A method to dynamically adjust the amount of free space in a storage group is disclosed herein. In certain embodiments, such a method may include monitoring the amount of free space in an active storage group. The method may further include maintaining an overflow storage group containing unused volumes. When the free space in the active storage group falls below a lower threshold value, the method may automatically move a volume from the overflow storage group to the active storage group. Conversely, when the free space in the active storage group exceeds an upper threshold value, the method may automatically transfer data from a volume in the active storage group to other volumes in the active storage group, and move the volume from the active storage group to the overflow storage group. A corresponding computer program product and apparatus are also disclosed herein.