Check if Expense Exceeds Budget
I need a formula that says 'Stop Spending' if my total monthly expenses are greater than my income, else 'Safe'.
=IF(B3>B2,"Stop Spending","Safe") How it works: This formula uses the IF function to evaluate a logical test: `B3>B2`. If the value in B3 (Total Monthly Expenses) is greater than the value in B2 (Monthly Income), the condition is TRUE, and the formula returns 'Stop Spending'. If B3 is not greater than B2 (meaning expenses are less than or equal to income), the condition is FALSE, and the formula returns 'Safe'.
Data Setup
| Financial Metric | Value |
|---|---|
| Monthly Income | 5000 |
| Total Monthly Expenses | 4800 |
| Budget Status |
Step-by-Step Guide
Enter your total monthly income in cell B2 (e.g., 5000).
Enter your total monthly expenses in cell B3 (e.g., 4800).
In cell B4, type the formula: `=IF(B3>B2,"Stop Spending","Safe")`
Press Enter to see the budget status.
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