Envelope Budgeting (Q Mac)- (9 merged vote)
Comments
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Hello All,
The status of this Idea has been changed to Under Consideration as it has reached enough votes and has been submitted to our Product and Development team for further review.
Thank you!
Quicken Kristina
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After reading the idea and comments, I don't think the original comment is really envelope budgeting. In envelope budgeting when you budget money to an envelope, you stop spending from it when it is empty until you are able replenish the envelope from your future inflows.
On the next budget period, you modify your envelope budgets based on what you learned. I don't see how you learn to budget well and stick to it if you add an afterthought option to just move stuff around. If you must change a budgeted category, you can do that right now by decreasing one budget amount and increasing the category you want to move it to. You don't need a program change to do that.
Win 11 Pro - Quicken Windows Classic Premier - v64.30
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Hello All,
The status of this Idea has been changed to Planned as it has been accepted by our Product and Development team for future implementation. Quicken's product development teams do not provide an estimate of when new/enhanced features will be completed and released.
Thank you!
Quicken Kristina
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I am most seriously disappointed. I was under the impression that Quicken Deluxe can handle envelope budgeting. I subscribed today, spent my whole afternoon connecting accounts, copying my budget details in, and classifying transactions, only to discover that envelope budgeting DOES NOT EXIST ON QUICKEN FOR MAC. I chatted with a customer service agent this afternoon who confirmed immediately that the function exists for PC but there's no plan to add this feature for Mac. I am torn between crying and screaming and I am going to have to cancel my subscription.
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My solution to handling what you’re calling envelope budgeting, which I call the accrual or cash method. First off, I set up all my categories as income. This allows me to show a true positive and negative in each category. Next I created a transaction called allocations, which is equivalent to my monthly budget. In this transaction I have my income categories as negative and then below it all of my expenses positives. This creates a zero transection. When my income deposits come in it then zeros out the income. Then I expense all my other transactions Then I run a category summary report to see where I stand. I have been using this method for over 30 years.
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@narnianstars This thread is the feature request for envelope budgeting, and it has recently been changed from a status of "Under Consideration" to "Planned". So the "customer service agent this afternoon who confirmed immediately that the function exists for PC but there's no plan to add this feature for Mac" is misinformed. (I'm sure the customer service reps aren't kept fully updated about things the development team is planning in the future.) In any case, this feature definitely doesn't exist today but is coming in the future; none of us knows when, but I would think not in the immediate short-term future.
Quicken Mac Subscription • Quicken user since 19931 -
For what it is worth Quicken Windows doesn't have envelop budgeting, and I can't even find the Idea thread for it.
Some people have used "Savings Goals" as a workaround (Quicken Mac doesn't have Savings Goals).
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OH GOD NO! Don't corrupt an accounting program with this abomination [Edited - Language].
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP-1 -
@Chris_QPW While my post did not suggest using Savings Goals, I have removed it since it appears to have caused confusion.
Win 11 Pro - Quicken Windows Classic Premier - v64.30
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@imdcareys This is a Quicken Mac thread and Quicken Mac doesn't have the Savings Goals feature.
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Please add a budget rollover function to Quicken for Mac!
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Add my vote to adding this feature as well. I can do the math, but many of my expenses vary from month to month. Medical costs in particular are hard to predict. I know this is on the list for improvements, but maybe consider moving it up on the the list.
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I'm glad to see this is now "planned." We've tried Quicken budgets and they don't work for us. There are unpredictable goals and also savings goals for which we're saving over time. We're currently evaluating the dominant envelope budgeting app (I know if I put the name some will remove it), but the rest of the features are so paltry compared to Quicken that I'm concerned it wouldn't meet other needs (and they charge more for the limited features). I hope this gets released soon.
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Please add rollover feature for budgeting. I will need to go back to old program if it is not released soon. So disappointed.
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This would be great to add to the Mac version. I'm trying to stop using a spreadsheet for this, but I need rollover budget categories like the Windows version has.
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I agree with the others post, this functionality is longoverdue.
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Let’s do it! Envelope aka zero sum budgeting for the win!
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I'm a long time 25+ year Quicken Classic user, currently using Quicken Premier for Mac. I have anxiously longed for a true cloud-based (device agnostic) replacement or alternative to the desktop app that merges the best of the classic features with robust budgeting features that offers the envelope budget method with rollover. I understand your current product offerings are tailored for different needs. But what about the faithful long time user who wants all the features/bells/whistles - cloud-based, expense and income tracking, detailed investments tracking, real-time account connections, bill payment, robust reporting and analysis, real time mobile app, and state-of-the-art envelope budgeting. Today I have to buy both Quicken Classic AND a budgeting app to get all this. What's up with that? And why do you hate Mac users (not offering them the same features as Windows users)? I am a very loyal customer, but this doesn't make sense. You ought to have all the functions, or perhaps packaged in functional modules that allow the users to pick which modules they want to subscribe to. Is this notion even in your development roadmap for the future?
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@Paul Galley If you want a Cloud based solution then you need to look at Quicken Simplifi. Quicken Classic is never going to be cloud based.
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Hello @Paul Galley,
Envelope budgeting is in Planned status, which means it is on the roadmap for future development. However, our teams do not provide ETAs, so we do not know when the feature will be added.
Currently, Quicken's 100% cloud-based service is Quicken Simplifi. Based on the features you mentioned you want, it doesn't sound like it would meet your needs though. It does allow tracking investments, but has fewer investment features than Quicken Classic does. Additionally, while you can track bills in Quicken Simplifi, there is no bill payment feature. It does support Savings Goals, which can be used for envelope budgeting.
I hope this helps!
Quicken Kristina
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Quicken Inc doesn’t hate Quicken Mac users, it is simply the fact that with the limited resources they have and the large amount of requested features they can only provide a limited amount of features in a given amount of time.
People way under estimate how long such projects take.
And for what it is worth no version of Quicken has support for envelope budgeting. And Quicken Mac is the only version that has ever even got it to the stage that it has been marked as planned for development.
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