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Using Rollover in Planned Spending
Using Rollover in Planned Spending

Learn how to use the rollover feature for Planned Spending

Natalie avatar
Written by Natalie
Updated over a week ago

Overview

Planned Spending is typically used to budget for items that fluctuate each month, such as gas and groceries. A lot of users find it beneficial to roll over the underspent or overspent amount for these types of budgeted items from month to month, so we have added the ability to do so in Quicken Simplifi! Below, you can learn all about Planned Spending Rollover!

For more details on using Planned Spending or the Spending Plan in general, please see our article here!

Note: Rollover is currently being rolled out in stages to Early Access users.

Things to Note:

  • Rollover can only be enabled for a Planned Spending Series, not one-time expenses.

  • The rollover setting can only be seen and changed in current and future months, meaning the feature is not retroactive.

  • Planned Spending Series that have rollover enabled will always use the target amount when calculating the Spending Plan totals, meaning if you overspend or underspend, the 'Available' amount in the Spending Plan won't be impacted. Instead, the rollover amount will be reflected in the following month for that individual Planned Spending Series.

  • Once rollover is enabled for a Planned Spending Series, you will no longer have the option to release your available funds. The available funds will instead be moved to the next month.

  • For Planned Spending Series that are not set up for rollover, the calculations will stay the same, meaning overspending will be counted toward the Spending Plan totals, and underspending will use the target amount unless the leftover funds are released.

Enable Rollover for a Planned Spending Series

Whether the Planned Spending Series already exists in Quicken Simplifi, or you're creating a new Planned Spending Series, you can access the rollover feature by navigating to the Spending Plan and then selecting Planned Spending.

Once rollover is enabled for a Planned Spending expense, you will see an icon indicating such. The progress bar of the expense will also be updated to reflect the rollover amount, and you can use the info icon to see a breakdown of what was originally planned, the rollover amount used, what's been spent, and what's remaining.

Enable Rollover for an existing Planned Spending Series

  1. Locate the existing Planned Spending expense and click the three dots to the upper right of it.

  2. Select Edit expense series.

  3. Use the Roll over balance each month toggle to enable rollover for this expense.

  4. If you'd like to start the expense with a previous rollover amount, enter the amount in the Opening rollover field.

    1. For example, since this feature is brand new as of March, you can start March with a rollover amount, perhaps to account for an amount that's been rolled over from January/February. This number can be positive or negative.

  5. Click Update when done.

Enable Rollover while creating a new Planned Spending Series

  1. Click the Add Expense button in the upper right.

  2. Select Monthly expense.

  3. Fill out the information, such as the Category, Amount, and an optional Name.

    1. If an optional Name is not entered, the Name of the expense will be the Category that's used.

  4. Use the Roll over balance each month toggle to enable rollover for this expense.

  5. If you'd like to start the expense with a previous rollover amount, enter the amount in the Opening rollover field.

    1. For example, since this feature is brand new as of March, you can start March with a rollover amount, perhaps to account for an amount that's been rolled over from January/February. This number can be positive or negative.

  6. Click Create when done.

Change a Rollover Amount

You can change the rollover amount in the current month, which essentially clears the rollover value for that month. You can change the amount to $0 or any value of your choice (positive or negative).

  1. Locate the Planned Spending expense and click the three dots to the upper right of it.

  2. Select Change rollover amount.

  3. Enter the new Rollover Amount.

  4. Click Update when done.

Disable Rollover for a Planned Spending Series

  1. Locate the Planned Spending expense with rollover enabled and click the three dots to the upper right of it.

  2. Select Edit expense series.

  3. Use the Roll over balance each month toggle to disable rollover for this expense.

  4. Click Update when done.

If you have any questions about using Planned Spending Rollover, our Support Team is happy to assist!

To learn about using Planned Spending Rollover on the Quicken Simplifi Mobile App, please click here!

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