We’re working on some concepts for offering intuitive and simple savings workflows as part of our core supported product template portfolio. One thing we’re eager to get your feedback on is how you think about savings.
Please note, because retirement/investment (long term) savings are much more complex, we’re initially focusing on a short to medium term/lumpy expenses perspective (e.g. property taxes, next car, vacation, college, etc).
As it relates to short/medium term savings and lumpy expenses, do you prefer to save using an “envelope budgeting” method (e.g. money in a category that’s left over/unspent from last month is available this month and you see it accrue or “saved up” over time) or are you just wanting to know the money you have set aside for a specific expense, item, event, or goal is available in your bank account(s) and see how you’re tracking toward that goal (e.g. I want to see that I have x dollars in my separate vacation fund and that checks out with my real account balances)?
As you’ve tracked your savings in Tiller or other tools, are you making transfers from a checking account into an actual savings account, or is everything saved in one single account, like a checking account?
If you could wave a magic wand, what would your perfect savings workflow in Tiller look like?