Even die-hard spreadsheet fans could use a little help keeping track of monthly expenses.
Tiller money is a budgeting tool specially designed for those who prefer spreadsheets to manage their finances. You can link your bank accounts to your Excel or Google Sheets budget spreadsheet so you don’t have to manually enter every deposit or expense.
In this Tiller Money review, we’re going to go over the main features of this app so you can determine if this is the budgeting aid for you.
What is tiller money?
Tiller Money is not your typical budgeting app. It is a personal finance service that improves spreadsheet budgeting by integrating automation.
Tiller Money takes care of your financial transactions and automatically updates your spreadsheet every day. So you don’t have to record the data yourself. If you’re budgeting with a partner or have multiple bank accounts, you can see your combined balance in one place without doing the math.
You can use one of the Tiller Money table templates or create your own to fully suit your budget. The app AutoCat This function allows you to sort your expenses in the appropriate budget category.
Tiller Money works with over 21,000 banks, credit card companies and other financial institutions. The company that works with the data aggregation platform Envestnet | Yodlee, recently launched an open function for exchanging bank data This allows Citi and Chase Bank customers to access their banking information through Tiller Money without having to share usernames and passwords. Tiller Money plans to expand this feature to other top banks.
How does tiller money work?
Once you have signed up for Tiller Money, you will need to authenticate your bank accounts in the Tiller Money console. After that, adjust your import options to send your financial data to your existing Excel or Google Sheets budget. If you haven’t started your budget spreadsheet yet, you can use Tiller Money to create one Foundation template.
Every day, Tiller Money updates your budget table with your last transactions and sends you an email with your daily financial activities. You can gain insight into where you are financially and view your spending habits in graphical form.
Tiller Money protects your data using 256-bit AES encryption, which is standard bank-level encryption. Tiller Money does not save your banking information and only accesses read-only information from your financial institutions.
New customers receive a free 30-day trial to test the service. Once the trial ends, you’ll pay $ 79 per year, which is $ 6.58 per month. If you are a student you can use tiller money Free for a whole year.
If you run into any problems you can run your questions through this Tiller money communityCheck out one of the company’s webinars and blog posts, or contact the US-based customer support team.
The pros and cons of tiller money
The main advantage of Tiller Money is that it consolidates all of your financial information in tabular form without the need to manually enter data or download CSV files from your bank.
Since you can create your own spreadsheet layout or customize an existing template, you have the flexibility to format your budget to suit your needs. If you want to use 100 budget categories, go ahead. If you want to budget every two weeks or annually, you’re not limited to monthly budgeting.
Since Tiller Money is all about budgeting spreadsheets, if you’re not a fan of Microsoft Excel or Google Sheets, consider trying something else.
If you’re looking for a budgeting app that can show you your credit history, remind you when a bill is due, or send offers on recommended credit cards, it’s better to use an app like this one Clarity money or mint. These two tools are also free, but Tiller Money is not.
Who is tiller money for?
Tiller Money is ideal for spreadsheet budgeters who want to make it easier to record and categorize transactions. This is also a great choice for people who want to completely adjust their budget rather than following an app’s preset guidelines.
Sign up for a 30-day free trial to see if Tiller Money can benefit your budgeting life.
Nicole Dow is a senior writer at The Penny Hoarder.
This article originally appeared on www.thepennyhoarder.com