finances.
Incorporating budgeting, financial forecasting, and asset allocation into the financial planning process, Tiller Money is a unique platform that integrates real-time bank data using spreadsheets.
Tiller Money Features
- Free And Customizable Templates: Tiller provides a “Foundation Template” that acts as an all-in-one dashboard. The template allows you to view your top 10 sources of income, top 10 sources of spending, your budget, net worth, and more. The Foundation Template is only available as a Google Sheet, but Tiller also offers access to dozens of templates that have been built by members of the Tiller Community. With Tiller’s flexibility, you can build or tweak your spreadsheet to your liking.
- Bank Sync And Transaction Categorization: Tiller can sync with over 10,000 banks, brokers, mortgage companies, and more, pulling all of your financial transaction data in automatically. The “Tiller Feeds” add-on for Google Sheets or Excel is required to take advantage of this feature. This add-on is pre-installed into the Tiller Foundation template accessible from your Tiller Console. Tiller’s “AutoCat” feature offers 100% customizable auto-categorization inside Google Sheets, with advanced customization options compared to other budgeting tools.
- Link Up To Five Spreadsheets: Tiller allows users to build and connect up to five spreadsheets at a time. This supreme flexibility is ideal for tracking transactions for rental properties, small businesses, and family finances. It makes preparing profit and loss statements for tax time, budgeting on a variable income, and planning short-term savings and investments simple without needing a separate account for every single savings goal.
- Painless Budget Collaboration:Tiller makes tracking shared finances easy with its integration with Google Sheets, which is built from the ground up with a heavy focus on real-time collaboration. This feature allows couples or business partners to collaborate on finances and make joint decisions, while also giving each individual access to run their own finances independently using Tiller templates.
- Create a Budget Sheet: Tiller provides a fully customizable budget spreadsheet that allows users to customize different income and expense categories, manage multiple time frames such as monthly and quarterly, and hide categories from their budget. The budget sheet is easy to set up without requiring any formulas.
- Daily Email Summaries: Tiller offers users the option to receive daily email summaries of their finances, detailing the latest actual account balances and any transactions made. This feature prevents you from receiving any unpleasant surprises when you check your finances and allows you to stay on top of your finances without having to constantly revisit Tiller.
Tiller Money Review: The Pros & Cons
Pros:
- Automatic syncing with financial accounts
- Customizable templates for budgeting and tracking net worth
- Ability to link up to 5 spreadsheets
- Quick daily transaction summaries via email
- Excellent customer service
- Ad-free interface
- Secure site
- 30-day trial period
Cons:
- No investment tools or detailed investment records
- Available only on Google Sheets or Excel
- Annual fee required for access
- Limited options for Excel users
- Desktop-only interface
- Must create an account to use the service
Tiller Money Alternatives
If you’re disappointed with Tiller’s lack of investment tools, don’t worry, because there are plenty of other top-notch budgeting software options available. One popular choice is YNAB (You Need a Budget), which easily integrates your investments and utilizes the concept of zero-based budgeting to help you reach your savings targets.
For a comprehensive review of this impressive software, be sure to check out this YNAB review.
Final Thoughts
Tiller Money is the perfect platform for anyone looking for a simplistic approach to managing their finances. It’s easy to use and has received great reviews from satisfied customers. However, if you’re a seasoned investor or retirement planning is your top priority, you may want to explore other options.
All things considered, Tiller Money’s comprehensive approach to money management is worth the investment. You can run reports on future cash flow and think of budgeting as a profit/loss report, which can help you make better investment decisions.
So if you’re ready to take control of your finances and make informed decisions, why not give Tiller Money a try? Click Here to sign up today and see what it can do for you!
