The Rollover Questions of Food Stamps
A common question that you may ask when you receive food stamp benefits, is related to the rollover amount of food stamps. Rollover amounts refers to the benefits that are left at the end of a 30 day food stamp cycle. For example, if your family receives $500 a month in food stamps and only uses $400 that month, then $100 rollover to the next month. There are several questions that are connected to rollover and how roll over works on the food stamp benefits program.
Is There a Limit to the Number of Roll over Benefits?
The first question you may ask is if there is a limit to the number of rollover benefits. This question usually stems from thinking that only a certain amount of money will rollover or there is a cap on the amount of money that can rollover over time. Currently, there is no roll over limit on benefits. If you have $25 left at the end of the month it will rollover to the next month and if you have a larger amount of money left at the end of it will rollover as well.
Are There Any Penalties to Having Roll over Amounts?
You may be concerned that there are penalties for having rollover amounts. For example, if your family was approved to receive $400 a month and it consistently you have $50 or more month left over, you may be concerned there is a penalty and that you will lose certain benefits. This is not the case. If you have any roll over, the food stamp administration assumes that you will utilize that rollover amount at some given time. The only time that there will be a reduction in your food stamp benefits is if there is a change to your application which would require a reduction in benefits.
Are There Benefits to Having a Roll over Amount on Food Stamps?
There are several benefits to having a rollover amount on food stamps. However, these benefits are only available if you utilize them. The best way to utilize rollover benefits is to use the rollover amount prior to the new amount coming in. For example, if you have $100 in rollover each month, then the best way to utilize that is by starting a food storage with that $100 amount.
Food storage plans are one of the best ways to build up a self-reliant food storage pantry that will help you if you have to remove yourself from food stamps or if you are denied food stamps a later date. Though rollover amounts can increase your food stamp benefits for given month, purchasing nonperishable food items and shelf stable food items is one of the best ways to ensure the your using your food stamp benefits to their proper potential.
If you have consistent rollover amounts, the best way to handle it is to budget those rollover amounts to ensure you're building a food storage. The benefits of food storage are the ability to help with ongoing food needs and emergencies as well as to help your family should the denial be given.