By . Tracking Spreadsheet. At Tuesday, May 04th 2021, 07:07:32 AM.
Yet there is no tool for project management that is more popular or widespread than the spreadsheet, despite the fact that spreadsheets are not designed to be project support tools. Even in organizations with an established project management tool, spreadsheets are used. There are obvious reasons for this. A spreadsheet program is on almost every computer in every organization, people are familiar with spreadsheets and how to use them, and people are pre-disposed to use these "office" types of software tools to solve problems. And I am right there with them. I love using spreadsheets to track all kinds of data. It is easy, convenient, and I admit ego-boosting to show off what I can do in a spreadsheet.
If you are on a budget or looking to get on one, tracking your finances plays a major role in how successful your budget will be. A personal finance spreadsheet is a great way to keep track of your income and expenses. By using a Microsoft Excel spreadsheet or a Google docs spreadsheet you can easily see exactly how much you are spending and how much you are saving each month. The great thing about personal budgeting spreadsheets is they can easily be modified to fit your budget. You can enter the exact categories you use monthly for your income and your expenses. These categories can be really detailed such as having individual credit cards listed by name or they can be broad such as having one group named credit cards for all your credit card bills.
After being rejected and coddled by the market one too many times, I came to the realization that I was literally spinning my wheels with no chance to succeed unless I could figure out exactly what was adding to my bottom line and conversely, what was keeping me from being just another "break-even" trader. I had already created a simple trading spreadsheet that told me the basics, but I had no way of tracking the overall performance of my trading activities. I finally resolved never to take another trade unless the primary reasons for taking it could be analyzed over a sample number of trades. The result? I created a multiple categorical performance tracking sheet that would soon have me climbing the ladder of success. Lots of work and planning went into this project, but afterward I had concrete evidence that told me when I should step on the gas, or when to put on the brakes. What I created told me key statistics in six different categories, which led to a confidence boost that cannot be described.