Planned Spending Rollover: Share your feedback here!

I just got mine all set up. The one thing I don't like…if I have a planned spending category with rollover enabled, and I overspend my available with rollover balance, I think that overspent amount should count towards your current month "available" and not roll over the negative balance to next month. I see how that is useful, but not in every case. I hope you guys can make an option to apply overspending to the current month, but only roll over underspent amounts to the next month. For example, if I have a planned spending amount of $250 per month, but an available with rollover balance of $750, and I spent $800 that month, I wish the original $250 planned spending AND the $50 overspend would apply to the "available" balance on the overall spending plan.

Edit: Similar to how it was done before…if you planned to spend $250 per month, but you actually spent $300, your planned spending for that month would have a red exclamation mark, and it would count the overspent amount totaling $300 instead of $250 in your overall available spending amount. I wish it would count my original $250 planned spending, plus any current month overage from what I actually spent compared to my available with rollover.

This is a great start and I love the new feature, just hope it gets fine-tuned to allow some more flexibility in how it impacts the spending plan calculations! Thanks team!

I agree with you bonjiovanni. It would be better to wait until users actually get the new feature before creating the buzz and asking for feedback to avoid any unnecessary confusion and frustration.

I finally got the rollover feature enabled last night. I plan to keep things simple: I will use the rollover only for monthly expenses that are variable but that I want to have a yearly budget based on my expense history (by the way, the tool gives you a good estimate based on 6 months but you can check under reports for longer periods). I then divide that amount by 12 and enable the monthly rollover. For any other expenses that are more predictably on any fixed frequency, I just use recurring payments under bills or subscriptions. I believe this is the way the developers have in mind with Simplifi so I plan to give this a try and see how it works going forward. I am sure others may have other ideas on how the new rollover feature may help them track their expenses.

Danny, for variable expenses I have groceries, health, car maintenance, gifts, gas, shopping, vacations, eating out, etc. On the other side for fixed expenses under bills or subscriptions, I have memberships, streaming services, phone bills, cable, insurance payments, and anything it is a pretty much set payment on an given frequency for which I created a recurring reminder linked to those expenses. FYI, I always had fix expenses under bills and subscriptions and variable ones under planned spending so for me it was just a simple matter of enabling the new rollover feature in all my planned spending expenses and making sure the monthly budgets is based on my last years monthly averages, unless I anticipate a change for an expense in which case I will put the anticipated future annual expense divided by 12. One last thing I do with the new rollover feature, given that we are enabling it in March and not in January, is to look at January and February expenses in each category to see if there was any significant over or under spending from my set budget in March, and if it was I adjust the current rollover amount by that amount to start March with the most accurate amount. I try to keep all my monthly expenses amongst Bills, Subscriptions, and Planned Spending buckets, and keep the Other Spending bucket as close to zero as possible, only with miscellaneous rarely used expense categories. Quite simple. I hope this helps.

@Coach Natalie, it appears that you can only activate rollover for a series created in the current month or one in the future? Is that right? I'm trying to go back to January to create a rollover series for the year, but the option isn't available in previous months.

Jsy42, you can calculate your rollover amount from January and February and enter it in the “Current rollover” field to the left of “Applies to March 2024”. Like a Rollover offset. This is what I did.