I am confused on the Budget/Actual/Available in regards to my savings. All of my savings goals are fully funded for the month, and one of my savings goals (our trip to Canada) is completely funded. Why is the “Available” for my Long Term goals “0” even though I have money designated to those accounts? And why is the “Available” for Canada “$3,000”? Is it cause it’s fully funded and the others only have $20-$30 in them?
Based on the screenshot, I think you would do better with the Savings Budget. I’m not sure how you are creating your monthly “actuals” in the screenshot but the Savings Budget is a simplified envelope budget that will accrue unspent budget (as “savings”).
@randy So now that I am using the Savings Budget, my question is still the same… Why does it show progress on my Long Term Goals, but it shows “$0” for our Short Term Goal of our Canada Trip, even though that $3000 is fully funded?
Now, a side note: We had the $3000 for Canada in January. But we didn’t start using Tiller until February 1st. So I had to “assign” or allocate the $3000 balance in our Savings Account to the Canada category.
With the short term goals, we moved that money after February 1st so there were actual transactions.
I think there may be a little confusion on how these tools interact.
The Savings Goals sheet does not feed into the Savings Budget.
The Savings Goals sheet is about setting long term TARGETS for savings and understanding how long they will take to achieve based on existing balance and monthly budgets.
The Savings Budget does not consider savings targets.
The Savings Budget simply allows you to budget for direct monthly expenditures (like Groceries) and also long-term expenses (like a periodic car insurance payment). Any unspent budget will accumulate and rollover to the following months and show in the next months Savings category. That period’s available spend will then be the rollover “Savings” + the current month’s “Budget”… so you can save for a trip for several month by not spending Vacation then have a large budget for your trip.
In the screenshots, I can’t tell where the Actuals are coming from on your Long Term items. I don’t think there should be actuals (which reduce the savings) for these items.