Help Workshop a Savings Template Concept

Spreadsheets Sheets Templates
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Hey @ErinC!
Welcome to the community and thanks for sharing your workflow.

  • You’ve got a good point on the Progress indicator. It needs a name change at the very least (e.g. Spending Completed). Thanks for flagging that.
  • A workflow to deal with those big non-monthly expenses (e.g. federal taxes) is an important unlock for many users. In some ways, however, envelope budgeting feels like the right solution since one can estimate an allocation for the year and then keep bumping out the unspent budget to when the charge ultimately hits.
  • Your approach with the To Savings for Everyday Expenses and From Savings for Everyday Expenses categories sounds similar to how @hfinkelstein uses his Savings and Dipping into Savings categories above.
  • It’s interesting to me that you unlinked the savings accounts. I see that that helps with the unbalanced transfers, but I would think having Tiller Money Feeds pull in your savings balance would be valuable.
  • I also have a custom planner tab to show when large expenses hit for our family budget. (Instead of driving my savings planning though, it drives our budget in the Categories sheet; it helps make the budget array nimble and responsive when timing changes.)
  • I like what you’ve done with your Savings Budget. Spreadsheets are such great tools for personalizing your financial workflows.
  • Your final point about “could help me model scenarios” echoes what @richl said above about “what-if planning”.

Thanks for all the thoughts and insights.
Randy