Hoping against hope that this day would never come…alas it looks like it has. I got the notification today when I tried to Analyze Budget History my envelope budget. This solution is going away.
The Savings Budget offered as an alternative is nowhere near as capable as this feature. I cannot for the life of me understand why Tiller would forfeit all these features. Looks like I have to start looking for an alternative…
OH i’m totally going to look into this (I just ordered but screwed up my email address… note sent). Envelope budgeting is what I felt really differentiated Tiller but as long as there’s some option I’ll be happy.
It sounds like you have looked at the newer Savings Budget. The Savings Budget is a forward-looking, ground-up rebuild based on learnings from the origingal envelope budget concept with the following advantages:
I realize that not all the features in the original envelope budget made it into the Savings Budget. I also realize that personal-finance workflows can be… well… personal.
Sunsetting the envelope budget add-on helps us improve security & performance and also focus efforts on tools that we can maintain and that have had more success with the majority of users.
If you aren’t satisfied with the Savings Budget and haven’t checked out @richl’s Envelope Budget v2.0, it’s worth a look. It is a more faithful execution of an envelope budget system than either of the Tiller Labs templates. He has been responsive to user feedback and has put a ton of time into sanding off the rough edges.
Thanks Randy, I guess, as with almost everything, there are many layers to something that might not be immediately evident. Thank you for the explanation.
I really want to stick with Tiller applications so I’m going to try to make the Savings Budget work. I do hope that over time you guys add those features back in, it does seem like a lot of people use that budgeting method.
Frankly, we took a pretty big swing at that first version of the envelope budget with a lot of advanced and niche functionality. It made the code and formulas pretty complicated to debug, execute, and maintain and also required a lot of learning and understanding from users. Some users, like you, pushed through and reaped the benefits of that complexity, but many users were not able to reach that point.
In subsequent templates, we’ve tried to better optimize for the balance between capability and simplicity. The Savings Budget is definitely a step in that direction— fewer advanced features, but relatively easy to onboard to and use… and, since the template is a spreadsheet, advanced features are always achievable with some elbow grease.
I’m curious what feature(s) in the Envelope Budget you miss when migrating to the Savings Budget.
I’m about 4 hours into trying to use the Savings Budget and honestly, there are some real improvements. I like the ability to have a month-by-month record of how I have adjusted my budgets. The absolute biggest thing I will miss is “rollover to”. I used that in many of my categories.
I’m also finding the Savings Budget to pretty much meet my needs coming over from the envelope. I’m just starting new (not importing any old data) at this point outside of my ‘savings number(s)’, so July 1 was an easy place to start.
Def liked the previous “rollover to” feature - i’ll keep an eye on this manual step to see how it works!
Thanks @randy I’ll give that rollover a try at the end of July.
I spent this weekend getting everything moved over to a clean worksheet with the Savings budget. So far, so good. I got my custom dashboard all set-up again. In fact, I found a bug that I think will solve a problem that had me pulling my hair out for years. We’ll see August 1st if it’s fixed.
Hi @randy - waited a few days into August and now I’m ready to give this a try… couple of questions first:
When I go to my Savings Budget Tab to add the updates, I assume I need to set the " Adjust ± Modifies" to “Savings”?
What Month should I be running this in? I might be over-thinking this, but it seems like I should be adjusting my savings with August Selected (current month), even though I need to generate the ‘staged’ data with July selected…??
FYI I played around and decided to run this with success! To answer my own questions ::
Mark the “Adjust Modifies” to “Savings”
I ran the ‘update savings’ in the new month (in this instance, august) though I generated the rollover-to information from the previous month (july). I feel this most represents the original rollover-to scenario i’m used it; the journal captures all of this accurately (woo), and if you go back to the previous month it keeps the spreadsheet accurate for that time period.
Okay, I figured it out. I just created a Data Validation that looked-up values from the Categories sheet. So that works.
When I copied over the Rollover sheet (actually it just magically appeared in my budget sheet after I opened it) it created a column named “Rollover” in the Categories sheet. At least I think it created it, I know I didn’t and I don’t think it was there before. At any rate, I changed the name to “Rollover To” as the directions specify, and now it works a treat.
@brewer.05, I’m glad you were able to get transitioned. I was thinking of you as I was writing the sunset announcement “He is going to be upset by this decision” - as I’m sure many others are. @randy explained well our decision for sunsetting this template/add-on so I don’t have much to add there.
But I would love more feedback from you on your perceptions of the differences between the two. What worked well in the Envelope Budget that doesn’t work so well in the Savings Budget? Or is missing in the Savings Budget? And vice versa.
Having customer testimonials about this transition will be really helpful for encouraging others that it’s not too hard to get switched and stick with Tiller.