![]() Many personal finance apps use subcategories to give additional detail in tracking your transactions.įor example, Mint and Quicken use categories, tags, and subcategories, while YNAB uses groups and categories. Hide from Reports – exactly what it sounds like.Īdditionally, you can add a “ Tags” column for an additional level of reporting and tracking.Type – The common types of categories, like Expense, Income, and Transfer.For example,įood” might group Restaurants, Snacks, and Groceries together. Group – Use this to organize categories into groups.For example, Dining Out, Phone, Office Supplies, etc. Category – You can add up to 200 total categories.The Category sheet includes four columns: Here’s a simple version of the Category sheet as seen in Tiller’s Foundation Template: Groups, Categories, and Tags Meanwhile, the Category sheet is where you create, rename, and otherwise manage all your categories. (You can also use AutoCat to do this automatically, as shown below.) You create your categories in the Categories sheet Categories Sheet This is also where you manually categorize your transactions. All your transactions flow into the Transactions sheet Transactions SheetĮvery transaction including all your income, expenses, and transfers from all your linked accounts flow into a single, unified Transaction Sheet. When you get started with Tiller’s automated financial feeds, a Transactions sheet and Categories sheet will be installed in your Foundation Template or custom Google or Microsoft Excel spreadsheet. Tiller automatically updates spreadsheets with your latest spending, account balances, and other transactions. How Transaction Categories Work With Tiller Read more about our budget category suggestions here. Or even three, as seen with the 50/30/20 budget. Many people can effectively track their money with just five categories. Our only advice about categories is to keep them simple. We do have a little advice about setting up your categories… But the payoff is a truly personalized system for tracking your money, your way. Truthfully, setting up categories with Tiller does take a bit more effort than other tools. And only you decide if, how, and when your transactions are automatically categorized.Īnd to keep everything easy, clear, and uncluttered, we do this all with flexible, automated spreadsheets. You are the only one who creates, deletes and renames your Tiller categories. That’s why Tiller gives you more control of your budget categories and auto-categorization rules than any other automated personal finance tool. ![]() To truly understand your money, your transaction categories must be precise, accurate, and personally meaningful. We don’t impose our rules or opinions on the categories you use. ![]() Tiller takes a different approach to categories When it comes to deciding how your transactions are assigned to these categories, most personal finance software tries to make choices for you.īut while the goal might be to keep things simple, the result is often frustration with categories that don’t reflect the way you actually think about your money.įor example, Mint doesn’t let you delete its default master categories, and Empower only allows you to create 30 custom categories. ![]() Filing these transactions into categories like “groceries,” “subscriptions,” and “car payments” is the basis of personal finance software. When it comes to money, everything is measured in transactions.Įvery time you spend or make money, each transaction adds or subtracts to your net worth. ![]()
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