Automate Savings Analysis in Excel

How can I use Excel to automate an analysis of my savings rate over time? Please give me formulas and charts that will allow me to visualize my progress.

To automate the analysis of your savings rate over time in Excel, you can follow these steps: Step 1: Set up your data - Create a column for dates and a column for savings amounts. - Input the dates and corresponding savings amounts in the columns. Ensure that the dates are in ascending order. Step 2: Calculate the savings rate - In the adjacent column, calculate the savings rate using the formula: = (Savings Amount / Previous Month's Savings Amount) - 1 - Skip the first row where there is no previous month's value. - Apply the formula to all cells in the savings rate column. Step 3: Calculate cumulative savings - In another column, calculate the cumulative savings using the formula: = SUM($B$2:B2) -where B is the column letter that contains your savings amounts. - Apply the formula to all cells in the cumulative savings column. Step 4: Create a line chart - Select the date column and the savings rate column (excluding headers). - Go to the "Insert" tab, click on "Line chart" and choose the desired line chart style. - This chart will visualize your savings rate over time. Step 5: Create a stacked column chart - Select the date column, the savings rate column, and the cumulative savings column (excluding headers). - Go to the "Insert" tab, click on "Column chart" and choose the "Stacked column" chart type. - This chart will display your savings rate and cumulative savings over time. By following these steps, you will have an automated analysis of your savings rate over time with visualizations to track your progress.