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Performing the Initial Rollover

MoneyWell helps you track your spending by allocating your income to your expense buckets each month. Initially, you may have more income in your account than just what you earned in the current month because you had money left over from last month. To bring this extra money over the first time, MoneyWell allows you to set an amount for your Initial Rollover. You can also decide to start tracking rollovers earlier than the current month just by changing the rollover date.

Initial Rollover

To perform the initial rollover:

  1. Click Activities > Revise Initial Rollover
  2. When the initial rollover panel appears, pick a bucket to store the amount
  3. Set the amount left over from previous month (add up any money you haven't spent by the ending date of that month)
  4. Optionally, change the date for your first rollover (you only need to change this if you are planning on allocating income for that previous month)
  5. Then click OK

Rollovers recalculate automatically, so you don't have to do anything with them other than set this initial amount. Each bucket tracks its own rollovers. This means if you haven't spent (or allocated) all the money in your Salary bucket, you won't lose that amount, it'll just get added to any new amount in the new month. The same goes for overspending. If you have a negative balance in a bucket, that will be carried forward to the new month.

See also

money flow