When we asked over 500 people about their biggest financial goals for 2020, the top five answers were:
How Tiller Money Can Help You Achieve Your Financial Goals
The personal finance goals above are big and life-changing. Helping people achieve them is why we built Tiller Money.
Tiller combines the ease of automation with the flexibility of spreadsheets. Only Tiller automatically updates Google Sheets and Microsoft Excel with all your daily finances so you can see everything in one place with a single login.
Here’s how Tiller Money can help you achieve your goals in the year ahead.
Bonus: Tiller also sends an optional daily email with a snapshot of all linked account balances to help keep you financially informed. More →
1 – Spend less money
“My main goal for 2020 is to consistently save $1,000 a month so we can knock out our emergency fund goal in early 2021 and start saving for a home down payment.”Amandaleslie122, Tiller Money Community
According to a Goldman Sachs 2020 Financial Resolutions Survey, “spend less money” is the #1 personal finance goal in the United States.
Modern life is expensive. The routine costs of shelter, food, transportation, and health care can burden even the most frugal and/or high-earning families.
But before you can consistently spend less than you earn, you first need to know exactly where your money goes each day, week, and month.
Financial experts agree that tracking spending is the first and most influential step to spending less and optimizing your finances.
Tiller Money is the best tool for tracking your spending. It eliminates data entry, shows you all your accounts in one place, and gives you total control of your transaction categories.
Additionally, Tiller Labs provides several free reports to help you visualize your spending.
Rule of thumb: if you’re having trouble keeping your spending down, focus on just two areas of problem spending.
Making a budget with Tiller’s Foundation Template will show you how much you can afford to save each month. You can easily set savings goals directly in the Foundation budget.
Learn more: Tracking Your Spending With Tiller Money
2 – Pay Down Debt
Getting out of debt is the #2 financial goal in the United States.
The Debt Progress Spreadsheet makes it easy to track all your debts and liabilities in one simple dashboard. The spreadsheet also helps you evaluate different payoff strategies such as the snowball and avalanche methods.
And best of all, the Debt Progress Spreadsheet is automatically updated each day with your latest credit card spending, balances, and payments.
Many people prefer the “snowball” method for paying down debt. Research shows it’s the most effective overall approach for the largest number of people. It’s based on a simple formula: “pay off the smallest debt first.”
But again, with the Debt Progress spreadsheet, you can model and choose any payoff strategy that works for you.
Learn more: Pay Down Debt with Tiller Money
3 – Save More and Make a Budget
Budgeting forces us to face the reality of how we spend. It allows us the opportunity to see the gap between what we say is important to us and how we spend our money.– Carl Richards
Even if you have no intention of following a budget, making one is incredibly valuable. A budget doesn’t just tell you what you can and can’t afford, it tells you what to expect.
Planning how you can use your money can free you from stress, confusion, and uncertainty. And making a budget with Tiller isn’t as complicated or tedious as you might expect.
Every Tiller Money subscription (and free trial) includes the easy Foundation Template for Google Sheets. This template includes both a yearly and monthly budget.
Once you’ve created your budget, you can more easily see how much you can really afford to save each month.
You can install additional budgeting reports for free from Tiller Labs to help you track your savings goals.
Learn more: Make Your Budget with Tiller Money
4 – Create an Additional Income Stream
For many people, earning additional income is a major or even necessary financial goal. If you’re looking for ways to earning a second income, check out this free spreadsheet ranking 145 side hustles.
When you start earning side income, Tiller provides two templates to make managing cash flow and taxes easy:
- Tiller Simple Business Spreadsheet: Effortlessly track business expenses, know your cash flow, stay organized, and mix and manipulate data from multiple sources.
- Quarterly Estimated Tax Google Spreadsheet: Track expenses and easily estimate your small business quarterly tax payments, all in real-time, all in Google Sheets.
Over 8 million freelancers and small business owners say they prefer to manage their business finances in a spreadsheet. Tiller Money’s automated feeds make those spreadsheets faster, easier, and more reliable.
5 – Get Financially in Sync With Your Spouse or Partner
A Tiller-powered spreadsheet is the easiest and most flexible way to manage joint accounts and successfully reach money goals with a partner.
Because Google Sheets and Excel online are based in the cloud, you can open your budget spreadsheet anywhere, and invite your partner to do the same as an equal contributor.
If you have a purchase you need to communicate about, Google Sheets allows you to tag the other person via email, alerting them to the need for further communication.
The Tiller Money Difference
Tiller Money was designed to help you reach your financial goals.
As Fast Company notes, “Spreadsheets + money = a sense of control.” That same article reports how people who switch from a personal finance app to a spreadsheet are “92% are more aware of their spending habits.”
Tiller Money makes managing your financial life in a spreadsheet 10X faster. See how it can help you reach your goals today.