In this Tiller Money review, I’ll explore what to know before subscribing to Tiller Money, a personal finance and budgeting tool that integrates seamlessly with Google Sheets and Excel. Tracking income and expenses is crucial for organizing finances, but it can be a time-consuming task, especially when done manually. Tiller Money addresses this challenge by automatically importing transaction data directly from your bank accounts into spreadsheets.
Tiller Money stands out for its automation capabilities, syncing income and expenses and organizing them effectively in a spreadsheet format. This approach eliminates the need for manual data entry, making financial tracking more efficient. With customizable templates and no advertising, Tiller Money leverages the versatility of spreadsheets, offering a user-friendly platform for those who value a hands-on approach to managing their finances.
However, Tiller Money does have some limitations. It lacks advanced features such as investment tracking and specific debt payoff tools. Despite these limitations, Tiller Money’s blend of customization, automation, and affordability – at just $79 per year – makes it an attractive option for those who prefer to actively manage their finances using spreadsheets.
The key question is whether Tiller Money is the right fit for you, particularly if you’re not already a spreadsheet enthusiast. Continue reading to learn more about its features and suitability for your financial management needs.
Learn More About Tiller Money
What to Know Before Subscribing to Tiller Money
Before I make a decision to subscribe to anything, especially something as important as my finances, I want to know all about it. I’ll outline the benefits, costs, and shortcomings of Tiller Money, but first, let’s get on the same page about what it is and is not.
What is Tiller Money?
Tiller Money is a financial management tool that revolutionizes the way users track and manage their finances. Launched in 2014 by Peter Polson in Seattle, Washington, Tiller Money offers seamless integration with popular spreadsheet applications like Google Sheets and Microsoft Excel. This integration is particularly beneficial for individuals who prefer the customization and flexibility that spreadsheets provide over conventional budgeting apps.
At the heart of Tiller Money’s functionality is its ability to automatically aggregate financial data from various sources. This feature streamlines the budgeting and financial tracking process, making it more efficient and less time-consuming. Users benefit from tools such as daily email summaries and automatic data population, which provide consistent and updated insights into their financial health.
Peter Polson, the founder of Tiller Money, has a successful entrepreneurial background, having previously founded Junxion and led Dashwire, both of which were acquired by larger companies. His expertise and vision have shaped Tiller Money into a robust platform, evidenced by it winning the 2017 FinTech Budgeting App of the Year award.
Today, Tiller Money has thousands of satisfied customers. The platform is not just about organizing finances; it’s designed to empower users to build wealth and manage their financial life more effectively. Its growing user base is a testament to its utility and effectiveness in simplifying personal finance management.
Benefits of Tiller Money
Now that we have an overview of Tiller Money, let me break down the nitty gritty details. Of course you want to know the benefits of Tiller Money before deciding to subscribe. Here are the features I believe users will find most important:
- Customization: Tiller starts with a Foundation Template, but users have the freedom to create and tailor their own budget sheets, fitting both business and personal financial needs. This includes making spreadsheets as detailed or as general as desired, adding or deleting categories, and incorporating charts and graphs.
- Bank Account Integration: Tiller Money Feeds link to bank accounts and credit cards, automatically pulling financial transactions into the budget daily. This feature currently supports over 21,000 banking institutions.
- Transaction Categorization: Users can categorize financial transactions manually or set up Tiller to classify bank data automatically. The platform offers a Tiller Splitter Add-On for splitting transactions into different categories, and an AutoCat Add-On for automatic categorization based on user-defined rules.
- Daily Email Updates: Tiller sends daily emails with updated transactions from synced accounts, including current balances, helping users stay up-to-date with their spending and account balances.
- Shareability: The platform allows sharing of financial information with partners or financial advisors, with control over what specific information is shared and editing permissions.
- Security: Tiller ensures data security with 256-bit AES encryption, read-only access to financial accounts, and two-factor authentication. Users have the sole view of their Tiller sheets unless shared, and the option to delete all data if they choose to discontinue the service.
Tiller Money Drawbacks
Now that we have discussed the positives that Tiller Money offers, let’s look at where it falls short:
- Limited Toolset: Tiller Money does not include investment tools, which might be a significant limitation for users looking to manage their investments alongside their budget.
- Google Account Requirement: To use Tiller Money, a Google account is necessary, as the program relies on Google Sheets for its spreadsheet templates. Even though Tiller for Excel is available, registration still requires a Google account, which could be a barrier for those without one.
- Subscription Cost: At $79 per year, Tiller Money’s subscription cost may deter users who are averse to paying for money management solutions, especially when free alternatives are available.
- Learning Curve for Spreadsheet Novices: The platform is not the most straightforward, particularly for users new to spreadsheets. Understanding the information presented and making the most of the add-ons requires some time and effort, adding a learning curve for those not familiar with spreadsheets.
Tiller Money Pricing
Now that I have covered the Pros & Cons of Tiller Money it’s time to get into one of the most important factors when deciding whether to subscribe: the cost.
Tiller Money offers a simple pricing structure with a single membership plan at $79 per year, which grants access to all features including weekly webinars, budgeting templates, and bank-grade 256-bit encryption. Users can first explore these features with a 30-day free trial before committing to the subscription.
For students, Tiller Money provides a unique benefit: a full year of free access under their Student Plan. The annual cost, averaging to less than $7 per month, positions Tiller as an affordable solution for comprehensive financial management, with no hidden fees and the flexibility to cancel at any time.
Throughout this review, I’ve covered what to know before subscribing to Tiller Money, highlighting its strengths as a customizable and efficient financial management tool. For those seeking the best net worth tracker with a hands-on approach to budgeting and financial organization, Tiller Money offers a unique blend of spreadsheet flexibility and automated data aggregation.
With its transparent pricing, including a special offer for students, and a 30-day free trial, Tiller Money is worth considering for your personal finance needs. To explore more about Tiller Money and decide if it’s the right fit for you, Click Here.