Context The Tiller Money Labs team recently shared the Savings Budget , a new template that supports the envelope budgeting method. The Savings Budget is a great tool for users wanting to track savings. ( Video demo .) In some ways, the Savings Budget builds on the Envelope Budget (via the Tiller Ad…

[image] randy: How Rollover Adjustment Works The Envelope Budget introduced a concept called Rollover Adjustment to compensate for ways that category savings totals could diverge from real world account balances— i.e. the problem of creating imaginary savings :wink: Uncategorized transactions …

[image] randy: Do you find the Rollover Adjustment calculation useful? How do you use the Rollover Adjustment calculation? The way this is most useful to me is to flag an error. If I have a non-zero adjustment, then I effed something up. [image] randy: Would a less comprehensive (and co…

Thanks again for all the feedback, @aronos & @matta . You have provided food for thought and have helped clarify my thinking. I agree that we should track discrete contributors to budget errors. We can still roll them up into a total compensation factor, but they should be discretely visible as comp…

[image] randy: Did I miss any scenarios we should be accounting for? I can’t think of any more offhand, it hurts my brain a little though. I think one thing to be explicit about, and you captured it in #2, is that it’s just as important to have Savings setup for income as it is for expenses. …

Thanks for diving in, @aronos . The partial savings are definitely not intuitive. There are basically 3 categories of transactions that need to be handled differently to keep a budget true: Budgeted transactions with rollovers turned on Budgeted transactions with rollovers turned off Unbudgeted t…

[image] randy: You ask why I made the Savings setting optional, @aronos ? I guess just because I can imagine users who are comfortable using the Monthly Budget but want to have one or two of their categories accrue as long term goals Okay I guess that makes sense… I’ve never done any sort of b…

I just set this up, and want to say kudos to the Tiller team. I absolutely love it - such a simple and intuitive addition. And now I can easily track things like our travel expenses which are extremely lumpy in nature. Great job!

Really glad to hear it, @jpkica . Thanks for sharing.

[image] randy: P.S. With this tool & workflow, I’d like to stay away from leverages account balances, @matta . There are timing and category-to-account linking issues that are fussy there. Hi @randy , Your 6 point classification looks reasonable to me, though I can’t claim to have thought abou…

Thanks again for the feedback, @aronos & @matta . I just published a new version of the Savings Budget that includes an offset/“Budget Health”/“Rollover Adjustment” calculation per this calculation . It’s hidden to the right of the main content body— just make columns I and J visible. [image] I’m …

🤔 "Rollover Adjustment" in the new Savings Budget

Conversation

Topic		Replies	Views
How should I actually use the Savings Budget adjustments? Ask Anything tcs-addon , tcs-savings-budget	12	2329	June 22, 2021
Savings Budget - checking that it tracks real-world savings Google Sheets tcs-savings-budget	24	2651	November 12, 2021
Rollover Adjustment Warning Wrongly Displayed on Envelope Budget Dashboard Google Sheets envelope-budget , google-sheets , troubleshooting , tcs-savings-budget	36	3023	October 24, 2020
Rollover Savings Clarification Google Sheets envelope-budget , how-to	11	2118	November 17, 2020
Docs: Savings Budget sheet gSheets Templates budgeting , tcs-addon , tcs-savings-budget , tcs-gallery	0	25852	August 17, 2020

🤔 "Rollover Adjustment" in the new Savings Budget

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