Posts tagged: sweep

Sweeping Envelopes

By , July 16, 2012 5:47 am

Matt writes:

Is there a simple way to “sweep” leftover money from multiple envelopes into another envelope after bills are paid and some funds still remain at the end of the month?

For instance, say I budget $300 for electricity, $100 for cell phones, and $75 for the water bill each month. But this month the bills only come to $250, $75, and $55 respectively and $50, $25, and $20 is then left over in those envelopes. I’d like to move all of those leftover funds into another envelope (say, “Savings”) at that time. Of course, I could do several individual transfers from envelope to envelope to accomplish this. I’m just wondering if there’s a way to sweep them all out at once that I just don’t know about yet.

Sure there is. This method is sort of an undocumented feature, but I’ve used this method a few times myself.

Basically you would want to select your savings envelope, or the envelope you want to sweep funds into, then click the allocate button.

Now, instead of entering amounts to allocate from your savings envelope, enter negative amounts to pull funds from other envelopes into your selected envelope.

I created a demo account and recorded a short video to show what I mean:

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