By . Tracking Spreadsheet. At Thursday, April 22nd 2021, 14:15:23 PM.
If you are experienced with spreadsheets you can also add extra features such as the ability to create graphs from the data you entered. Graphs make it easy to get a quick view of your current financial situation. The graphs will allow you to easily spot trends and areas that are in need of attention in order to keep you on budget. If you find creating financial spreadsheets a task that is a little to advanced for you, dont fear. There are other options for you that can combine and even exceed all the features even the most advanced personal finance spreadsheets can offer. The other options such as personal budget software may cost more than a spreadsheet you create at first, but are also powerful enough to pay for themselves with the advanced budgeting features they provide.
Are you someone who needs to make a debt reduction spreadsheet? If you are, the following situation might sound familiar to you. You started charging things on credit cards, and it was no problem paying it back. Possibly you were charging things that you really needed, or maybe the charges were things that you were simply buying for fun. The main thing is, you had it under control, you were making your payments on time, possibly even paying down your balances. Then, it started getting out of control. Possibly this started happening little by little. A late payment here and there. Interest rates rise, minimum payments go up. Or maybe something big happened. Your car broke down or you got sick. Whatever the circumstances, the result was the same. You have now officially lost control of your debt management, and you are searching for ways to get that control back. Its a horrible feeling, being in debt over your head, and it weighs on you and gnaws at you day and night, making it difficult to laugh, relax, or even sleep. In fact, it may have gotten so bad that youve stopped even opening the bills when they come, or even if you open them to see the minimum payment amounts, you have stopped keeping track of how much you actually owe! That path is the opposite of the one you want to be on! It will lead nowhere but further financial ruin. If you want to gain control of your debt load and start actually sleeping at night and enjoying life again, you need to sit down with all of your bills and make a debt reduction spreadsheet.
The electronic spreadsheets have become an office standard ever since the first such computer programs became commercially available more than 20 years ago. And with its popularity there has become a need for spreadsheet training to keep employees up to date with their knowledge and skills or using it. Back during the infancy of this software, most people would use it for just two reasons: to store data (especially customer database) and as a glorified calculator. Perhaps because those are a spreadsheets intended or more practical uses or that people are not really that trained to use its features to the fullest. You would even be surprised that up to now there are office employees who, when they are prompted to make some calculations, they would open their spreadsheet software and do the calculations there.