What are your recommendations for categorizing bi-monthly IRA contributions on the Categories tab so they’re coded properly on the Transactions tab? Technically it’s not an expense but it’s a transfer. It seems like marking it as a transfer will decrease the ‘net worth’ figures even though these tra…

@mikerjaffe There is absolutely nothing you can do on the categories and transactions tabs that will impact your net worth in Tiller. It is likely a transfer. Why not link the account to Tiller?

Thanks for your insight. I’m guessing it’s a transfer too. Reason for not link our accounts into Tiller is because we want to use this as a budgeting tool; too tempting to look at the market fluctuations on a regular basis and want to change something.

There are many ways to deal with that, some people just simply assign them to a hidden category. I think a “very correct” way of handling them is to categorize the initial deposit to your IRA as income. Really, that’s what it is. It’s money you earned that isn’t reflected in the deposit from your em…

Tiller is so much more than just budgeting. Like me, many use it for tracking. Regarding your temptations, just link the account and then read a couple of articles or a good book on behavioral finance. Cheers.

Here are also a couple other existing threads on this subject: [image] How to Categorize and Group Roth IRA Transactions Google Sheets Hello Brad, This is very helpful. I will put these suggestions to immediate use. Thanks so much! [image] How to ca…

Recommendations on how to Categorize Bi-Monthly IRA Contributions

Spreadsheets Google Sheets

heather January 15, 2021, 2:17pm 6

Here are also a couple other existing threads on this subject:

Topic		Replies	Views
How to categorize or incorporate IRA withdrawal in Tiller Budget Google Sheets advice	9	1381	November 20, 2024
IRA Transfers and Budgeting Ask Anything how-to	3	146	December 1, 2024
How to categorize IRA withdrawals Ask Anything	4	882	January 11, 2022
Managing transfers between accounts Microsoft Excel	8	538	May 23, 2024
How to Categorize and Group Roth IRA Transactions Google Sheets how-to	5	1781	November 4, 2020

Recommendations on how to Categorize Bi-Monthly IRA Contributions

Related topics