Rollover unused Spending Plan money [edited] (10 Merged Votes)
Comments
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I have to agree with @HereFromMint, having been a Simplifi user for a couple of years now it's really hard to understand how the product team is prioritizing things. It's gotten a bit better this year, but e.g. when they were rolling out things like the refund tracker when something as basic / fundamental as the Net Worth report was not available (had been, but rolled back because of issues) makes no sense.
This rollover feature is the top ranked feature request by a country mile. It was originally requested in 2019. It is now 4 years later and just now the product team is thinking about prioritizing this, but still can't communicate an ETA? As a previous Mint user as well, this was a huge thing I missed and seems like something so obvious by just looking at competitors on the market when developing a product.
As someone who heads an analytics team, and is responsible for ensuring that we develop digital products that meet the needs of our clients and stakeholders, I find the lack of awareness demonstrated by the Simplifi product team pretty concerning. Again, things seem to be improving, but quite frankly the only thing that has kept me a paying subscriber to Simplifi vs going to another platform like Monarch is that Simplifi / Quicken seems to have better connectivity than what their competitors can achieve through Plaid and the other aggregators. If anyone catches up on that front, given the pace of Simplifi's development and the odd ways features get prioritized, I could very easily see leaving for one of the other solutions out on the market.
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Here from Mint as well, and agree that being able to rollover unused Spending Plan money would be a great addition. It seems to also relate to another useful feature requested (by others and myself as well) for incorporating actual spending (total expenses) for the month within a spending plan. Tracking actual spending (total expenses) for the month within a spending plan seems it would be a precursor, or even required, in order to implement spending plan roller.
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I’m a paid user who recently migrated from Mint. The absence of this feature for the following motivations seems like a deal-breaker and I’m almost at the point of shopping for alternatives.
- Rollover budgeting helped me keep a zero sum idea of my aggregate balances so that I’m aware of overdrafting my checking account if I decide to spend on something big. With spend planning and watch lists, I have no sense of if I’m overspending in an unsustainable way.
- Annual bills could be budgeted for on a monthly accrual basis in Mint. In Simplifi, the goal-based accrual has to be managed / withdrawn from separately from the transactions, which makes this a disconnected experience.
I think planned spending and watch list in Simplifi are too disconnected. One looks at the future without accruing facts about the past, the other looks at the past without planning for the future. I don’t know if budget rollovers are the ideal solution. But they did solve for this disconnect.
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I started using Simplifi after learning that Mint is going away. I loved Simplifi but had to cancel my subscription due to the lack of support for rollover budgeting. I honestly can't believe this "simple" feature is not supported!!! I believe that Quicken Standard supports this, but I need a 100% cloud based solution, not something running on a PC.
I am now looking at other solutions and will likely end up using [removed], which both support this feature.
Come on Quicken, get this feature into Simplifi and make your users day!!!
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Wohoo!
Chris
Spreadsheet user since forever.
Quicken Desktop user since 2014.
Quicken Simplifi user since 2021.0 -
Another former Mint user here, and would like to stay with Simplifi but I'm not going to unless this feature is implemented soon. My preferred features:
- MVP. Ability to set a particular category budget as "rollover amounts from previous month" (or not), whether the remaining amount is positive or negative. A rollover should probably be the default option, as month boundaries for spending are pretty arbitrary.
- Bonus. Ability to move money between budgets if I want to. In Mint I couldn't easily do this so ended up just changing the category of my transactions, but that's not ideal because then all the reporting is off. Ideally, I should be able to take money from Groceries and add that money to Travel.
You're about to get thousands of people coming in from Mint once they discover that they need to look for an alternate product. A lot of them are going to be pretty shocked to find that budgets can't be rolled over. Please implement ASAP.
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My “woohoo” comment above git merged from a different discussion and was the result of @Coach Natalie saying that the Simplifi team is working on a rollover feature! Unfortunately, I don’t know any more details than that.
Chris
Spreadsheet user since forever.
Quicken Desktop user since 2014.
Quicken Simplifi user since 2021.0 -
They need to announce a timeframe on a roadmap ASAP. Since my subscription is almost due, I am evaluating Monarch that has rollover accounting and a yearly forecast grid for easier budgeting.
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As a user migrating from soon-to-be-defunct Mint, I really miss the option to have budgets rollover from month to month. Would be great to have that feature for the Spending Plan.
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I will be signing up for Simplifi as soon as this rollover feature is released. It is critical to my budget process. I really love the Simplifi app UI and am looking forward to being able to use it again soon. Product Team, thank you for listening to your customers! Any estimate on when this will be available?
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When we budget, we like to be able to put extra money into categories - sometimes it’s from a bonus check, or it’s a gift from family, or perhaps just a third check in a given month, and we want to be able to apply it to a category, but then also be able to roll that amount over from one month to the next (Extra grocery money, for example, that we want to be in the Grocery budget, but we aren’t going to use until something goes on sale, or until we go shopping for Christmas dinner, etc.)
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I hate to be the 'stick in the mud' for those who are waiting for this feature to commit to using Simplifi but I wouldn't.
From my research, the budget rollover feature has been requested as far back as 2019, has hands down the highest requested feature count and has been in Product Team Consideration since 2021.
I really hope they've been working on the solution for ~3 years and it's truly ready to be rolled out soon. If not, this is likely to take months if not years to implement well.
Bottom line, if you can't make one of the very poor 'workarounds' to work, I would move on because it's unlikely to be anytime soon that we see this functionality.2 -
Unless I’m mistaken, they updated this to say they are actively working on implementing this solution now. It is no longer a consideration but an active project for them. Check out the note at the beginning of this thread in the yellow box.
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Hi Beltifi. I reviewed the yellow box as you suggested; however, it only states that "Our product team is planning to add rollover abilities to the Spending Plan!" Planning to add rollover abilities is a far cry from stating they're actively working on implementing a solution.
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Before that update on November 10, it was being considered. I don't remember that exact wording. What would be helpful is for them to have an active roadmap of what they are working on.
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Four years of this being the top request, and this is all simplifi can say about their development? At this rate, in another four years we might have an ETA update.
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Yes, PLEASE. I am switching over from Mint. LOVED being able to have amount not spent one month rollover to the next month. I am going to have to track accumulated amount in a different spreadsheet since Simplifi doesn't have this feature. This should be top priority. Looks like a lot of users would like to see this added! I will definitely be shopping around for 2025 options if not available some time in 2024.
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I'm kind of excited to see the team is now "hard" at work on this (updated status this morning). I was originally against it (when I posted in October of 2022, over a year ago), but I'd like to see how it would work.
For example, if I overspent one month, would it be deducted from next month's spending plan?
Will "Planned Spending" categories be able to roll over their amount (either over/under-used)?
Can I reset the rollover amount to zero for a particular month if I want to start fresh?
Will they release an initial basic version of rollover so something is out, and then allow us to vote on enhancements? Or are they aiming to get it all done at once?
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Rob Wilkens0 -
Glad to hear they're finally working on this! I tried Simplifi a year or so ago and liked almost everything about the app, but couldn't get it to work for my use case because of the lack of rollover or any viable workaround. I'm not going to sign up based on a possible feature coming some indeterminate time in the future, but as soon as the feature is released I will be back to try again!
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Hmmm. Seems like Zillow and KBB integration should also be in progress to solve the basic functionality gaps. Simplify Team, can you give us any idea of timing for these (weeks, months, years)?
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Hello. I'm a recent transfer from Mint and I was sorely disappointed to find the rollover feature lacking here. I disagree with the person above that the feature was problematic in Mint. They included an option for whether or not to rollover on each individual budget, and also a "reset to 0." It worked wonderfully for us for things like electric bill (varies wildly here in Houston), vacation, and summer camp spending. I wish I had known this before I moved everything over, and it still might be a dealbreaker for me.
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Please add this feature. It was one of the most valuable aspects of Mint.
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offer the ability to roll over leftover funds from one month to another
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You’ll want to vote for this Idea Post. This is a popular topic and someone already created this idea.
[removed link to merged thread]
Chris
Spreadsheet user since forever.
Quicken Desktop user since 2014.
Quicken Simplifi user since 2021.0 -
In your June 1 post your shared:
I missed your above when your first posted this and wanted to follow through with a couple of questions.
I've often wondered about what to do with the "Left at end of month". Right now, I just let it go so to speak. I don't rely on money form the previous month to fund the current so rolling over surplus from one month to the next has not been an issue for me. However, I would like to see that surplus accounted for more proactively and I'm wondering if doing something like this (until the currently anticipated roll out of roll over abilities)
First, what happens to the surplus once May Bob pays June Bob? Is the surplus from May used to fund June expenses or do you end up with an even larger surplus that June Bob then pays July Bob?
If you end up with an ever growing surplus, have you found a way to move that surplus into long term savings or investments?
Does the surplus include funds you are accumulating to make recurring nonmonthly payments when they come due? What I'm asking here is whether this is a way to increase you monthly income in such a way that when that property tax bill comes due you can make the payment and it will draw down the accumulated surplus?
If you have some time, I'd like to hear how this is working for you.
Thanks.
Danny
Simplifi user since 01/22
”Budget: a mathematical confirmation of your suspicions.” ~A.A. Latimer0 -
Only ask is to have a monthly carryover option for planned spending categories. If I have a category that I'm targeting to spend $100/month but only spend $75, I'd like to see the availability balance the next month be $125.
Thank you!
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I saw that they are working "hard" on what is called "rollover", but it's not clear if that will be "category based" in its first version (it might be).
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Rob Wilkens0 -
That would be awesome. Loved that feature from Mint.
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I'm also a Mint refuge as of today. I was disappointed to find that you couldn't carry over amounts from monthly budgets to the next month's budget. I'm surprised to see that this feature has been requested for over 4 years now and only recently it looks like the devs are working on it. It seems like a very basic feature to have in any serious budgeting app.
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I am among those searching for new budgeting platform having used mint for almost a decade. The lack of rollover feature is a dealbreaker for me as I look for a new platform. I use that feature to accrue for annual, semi-annual, quarterly expenses.
Having to change apps is not easy and I don't intend to change again once I have settled on a mint replacement. I like Simplfi and I was hoping it could be the solution, but it just doesn't meet my need right now. I do not have weeks or months to wait on this feature to be implemented.
Is there any update on a timeline?
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