By . Calculator Spreadsheet. At Thursday, June 17th 2021, 20:26:42 PM.
Now that we have some test dummy data on our spreadsheet we can go ahead and reformat the column widths. You can add more data if you would like or even use an already existing spreadsheet. The choice is completely up to you; however the steps to reformat the column widths are all the same as you will soon see. The next step is to highlight the columns that you want to reformat. To reformat the columns we are using in our example, using the month names, you need to click on the column header labeled "A". Now hold down the "shift" key and click the column header labeled "L". In other words you are clicking the first column and the last column. If you chose to use your own spreadsheet, your columns that you use may be different. You could also click on column header "A" and holding down the left mouse button, drag the cursor over top of the final column, in this case "L", and let go of the mouse button. Either way is fine.
Next, add the dollar amount of your goals and the time in month or years. The long term goals will probably be in years and the short term goals in months. Set up a formula to divide the total goal amount by the goal length in months. This is the amount you need to save each month to achieve your goals. Set up a budget to help you save more money if you feel you cant make your goal savings each month. For extra help, open up another sheet and record your progress. Every week or every month write about how you are reaching your goals and if you are able to save the minimum each month. Try to save a little more each month and cut down on your time table, or if you can reach your monthly goal, adjust it. With this plan, you can include goals to save for big items such as a car or house, or to pay down debt.
Lets get this out of the way: Your spreadsheets are full of errors. In an analysis of multiple studies dating back to 2008, Marketwatch reported last year that almost 90% of Microsoft Excel Spreadsheets contain errors. Even when created with the utmost care, the number and complexity of the formulas contained in our spreadsheets create significant opportunities for bad data. With about 1 Billion users of Microsoft Office users in the world, the absolute number of errors that potentially exist range in the hundreds of millions. We have some thoughts on how to prevent errors in Excel spreadsheets. Here are three of them: Most Errors are Caused by Bad Calculations: Check Your Formulas Methods of testing your formulas range from the simple to the absurdly complex. Lets ignore the stuff on the right side of the spectrum, and stick to what we can do right now. Did you know that highlighting a cell that contains a formula and pressing "Ctrl + [" will reveal the cells that feed into the total? Its a simple yet effective way to understand your data sources and identify what you missed, and what might have been double-counted. Simple stuff.