How can I carry over the positive and negative balances in my budget month to month?
For example, let's say I budget $15 for coffee each month. In February I spent $10 on coffee, in March I spent $25. I need to spend only $10 to bring myself back into a balance. But it looks like every month, the budget just resets.
Another example would be annual events like an insurance payment. I can put in a monthly amount, but how can I know I have x amount saved up for that category/purpose over time?
At this time, HelloWallet does not offer a Rollover Budget feature in our web platform. However, this is a great idea! I’ll make sure to list this as an enhancement request and send this information to my technical team. We do currently offer our Flexible Budget tool in our mobile application, which allows you to plan your Budget for the upcoming month. We are hoping to have this added to our web platform soon as well.
For your insurance payment, although you only make this payment once a year, each time you set aside an amount for this bill you can list this with a customized category to track the total amount you have saved for this expense. You can create this category on the Plan tab of your Budget. If you have further questions, feel free to reach out to us at firstname.lastname@example.org, and one of our representatives will get back to you as soon as possible.
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