Rollover Management system for bills that vary each month (like utilities) [edited]

davecave
davecave Member ✭✭
edited December 2021 in Feature Requests

I'd like to be able to set a monthly average amount for the bill. If the bill transaction is under the average, then the remainder goes into a "fund". The fund is used for the bills that go over the average amount. This is really crucial so that I have enough money for when the bills are much higher (gas bill in the winter for example).

Other budgeting apps have solutions for this, like EveryDollar and Simple.

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  • avlphoenix
    avlphoenix Unconfirmed, Member

    YES! Need this option

  • HSC
    HSC Member ✭✭

    100%!

    Also need this for income which changes month to month. For a lot of people this is the case - people who earn commission, tips, do contract work etc..

    I've noticed that if I have recurring income or bills, and manually tell the app that a new entry is part of the recurring series, it doesn't update the series' expected amount at all. Maybe it should update it to be the new average with each new data point?

  • Coach Natalie
    Coach Natalie Administrator, Moderator admin

    Hello All, 

    The Community Support Team reviews long-standing Idea posts for relevancy and current interest. This Idea seems to have fallen stagnant and we would like to gauge the current level of interest in this request. 

    If you would like to see this Idea implemented, please add your vote and a comment explaining how this request would be beneficial for you. More details on voting for Idea posts can be found in our FAQ here. 

    Thank you,

    Quicken Simplifi Community Support Team

    -Coach Natalie

  • EL1234
    EL1234 Member ✭✭✭✭

    I'd use this! The current alternative would be to use a Spending Plan category with rollover for them, but then you can't schedule them as recurring bills and then there's no way to plan for them in Cash Flow. But if I just use recurring bills then it's only accounted for in the Spending Plan for that specific month in which it'll occur, which means there's no intuitive way to "save up" funds for them throughout the rest of the year. I've read that some people use Savings Goals for this but it seems like a lot of hassle to set up and maintain (and need to "ignore" the transactions when they do occur which seems counterintuitive)

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