Tiller Money Review : Comprehensive Guide
Updated: May 6
Managing personal finances can be a daunting task, especially with the numerous transactions and expenses that come with daily life (how many subscription services do you have right now?). Fortunately, there are budgeting software options available to help individuals track and manage their finances effectively. One of these options is Tiller Money, an online budgeting software that offers a range of features to help users monitor their financial transactions, spending, and investments.
In this article, we will provide a detailed review of Tiller Money, exploring its features, pros and cons, and alternatives to help you make an informed decision about whether it is the right budgeting tool for you. Let's dive in!
Introduction to Personal Finance and Budgeting
Before diving into Tiller Money, it's important to understand the importance of personal finance management and budgeting. Proper budgeting is essential for tracking expenses, identifying areas for savings, and setting and achieving financial goals. However, managing finances can be challenging, especially when dealing with multiple accounts, subscriptions, and investments.
What is Tiller Money?
Tiller Money is online budgeting software that provides a comprehensive solution for tracking financial transactions. It is designed to help users monitor their income, expenses, and investments all in one place. Tiller Money integrates with Google Sheets or Excel, allowing users to create customizable spreadsheets for their financial data.
If you don't like working in Excel or Google Sheets, you can stop reading now. While the tool is highly flexible, the focus on working within a spreadsheet makes it more difficult for some to navigate.
How does Tiller Money Work?
Tiller Money connects directly to users' bank accounts and credit cards, automatically importing transactions into Google Sheets or Excel. The software also provides daily account balances and spending summaries, giving users a clear view of their financial health. With customizable categories, users can easily track their spending and identify areas where they can save money.
Getting Started with Tiller Money
To start using Tiller Money, you'll need to sign up for an account on their website. During the sign-up process, you'll be prompted to connect your bank accounts and credit cards to the platform. Once connected, you can choose to integrate with either Google Sheets or Excel, depending on your preference. Tiller Money will then guide you through the initial setup process, which includes creating your first budget spreadsheet.
What Features does Tiller Money have?
Tiller Money offers a range of features to help users manage their finances. Some of these features include:
Automatic transaction import from bank accounts and credit cards
Customizable categories for tracking spending
Daily account balances and spending summaries
Investment tracking and portfolio analysis
Real-time data updates in Google Sheets
Secure data encryption and user authentication
Using Tiller Money for Budgeting and Financial Planning
Tiller Money is an excellent tool for creating budgets and financial plans. Users can set spending limits for each category, track their progress over time, and make adjustments as needed. Additionally, Tiller Money allows users to set financial goals, such as saving for an emergency fund or paying off debt. By regularly reviewing their budgets and financial plans, users can ensure they stay on track to achieve their goals.
Tiller Money Integrations and Add-ons
Tiller Money offers a range of integrations and add-ons to enhance its functionality. Through Tiller Money Labs, users can access additional templates, tools, and custom reports to further customize their financial tracking. Popular third-party integrations include tools for debt management, tax planning, and expense tracking.
What are the Pros and Cons of Tiller Money?
Easy to use and customizable
Provides a comprehensive view of finances
Integrates with Google Sheets for real-time data updates
Secure data encryption and user authentication
No mobile app available
Subscription cost may be a barrier for some users
Tiller Money Pricing and Subscription Plans
Tiller Money offers a free 30-day trial for users to test the platform before committing to a subscription. After the trial period, the service costs $79 per year. While the subscription cost may be a barrier for some, the comprehensive features and flexibility provided by Tiller Money make it a worthwhile investment for those looking to take control of their finances.
Tiller Money Customer Support and Resources
Tiller Money provides a range of customer support options and resources to help users get the most out of the platform. Users can access email support, a comprehensive help center, and community forums to find answers to their questions or troubleshoot issues. Additionally, Tiller Money offers educational resources, such as webinars and blog posts, to help users learn more about personal finance management and make the most of the platform.
Frequently Asked Questions (FAQs) about Tiller Money
To provide additional information and address common questions, we've compiled a list of frequently asked questions about Tiller Money:
Is Tiller Money secure? Yes, Tiller Money uses bank-grade security measures, including 256-bit AES encryption and two-factor authentication, to protect user data.
Can I use Tiller Money on my smartphone or tablet? While Tiller Money doesn't have a dedicated mobile app, users can still access their Google Sheets or Excel files on mobile devices using the respective apps.
Does Tiller Money support multiple currencies? Tiller Money primarily supports USD, but users can manually input transactions in other currencies and use currency conversion add-ons available in Google Sheets.
Can I import historical transactions from my bank? Yes, Tiller Money allows users to import up to 90 days of historical transactions from their connected accounts.
User Testimonials and Reviews
To provide a balanced view of Tiller Money, we've gathered testimonials and reviews from real users:
"Tiller Money has transformed the way I manage my finances. The ability to customize my budget and track my spending has helped me save more money and reach my financial goals faster." - Sarah, Tiller Money user
"The lack of a mobile app can be frustrating at times, but the overall flexibility and customization options provided by Tiller Money make it worth the inconvenience." - David, Tiller Money user
What are some Alternatives to Tiller Money?
While Tiller Money is a great budgeting software, there are other options available in the market. Some of the popular alternatives include:
Monarch Money: A budgeting app that provides personalized insights and recommendations.
Simplifi by Quicken: A budgeting platform from one of the most respected names in managing money.
PocketSmith : A budgeting platform and app combination that has been around long enough to have an extensive feature set.
Everydollar: Another great budgeting tool to consider.
You Need a Budget (YNAB): One of the most popular budgeting apps around.
Tiller Money is a powerful tool for managing personal finances, with its integration with Google Sheets and customizable categories providing an easy-to-use experience. While it may not have a mobile app and comes with a subscription cost, its comprehensive features make it worth considering. However, users should also explore other alternatives in the market to find the best fit for their needs.