Watch the video to get started with the Tiller Budget template or read the steps below.
1. Refine your categories
Your Tiller spreadsheet comes loaded with example categories, but you can refine these to meet you unique financial situation. Remember to keep it simple. Where does your money go each month? Overwrite or delete any example groups and categories you don’t need. Start by filling in the Group, Category, and Type.
What about all those other columns? You can learn about those later or dive in here.
2. Check in on your automated transactions
Tiller automatically adds transactions from linked accounts to your Transactions sheet each day. Tiller can pull up to 90 days worth of data for most institutions. It’s a good idea to spend some time categorizing your transactions from the prior period up to today. This step will quickly help you gain insights on where your money is going and allow you set realistic budget targets.
3. Customize your budget
Your customized budget dashboard is added to your Google Sheet using the Tiller Google Sheets add-on. Choose Tiller > Budget > “Start” from the Add-ons menu at the top of your template. Accept the add-on permissions. Choose monthly, bi-weekly, or weekly for the interval and then customize your start date settings.
4. Open your Budget dashboard and review.
Review your Budget dashboard to see how you’re doing and make adjustments as necessary based on the prior period actuals. Type a new budget amount into the light green Adjust cell for each category to set a new budget value.
If categorizing last period’s transactions seems too overwhelming don’t worry about it! Start from this week or today, and return every few days to categorize and check in on your progress. You can always adjust and refocus next budget period.
If you'd like a quicker way to categorize check out our Google Sheets Add-on, AutoCat: Getting Started with AutoCat