Optimize Your Budget With These Excel Shortcuts
There are tons of great online tools out there to help you manage your budget, but there’s nothing wrong with good old Excel. And these shortcuts can help you make your spreadsheet budgeting a little easier.
GOBankingRates breaks down eleven Excel shortcuts for easy budgeting. Here are a few highlights.
Goal Seek is great for making budget forecasts. According to GOBankingRates, you can rate what-if scenarios.
For example, you can calculate the minimum mortgage payment required to pay off a loan at a given interest rate in a specific period. In this way, Goal Seek can help you come up with an appropriate budget for your repayment.
Concatenate allows you to combine two or more cell values. This way you can see all the information in one place:
For example, you might have a list of expense items in one column and a due date list in another. Using the concatenation function, you can combine information from multiple cells into one and present the item and due date together.
VLOOKUP allows you to associate and search for specific values in the database based on the corresponding value. According to Office , it’s like looking up someone’s name in the phone book to find their phone number. Here’s a specific example of a budget that GOBankingRates offers:
For example, you can keep a list of your income for the year in one table, and your income for the previous year on a separate sheet. If you want to know how much you earned each year in January, VLOOKUP can find that information for you and enter it wherever you specify.
GOBankingRates describes them in detail and lists several other useful features, so be sure to check out the full article at the link below.
11 Excel Shortcuts That Make Budgeting Easier | GOBankingRates