Allocating Income

The First Allocation

MoneyWell keeps track of more than just your current transactions for the month, it also knows when you have money left over from the previous month. So how does MoneyWell keep that unspent money available after a month ends? It creates a rollover for each bucket.

Rollovers are hidden so you don't have to deal with managing them. The first time you try to allocate income, MoneyWell will prompt you to do an initial rollover. Since there is no way for MoneyWell to know what you have left to spend from the previous month, this initial rollover is your opportunity to educate it.

Follow these steps if the Initial Rollover panel appears:

1. Pick the Income Bucket that you will primarily use for allocating your money
2. Change the Rollover Amount to the exact amount you have left to spend from last month
3. Click Now to save the rollover

Monthly Rollovers

Rollovers will happen automatically each month. MoneyWell will ask you before doing the rollover so you have a chance to delay it. You should tell MoneyWell to do a rollover later if you haven't finished entering all the transactions for the previous month.

If all your transactions are current for last month, go ahead and click Now to bring your bucket balances up to date.

You only have to do a rollover once a month and MoneyWell will tell you when. If you click Allocate Income and you go right to the Allocate Income panel, that means that your buckets are current.