Overview
Planned Spend 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 Spend Rollover!
For more details on using Planned Spend or the Spending Plan in general, please see our article here!
Before You Begin
Rollover is only available for a Planned Spend series.
You can only view and manage Rollover for the current month and future months.
When Rollover is enabled, any unused available funds are automatically carried forward to the next month for that Planned Spend series.
Because available funds are rolled over automatically, you won't see the option to Release Available Funds for that series.
Auto-release does not apply to Planned Spend series with Rollover enabled.
Rollover won't change your overall Spending Plan available amount.
Planned Spend series without Rollover enabled continue to follow the standard Planned Spend calculations.
How Does it Work?
When Rollover is enabled, any unused available funds at the end of the month are automatically added to that same Planned Spend series in the following month. If you overspend, the overspent amount is carried forward and reduces the funds available in the next month.
Let's say you have a Groceries Planned Spend series with a target amount of $400 per month. You can use the rollover feature in two scenarios:
| Underspend | Overspend |
Current month Target | $400 | $400 |
Actual spending | $350 ($50 left over) | $450 ($50 over budget) |
Next month's Available | $450 ($400 target + $50 rollover) | $350 ($400 target - $50 rollover) |
Enable Rollover for an Existing Expense
For detailed steps on creating a Planned Spend Expense, click here.
Tap the Menu (three-line icon).
Select Spending Plan.
Locate the Planned Spend section and tap it.
Locate the existing expense and tap the three-dot menu on its right.
Select Edit expense series.
Tap the Roll over funds each month toggle at the bottom.
To manually enter the previous month’s rollover balance (+/-), use the ‘Opening rollover’ field.
Tap Update.
Change a Rollover Amount
Simplifi automatically calculates your rollover balance each month based on your spending. If needed, you can manually edit the rollover amount for the current month. This can be helpful if you want to adjust the balance being carried forward or reset the rollover amount and start fresh.
Tap the Menu (three-line icon).
Select Spending Plan.
Locate the Planned Spend section and tap it.
Locate the existing expense and tap the three-dot menu on its right.
Select Change rollover amount.
Enter the new Rollover amount.
Enter $0 to reset the rollover for the current month.
Tap Update when done.
Disable Rollover
Tap the Menu (three-line icon).
Select Spending Plan.
Locate the Planned Spend section and tap it.
Locate the existing expense and tap the three-dot menu on its right.
Select Edit expense series.
Tap the Roll over funds each month toggle to disable rollover.
Tap Update when done.
If you're looking for steps specific to the web app, please see our article Using Rollover in the Planned Spend Section of Your Spending Plan.
If you have any questions or need help using the Rollover feature in Quicken Simplifi, reach out to our support team.