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By Auda Caouette at March 27 2019 16:45:57

Budgeting Worksheet Tip #3: Your Personal Cash Flow Analysis A fully functional budgeting worksheet should calculate your monthly cash flow analysis so that you can determine if you are overspending based on your income on a monthly basis. In order to determine your cash flow for the month, you will need to provide your monthly income information. A good worksheet should do all the math for you, generate a meaningful chart or two so that you can quickly see the areas in your budget that need to be improved upon. If you are over spending, you will need to adjust. If you are under spending, start saving towards your goals!

Linking by creating a formula. With this method you can create an inter_active link between worksheets or workbooks. The linked cells do not need to be in the same location on all worksheets. You can perform any math operation while creating the link. For example, you could take a figure from one worksheet, multiply it times a figure form another worksheet and then subtract a number from a third worksheet. You can use this method to link cells across worksheets or workbooks. One disadvantage of this method is that it is time consuming because you are working with one cell at a time. Using named ranges can assist with this method of linking and make it easier to read your formulas once they are created.