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Dalton is having trouble creating a budget and remembering to pay his bills each month. What are two spreadsheet features or calculations Dalton could use to help him better manage his finances?

1) Budgeting templates
2) Auto-sum function
3) Pivot tables
4) Conditional formatting
5) VLOOKUP function

1 Answer

3 votes

Final answer:

To better manage his finances, Dalton could use budgeting templates (option 1) to track his income and expenses, and conditional formatting to highlight important dates and amounts in his budget.

Step-by-step explanation:

To assist Dalton in managing his finances, two spreadsheet features that can be particularly useful are budgeting templates and conditional formatting. A budgeting template is a pre-designed framework that can help Dalton track his income, expenses, and savings goals on a weekly, monthly, or yearly basis. These templates often come with built-in categories and formulas that allow for easy customization and can serve as a starting point for creating a personalized budget. Conditional formatting, on the other hand, is a feature that can make it easier for Dalton to identify problem areas in his finances. For instance, he can set rules to highlight bills that are due soon or overdue in a different color, making them stand out and reminding him to take action.

Budgeting templates often include formulas like the Auto-sum function to automatically calculate totals, providing a quick overview of where Dalton's money is going. Conditional formatting can be complemented by setting up reminders or visual cues that change color based on whether a bill has been paid or not, helping him to avoid late fees and manage his cash flow more efficiently.

User Hitesh Kushwah
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