![]() Expenses: Next, categorize your expenses into fixed (e.g., rent, utilities) and variable (e.g., groceries, entertainment). ![]() This will give you a clear picture of how much money you have to work with. Income: Begin by listing all sources of income for the month, including paychecks, bonuses, and any other forms of monetary gain.This can be achieved through the use of a spreadsheet to track and analyze your financial activity. When it comes to managing your income and expenses, it is crucial to have a clear understanding of where your money is coming from and where it is going. These basic formulas can be used to perform various calculations and analysis of your income and expenses.Enter =AVERAGE( followed by the range of cells you want to calculate the average for. AVERAGE: This formula calculates the average of a range of numbers.Simply enter =SUM( followed by the range of cells you want to sum up. SUM: This formula adds up a range of numbers.Understanding and using basic formulas (e.g. ![]()
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