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#11
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how to count my paydays before the due-date of a bill?
On Mar 8, 6:55*am, "Fred Smith" wrote:
I used 14 because he gets paid every two weeks. He wants to put away money every payday, not every day. I stand by my recommended solution. Regards, Fred Good morning guys! Fred -- you understood me correctly, I want to put money away every payday (once a fortnight), not every working day. I'm at work this morning, and couldn't replicate any errors, must have been a silly mistake on my part. Joe User -- we've had a communication problem, I'm sorry for the trouble. Guys, is there an elegant way to set this so it only counts the 14-day periods starting from a particular date? (eg. 12/3/2010). (if you're interested in the challenge - thanks for all your effort so far!) I had "Gary's Student" propose this solution that seems to work, but I was wondering if it could be done any better, without needing to construct a new column. : "This is quite easy if we first construct a short table of paydates. In C1 enter: 3/12/2010 In C2 enter: =C1+14 and copy down thru C30. In C1 thru C30 we see: 3/12/2010 3/26/2010 4/9/2010 4/23/2010 5/7/2010 5/21/2010 6/4/2010 6/18/2010 7/2/2010 7/16/2010 7/30/2010 8/13/2010 8/27/2010 9/10/2010 9/24/2010 10/8/2010 10/22/2010 11/5/2010 11/19/2010 12/3/2010 12/17/2010 12/31/2010 1/14/2011 1/28/2011 2/11/2011 2/25/2011 3/11/2011 3/25/2011 4/8/2011 4/22/2011 In A1 we enter the due-date, say 4/25/2010 Finally in B1 we enter: =SUMPRODUCT(--($C$1:$C$30=TODAY())*($C$1:$C$30=A1)) This produces 4, which is clearly the correct result. Have a pleasant day! - Gary''s Student - gsnu201001 " "Joe User" joeu2004 wrote in message ... "Fred Smith" wrote: What does "didn't work" mean? What results did you get when you entered my formula in C1? You wrote previous: Try this for c1: =ROUNDDOWN((B1-TODAY())/14,0) where B1 is due date. *That formula seems to compute a fraction of a fortnight (14 day), not a number of days (ideally paydays). *Using the OP's example, if B1 is 12 March 2009 and today is 7 March 2009, your formula results in 0. Assuming paydays are all weekdays, clearly the right answer is 4 or 5, depending on whether or not to count the payday on the due date. In contrast, NETWORKDAYS(TODAY(),B1) yields 4. Note: *I had written NETWORKDAYS(B1,TODAY()), which results in -4. Clearly that was a mistake, but one that I think the OP could have recognized if he had RTFM. ----- original message ----- "Fred Smith" wrote in message ... What does "didn't work" mean? What results did you get when you entered my formula in C1? Regards, Fred "Judoman" wrote in message .... Those 2 solutions didn't work! *i get error messages and/or nonsense results :-( but, thanks anyway for trying, Joe User & Fred Smith -judoman On Mar 7, 4:22 am, "Joe User" joeu2004 wrote: "Judoman" wrote: somehow have Excel calculate how many pay- days I will get before that date (c1) then I will use a formula =a1/c1 to tell me how much money I need to put aside from each of my upcoming paydays. Take a look at the NETWORKDAYS function to see if that does what you want. It does presume that you work Monday through Friday. Your formula in C1 might be: =NETWORKDAYS(B1,TODAY()) You might want to add or subtract 1 depending on whether or not you want to include pay received on the due date and "today". However, this is called living hand-to-mouth. It is not a good way to budget. At a minimum, you should try to budget with a two-month window, so that your disposable cash at the beginning of the month is enough to cover the current and next months' expected expenses. That will give you a cushion in case actual expenses for the current month. That approach also means that you do not need to be so precise in determining the number of paydays between due dates. You can determine the average paydays per month or the exact expected paydays for each month. ----- original message ----- "Judoman" wrote in message .... I'm trying to make up a budget for my family. I'd like to be able to enter in the amount of an upcoming bill (a1), the due-date of an upcoming bill (b1), then somehow have Excel calculate how many pay- days I will get before that date (c1) then I will use a formula =a1/c1 to tell me how much money I need to put aside from each of my upcoming paydays. Is this possible, to get such a formula for cell c1? I get paid on Friday morning every second week (eg. next one is Friday the 12th). thanks very much!- Hide quoted text - - Show quoted text -- Hide quoted text - - Show quoted text - |
#12
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how to count my paydays before the due-date of a bill?
Certainly. Put the date in some cell (like D1), then substitute it for
today(), as in: =ROUNDDOWN((B1-D1)/14,0) This is a better solution, because it doesn't change over time. Regards, Fred "Judoman" wrote in message ... On Mar 8, 6:55 am, "Fred Smith" wrote: I used 14 because he gets paid every two weeks. He wants to put away money every payday, not every day. I stand by my recommended solution. Regards, Fred Good morning guys! Fred -- you understood me correctly, I want to put money away every payday (once a fortnight), not every working day. I'm at work this morning, and couldn't replicate any errors, must have been a silly mistake on my part. Joe User -- we've had a communication problem, I'm sorry for the trouble. Guys, is there an elegant way to set this so it only counts the 14-day periods starting from a particular date? (eg. 12/3/2010). (if you're interested in the challenge - thanks for all your effort so far!) I had "Gary's Student" propose this solution that seems to work, but I was wondering if it could be done any better, without needing to construct a new column. : "This is quite easy if we first construct a short table of paydates. In C1 enter: 3/12/2010 In C2 enter: =C1+14 and copy down thru C30. In C1 thru C30 we see: 3/12/2010 3/26/2010 4/9/2010 4/23/2010 5/7/2010 5/21/2010 6/4/2010 6/18/2010 7/2/2010 7/16/2010 7/30/2010 8/13/2010 8/27/2010 9/10/2010 9/24/2010 10/8/2010 10/22/2010 11/5/2010 11/19/2010 12/3/2010 12/17/2010 12/31/2010 1/14/2011 1/28/2011 2/11/2011 2/25/2011 3/11/2011 3/25/2011 4/8/2011 4/22/2011 In A1 we enter the due-date, say 4/25/2010 Finally in B1 we enter: =SUMPRODUCT(--($C$1:$C$30=TODAY())*($C$1:$C$30=A1)) This produces 4, which is clearly the correct result. Have a pleasant day! - Gary''s Student - gsnu201001 " "Joe User" joeu2004 wrote in message ... "Fred Smith" wrote: What does "didn't work" mean? What results did you get when you entered my formula in C1? You wrote previous: Try this for c1: =ROUNDDOWN((B1-TODAY())/14,0) where B1 is due date. That formula seems to compute a fraction of a fortnight (14 day), not a number of days (ideally paydays). Using the OP's example, if B1 is 12 March 2009 and today is 7 March 2009, your formula results in 0. Assuming paydays are all weekdays, clearly the right answer is 4 or 5, depending on whether or not to count the payday on the due date. In contrast, NETWORKDAYS(TODAY(),B1) yields 4. Note: I had written NETWORKDAYS(B1,TODAY()), which results in -4. Clearly that was a mistake, but one that I think the OP could have recognized if he had RTFM. ----- original message ----- "Fred Smith" wrote in message ... What does "didn't work" mean? What results did you get when you entered my formula in C1? Regards, Fred "Judoman" wrote in message ... Those 2 solutions didn't work! i get error messages and/or nonsense results :-( but, thanks anyway for trying, Joe User & Fred Smith -judoman On Mar 7, 4:22 am, "Joe User" joeu2004 wrote: "Judoman" wrote: somehow have Excel calculate how many pay- days I will get before that date (c1) then I will use a formula =a1/c1 to tell me how much money I need to put aside from each of my upcoming paydays. Take a look at the NETWORKDAYS function to see if that does what you want. It does presume that you work Monday through Friday. Your formula in C1 might be: =NETWORKDAYS(B1,TODAY()) You might want to add or subtract 1 depending on whether or not you want to include pay received on the due date and "today". However, this is called living hand-to-mouth. It is not a good way to budget. At a minimum, you should try to budget with a two-month window, so that your disposable cash at the beginning of the month is enough to cover the current and next months' expected expenses. That will give you a cushion in case actual expenses for the current month. That approach also means that you do not need to be so precise in determining the number of paydays between due dates. You can determine the average paydays per month or the exact expected paydays for each month. ----- original message ----- "Judoman" wrote in message ... I'm trying to make up a budget for my family. I'd like to be able to enter in the amount of an upcoming bill (a1), the due-date of an upcoming bill (b1), then somehow have Excel calculate how many pay- days I will get before that date (c1) then I will use a formula =a1/c1 to tell me how much money I need to put aside from each of my upcoming paydays. Is this possible, to get such a formula for cell c1? I get paid on Friday morning every second week (eg. next one is Friday the 12th). thanks very much!- Hide quoted text - - Show quoted text -- Hide quoted text - - Show quoted text - |
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