Hello, I have a savings account where I have my own spreadsheet, and I have categorized my savings account into several “sub-accounts” or buckets. Some examples of the buckets I have are quarterly expenses, an emergency fund, and taxes. Is there a way to have this set up on Tiller where I can have transfers to and from these specific buckets or sub accounts and have their balances?
This request comes up periodically in the context of Ally’s Buckets or SoFi’s Vaults. They are not supported at the moment, and you can see @randy’s reply to the idea in a Feature Request thread here.
I use Betterment and WealthFront and these have buckets/categories. I mainly have my WealthFront funded and just have Betterment as a backup, but it has nothing in it currently. Each of my categories are pulled in as separate categories although they don’t have account numbers associated to them. I have a regular savings, an emergency fund, and a vacation fund. I can probably add more at a later time. Each of these are separate as I mentioned above and any transfers, I make from my cash account (checking account) is pulled in by Tiller as multiple transactions just like if I had made transfers to and from regular accounts. Not only do I not need to manually micromanage these as WealthFront allows you to set up max amounts you want to be funded in each category and the minimum you want in the cash account. So it automatically transfers a percentage of funds periodically to meet these goals and even cancels an auto scheduled transfer if your cash account doesn’t meet the minimum set amount. It even allows you to set a max so for my savings account I set a max of 1k and once it hits that max it no longer transfers funds into that category and uses that portion to fund higher goals such as my emergency fund. And best of all everything gets a 5% interest rate including the checking account. I don’t know if Betterment has these extra features, nor do I know anything about SoFi even though I do have an account with them but just don’t use it. Doing it manually from one specific account wouldn’t allow this simple automation in Tiller.