how to use microsoft excel for budgeting

Continue by selecting cell D14 and enter the formula “=F14/2” then select cell D15 and enter “=F15/2”. Select cell F14 and enter “9200” (Note: For this example we have chosen to use the estimates provided on the University of Tennessee-Knoxville website.) Next, fill in cells F15-F27 in the same manner. Use the AutoFill feature mentioned earlier to fill in cells F7-F10.

Select cell B6 and enter “=F6/8” then select cells F5 and F6. To begin, select cell B5 and enter “=F5/8” (Note: For this budget we have assumed that a semester is four months long, thus a two-semester school year would consist of 8 months). The process for filling in the Monthly Budget Income Categories is essentially the same as it was for the Semester Budget Income Categories. This will automatically fill cells D7-D10 with the correct formula, hence saving time. Click on the bottom right corner where the cursor has become a black plus sign (this appears when holding your cursor over the bottom right corner of D6 while both D5 and D6 are selected) and drag it down through cell D10. Select cells F5 and F6 and hold the cursor over the bottom left corner of cell F6 until the cursor becomes a black plus sign, as shown in the figure below. After this, select cell D6 and enter “=F6/2” and hit the enter key. Next, select cell D5 and enter “=F5/2” this will give us the appropriate amount for the semester since, in this case, a school year consists of two semesters. You will obviously choose numbers that reflect your personal income categories.) For this example we will enter the following numbers into the corresponding cells: o “4800” in F5 o “6000” in F6 o “8000” in F7 o “8000” in F8 o “2000” in F9 o “360” in F10 II.

(Note: the numbers used in this budget are based on amounts determined to be average by the University of Tennessee-Knoxville. Begin by selecting cell F5 and enter the amount of income received from jobs.

How to use microsoft excel for budgeting