Let's start with an explanation of what exactly Tiller Money is, and how it can work for you.
What is Tiller Money, and how does it work?
If creating spreadsheets gives you a little thrill, Tiller Money may be the budgeting app for you. That is, if you're not looking for a mobile app. Tiller Money was originally intended to be a mobile app, but after interviewing potential customers, developers decided the spreadsheet layout would work better on a desktop.
While it's possible to access Tiller spreadsheets from your iOS or Android (by using the Google Sheets or Microsoft Excel app), it may be difficult to make updates via your mobile device. However, clever members of the Tiller Community offer fellow Tiller users workaround options that allow them to access their budget on the go.
Tiller Money is a budget planner that connects your online financial accounts. Each day, it automatically pulls your investment balances and bank transactions -- including deposits and withdrawals -- and uploads them to a Google or Excel spreadsheet software (whichever you use). That way, you always know where you stand with your home finances. And to make life even easier, the company sends you an email each day to keep you up to date.
Tiller not only tracks everyday expenses and helps you stay on budget, but it also monitors your debt payoff strategy. It all begins with linking Tiller to your bank accounts, credit cards, and investments.
As soon as your accounts are linked, Tiller will automatically categorize the transactions for you, or you can categorize them yourself. If you want specific spending categories, you'll have the opportunity to include them.
One interesting thing Tiller allows you to do is split transactions into more than one category. For example, let's say you pick up groceries and school supplies for the kids at the same store. The Tiller Splitter add-on allows you to split the expense between different categories. For example, you may want half to be listed under "groceries" and the other half under "educational expenses."
Tiller has a "Build Your Own" feature that allows you to create your own templates and financial reports. One of the best things about Tiller is the growing number of free personal finance templates available. The nice thing about this free template library is that you can test drive different templates until you find what works for you.
Finally, Tiller Money makes it easy to share your records. This can come in handy if you're working with an accountant around tax time.