Formulas are an integral part of Excel that help you complete your daily tasks quickly and effectively. However, most people take them for granted and never put them to good use in their day-to-day life. In this article, we’ll show you 10 amazing ways to use Excel formulas in your daily life that can significantly improve your work and make your life easier in several ways. Let’s get started! 10 Amazing Ways to Use Excel Formulas in Your Daily Life
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1) Create a schedule
Using formulas in spreadsheets can be a useful way to monitor and maintain your schedule. By using formulas, you can make sure that your planned schedule is always accurate, keeping you on track with everything you need to get done. For example, if you have three hours for an event and want to start a task at 2:30 p.m., use a formula that subtracts 30 minutes from 3 hours and 30 minutes. If it’s correct, then set it as your calendar entry; if not, adjust accordingly. Another benefit of using Excel formulas is that they’re easily adaptable — if you change any cells within your spreadsheet, all future dates will automatically update with any changes as well! This makes them incredibly easy to use.
2) Estimate your monthly payment
One of the first things you need to know when buying a home is how much house you can afford. Here’s a good way to estimate that. First, divide your monthly income by 12. If you make $5,000 per month, for example, multiply it by 12 (the number of months per year) and get $60,000. Next, subtract your annual expenses from that number—your rent or mortgage payment ($2,500), utilities ($200), food ($300), car payments ($400), student loans ($100) and other recurring bills. That will give you an idea of how much money is left over each month for saving toward a down payment on a home purchase and closing costs—or paying down debt if that’s what you prefer.
3) Calculate the tip
So, you’re at dinner and your waiter gives you a bill. It is time to calculate your tip! The best way to handle calculating a tip is based on whether or not you are paying with cash or credit card. With cash, if you plan on tipping 15% of your total bill, take out fifteen dollars and leave it for your waiter/waitress. If you plan on tipping 20%, then take out twenty dollars from that pile of bills when writing out your tip.
4) Organize your contacts
One of Microsoft Outlook’s coolest features is its ability to organize your contacts into groups and shows a summary of each group right on your homepage. As an added bonus, once you create a new contact group it will automatically update all of your existing contacts! To create a new contact group, open up Outlook, select Contacts from your main menu, and then click New Contact Group. Then type out whatever name you want for your group—Home Loan Officers or Grocery List or whatever else floats your boat. And that’s it! All you have to do now is enter as many contacts as you want into that category and they’ll be grouped under Home Loan Officers when they show up on your Contacts page.
5) Create a grocery list
Although most people assume that creating a grocery list is an obvious task, few consider how they’re actually creating their lists. By default, most people just write down what they need and run through it as they shop. But there are smarter ways of shopping (and smarter ways of creating your grocery list). You can use technology—like your computer or phone—to make things faster and easier. Create a database of items you normally buy (or look up nutritional information on foods you want to eat more of) so that when you go shopping, you can select only those items that are already on your list! It’s incredibly simple but incredibly effective
6) Total your receipts at the end of each month
It’s easy to see how quickly small purchases add up. But did you know that miscellaneous expenses like clothing, coffee and groceries can easily exceed your monthly rent or mortgage payment? When adding up all those little expenses, it’s best to take a more methodical approach. By entering all of your receipts into an Excel spreadsheet at the end of each month, you can keep track of what you spend and make adjustments as needed. It will only take a few minutes per day—and perhaps one extra grocery trip per week—to start saving big on miscellaneous expenses.
7) Resolve Money Issues Quickly
Budgeting your finances is probably one of, if not THE most important step you can take when trying to manage money. Make sure that you always have a solid budget and include it with your monthly income/expense reports. With a properly structured budget and strict adherence to that structure, you will be able to see where your hard-earned money is going each month and how much excess cash you have at any given time. If there’s excess cash, save it for emergencies or for special events!
8) Track your finances with ease
Sometimes, keeping track of your personal finances can be a bit tricky, especially if you have several income streams. But with a good formula in Excel, it’s much easier! These 10 examples will show you how. Whether you need help creating an allowance chart for your children or want an easier way to keep track of gas mileage expenses for work, these ideas are sure to inspire.
9) Choose your next vacation destination wisely
While many business trips have more flexibility built into them, vacation destinations often have very specific parameters. So use your skills as an Excel wizard to find a spot that fits those guidelines while still being just what you want it to be. Luckily, there are plenty of websites out there that make finding and booking vacation deals online super easy. For example, Travelocity or Expedia both offer a search feature for hotel deals near your destination using actual price quotes from local hotels. This allows you to see exactly how much each room costs before you start booking—and it also gives you peace of mind since these sites filter out any bad reviews or problematic properties . So sit back and enjoy your next trip knowing you didn’t leave anything up to chance!
10) Keep track of your progress
One way is by using formulas, which are mathematical functions that calculate values based on other values. If you’re working on a weight-loss plan, for example, you can set up your plan so that it automatically calculates your current BMI and then calculates how many pounds you have left to lose. This way, you don’t have to do any calculations on your own or refer back to previous numbers. Now all of your progress is displayed instantly. You can also use formulas for more advanced tasks like making sure that data falls within certain parameters (like if not blank) or creating dynamic drop-down lists so that users see only relevant information.