### Features of the Budget Tracker Spreadsheet

1. Data Segregation: Separate sections for Income and Expenses. This allows for a clear view of where money is coming from and where it is going.

2. Categories: Categorization of income and expenses (e.g., Salary, Rent, Groceries) for better understanding of spending patterns.

3. Date Tracking: Recording dates for each income and expense entry to track financial activities over time.

4. Total Calculations: Use of formulas to sum up total income, total expenses, and to calculate the net balance.

5. Balance Calculation: A section that calculates the balance, which is the total income minus total expenses.

6. Visual Elements: (Optional) Use of charts or graphs for visual representation of financial data.

### Use of Formulas

• SUM Formula: Used to calculate the total income, total expenses, and the balance.
• For total income and expenses, it adds up all the entries in their respective sections.
• For balance, it subtracts the total expenses from total income.

Here is an example of how the data in a Budget Tracker Spreadsheet might look:

#### Income

Date Description Amount
2024-02-01 Salary \$3,000
2024-02-15 Freelance \$500
Total Income   \$3,500

#### Expenses

Date Category Amount
2024-02-03 Rent \$1,000
2024-02-10 Groceries \$300
2024-02-12 Utilities \$150
2024-02-20 Dining Out \$200
Total Expenses   \$1,650

#### Balance

Description Amount
Balance \$1,850

In this example, the SUM formula would be used in the following ways:

• Total Income: SUM of all entries in the 'Amount' column under Income.
• Total Expenses: SUM of all entries in the 'Amount' column under Expenses.
• Balance: Total Income (\$3,500) - Total Expenses (\$1,650) = \$1,850.

I will create a simple representation of this budget tracker in a spreadsheet format.

Here's how the example Budget Tracker Spreadsheet data would be represented:

#### Income

Date Description Amount (USD)
2024-02-01 Salary 3000
2024-02-15 Freelance 500
Total Income 3500

#### Expenses

Date Category Amount (USD)
2024-02-03 Rent 1000
2024-02-10 Groceries 300
2024-02-12 Utilities 150
2024-02-20 Dining Out 200
Total Expenses 1650

#### Balance

Description Amount (USD)
Balance 1850