Managing personal finances can often be a daunting task, with numerous bank accounts, credit cards, loans, and investments to keep track of. Tiller Money aims to simplify this process by offering a unique platform that consolidates all your financial data into one easily accessible place. In this review, we’ll explore the features, benefits, and drawbacks of Tiller Money to help you determine if it’s the right tool for your financial management needs.
What is Tiller Money?
Tiller Money is a personal finance management service that automatically updates Google Sheets or Microsoft Excel with your daily transactions and balances from multiple accounts. By combining the power of spreadsheets with automation, Tiller Money provides users with a customizable and flexible solution for budgeting, expense tracking, and financial analysis.
How Does Tiller Money Work?
To get started with Tiller Money, you’ll first need to sign up for an account on their website. Once your account is set up, you’ll connect your various financial institutions using bank-level security and encryption. Tiller Money supports more than 21,000 banks, credit unions, and other financial institutions, making it easy to consolidate all your accounts in one place.
After connecting your accounts, Tiller Money will automatically import your transactions and balances into your chosen spreadsheet platform – either Google Sheets or Microsoft Excel. Tiller offers several pre-built templates designed to help you manage your finances, including:
- The Foundation Template: A comprehensive budgeting and expense tracking template that includes categories, monthly budgets, transactions, and net worth tracking.
- Debt Snowball Template: Designed to help you pay off debts by prioritizing them based on interest rates or balances.
- Net Worth Tracker: A simple way to track your assets and liabilities over time, providing insights into your overall financial health.
In addition to these templates, you can also create your own custom spreadsheets or modify the existing templates to better suit your needs. Tiller Money’s flexibility allows you to tailor your financial management system to your unique preferences and goals.
Key Features of Tiller Money
1. Automated Data Import
One of the standout features of Tiller Money is its ability to automatically import transactions and balances from your connected accounts on a daily basis. This eliminates the need for manual data entry, saving you time and ensuring accurate record-keeping.
2. Customizable Spreadsheets
Tiller Money’s greatest strength lies in its customization capabilities. With access to Google Sheets or Microsoft Excel, you have complete control over the layout, design, and functionality of your financial spreadsheets. Whether you’re a spreadsheet novice or an expert, Tiller Money provides the tools you need to create a personalized financial management system.
3. Tiller Money Labs
Tiller Money Labs is an experimental platform that offers additional tools, features, and templates designed to enhance your Tiller Money experience. These add-ons can help you further customize your spreadsheets, automate specific tasks, or gain new insights into your finances.
4. Customer Support
Tiller Money offers excellent customer support through email and their online help center. Their support team is knowledgeable and responsive, ensuring you receive the assistance you need to make the most of the platform.
Tiller Money offers a 30-day free trial, allowing you to test out the service and determine if it’s the right fit for your needs. After the trial period, the subscription costs $79 per year, which includes access to all features, templates, and Tiller Money Labs.
Pros and Cons of Tiller Money
- Automates the process of importing transactions and balances into spreadsheets
- Highly customizable, allowing you to create a financial management system tailored to your needs
- Compatible with both Google Sheets and Microsoft Excel
- Offers additional tools and features through Tiller Money Labs
- Requires a subscription fee after the 30-day free trial
- May have a learning curve for users unfamiliar with spreadsheets
Tiller Money offers a unique and powerful solution for managing your personal finances. By combining the flexibility of spreadsheets with automated data import, Tiller Money provides a customizable platform that can adapt to your specific financial goals and preferences. While there is a learning curve for those not well-versed in spreadsheets, the benefits of a personalized financial management system make it worth the effort.