By Zacharie Charlesbois at May 21 2019 07:46:13
Budgeting Worksheet Tip #5: Goals_Based Most budgeting programs don't accommodate for your financial goals, they simply look back at the previous month to help you determine your spend for the current month. That is not good budgeting. If you have a cash flow problem, then it will just perpetuate into future months and you won't even realize it's happening. Furthermore, you are not creating a plan to achieve your goals. An excellent budgeting worksheet will accommodate for your financial goals and help you determine what you can afford or what it will take to meet those goals. It will take into account your income, current debt, expenses and savings to help you generate a plan to meet your goals.
Using the Consolidation feature. You can determine whether or not the link will be interactive when creating the consolidation. This method provides the greatest level of detail in the summary worksheet. You can choose between any function, not just the sum function. For example, you could create an average of several divisions in a summary worksheet. Some of the disadvantages of this method are that the worksheets must be identical. Although it is not impossible, it is difficult to use consolidation across workbooks.