Tiller Survey Finds that 96% of People Who Switch to a Spreadsheet for Personal Finance are Satisfied

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Results suggest that a spreadsheet may provide more benefits than a personal finance app for people who are serious about tracking their finances.

Tiller Money, a personal finance startup on a mission to make it easy for anyone to use a spreadsheet for financial tracking, today – in honor of National Spreadsheet Day – announced the results of a survey of people who use a spreadsheet to track their spending.

A key finding from the survey is that 96% of people who switch from a personal finance app to a spreadsheet are satisfied.

To celebrate Spreadsheet Day, Tiller Money worked with a market research firm to survey 100 people, all of whom have tracked their finances for three months or more and, after having tried at least one personal finance app*, are now using a spreadsheet.

They found that:

96% are satisfied with using a spreadsheet compared with the app they tried
92% are more aware of their spending habits now they’re using a spreadsheet
89% say spreadsheets give them more control over how they track their finances
83% think spreadsheets are easier and simpler to use than the app they tried
81% say spreadsheets have better reporting options

Thirty seven years ago today, on October 17, 1979, VisiCalc, the first computerized spreadsheet program, was launched. Widely known as Apple’s “killer app” for single-handedly driving sales of the Apple II computer, the $100 software program was described as a "magic sheet of paper that can perform calculations and recalculations." Home budgeting was one of VisiCalc’s primary personal uses and even today spreadsheets continue to be the preferred method for managing personal finances.

“The humble spreadsheet gets so little attention among the myriad of personal finance apps out there, but sometimes it’s the original tools, the most basic ones, that really are the best for a given job,” said Peter Polson, Tiller’s founder. “While fintech apps are racing to add more automation, slicker interfaces, and fancier features, we see people sign up for Tiller who are frustrated with so many features and updates. They want to get back to basics. They want flexibility and control. The results of this survey get at the heart of why we built Tiller in the first place.”

To learn more and sign up for a free 30-day trial of Tiller Money, visit http://www.tillermoney.com.

About Tiller Money

Tiller Money is the only personal finance tool that builds upon the robust features of Google Sheets with ready-made templates, reports, and a daily feed of bank transactions. For people who want to know where their money is going and make better spending decisions, Tiller providers the most powerful, flexible tool available – a spreadsheet – but without the pain and frustration of manual data entry or report building.

For more information, visit https://www.tillermoney.com

*Mint, Quicken, Level Money, Personal Capital, or others.

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Tiller Money
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