Spreadsheet budgeting


(Richard) #21

Far too kind :joy::joy:


(Edward Shepard) #22

Edward from Tiller here. Thanks @Tom-H for mentioning our templates. It’s great to read what people like (and don’t like) about spreadsheets for managing money. I love seeing the custom spreadsheets people have built to serve their specific financial goals and situation. I recently wrote a mega post about the unique benefits of using spreadsheets to manage money here. I’m not currently a Monzo customer, but I follow the platform closely and am interested in trying it in the future.


#23

Thank you for the reply Edward

Why have you not taken the plunge?

Being able to see all your transaction live means you can keep your spreadsheet as up to date as possible

I wondered if you ever conisdered working with Monzo to auto fill a spreadsheet?


(Tom) #24

Our spreadsheet is relatively straight forward.

A list of our bills (basically all our Direct Debits) and their payment dates, then a list of everything non-bill related, like Groceries, Petrol, Days Out etc.

I’ve set up a really basic calculation to add all the expenses together, and then subtract from our incoming funds.

It’s not perfect, but it does a good job of focussing us on what necessary spends we have coming up. I get paid weekly, so we update it weekly, which means we’re always pretty on top of it.

Ideally, when Monzo releases it’s Weekly summary option, we can look to transition over to that.


(Tom Halloran) #25

Hey @EShepard, welcome to the forum! Tiller looks cool, I guess it’s only in the states though at the moment right, any plans to come to the UK?


(Edward Shepard) #26

Tiller currently only directly supports US-based institutions, but we do have many UK-based customers. We’re working on expanding UK support in the year ahead. I don’t currently use Monzo as I’m based in US but it really looks fantastic.


#27

Well best of luck in the US and when you do move to the UK hopefully you will team up with Monzo


#28

Oooh, mine hasn’t been used since August because Monzo covers so many basics now, but this is the latest version I used for over 2 years. I think this was version 3 or 4 though :thinking:

Split into Car / Set DDs / variable DDs / non essential DDs / saving / credit card payments

59


(Justin) #29

For me it’s fairly simple using the 50/30/20 rule
50% is for essentials
30% is for spending
20% is savings


(Colin Robinson) #30

Reminds me of what me da said to me many yeas ago, 1/3 to your ma for looking after you, 1/3 to you for spending, and 1/3 to savings so when you leave home you’ll have something.