Feb 02 2023 12:00 PM
I have 11 different sets of numbers(debts) with a total budget of $11000. I would like to subtract $1000 from each specific debt. If said debt is less than $1000 then subtract remaining balance. I would then like to take the remaining balance of budget and apply evenly to remaining debts (unless debt is less than $1000 in which case it would default to subtract remaining balance). Basically snowballing $11000 across the 11 debts until they are all paid down.
Feb 02 2023 01:09 PM
Hi @Infantryman11c,
Could you please share a screen or a file containing a sample of your current table? I have some ideas about possible solutions, but want to make sure about what do you really need.
Feb 02 2023 01:11 PM
Let's say the 11 amounts are in A2:A12.
To calculate the amounts to subtract, select B2:B12 and enter the formula
=IF(A2:A12<1000,A2:A12,(11000-SUMIF($A$2:$A$12,"<=1000"))/COUNTIF($A$2:$A$12,">1000"))
If you don't have Microsoft 365 or Office 2021, confirm the formula by pressing Ctrl+Shift+Enter.
To calculate the remaining amounts, select C2:C12 and enter the formula
=A2:A12-B2:B12
Again, if you don't have Microsoft 365 or Office 2021, confirm the formula by pressing Ctrl+Shift+Enter.
Feb 02 2023 04:00 PM
Feb 02 2023 04:21 PM
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
$308.59 | -$691.41 | I want to take the overage (1000-308.59) in Column 1 and apply to below value and so on (if starting value is below $1000) | ||||||||
$858.59 | -$141.41 | |||||||||
$979.25 | -$20.75 | |||||||||
$1,013.06 | $13.06 | -$986.94 | ||||||||
$2,380.38 | $1,380.38 | $380.38 | For values over 1000 I want it to subtract 1000 plus whatever overages from above cells | |||||||
$2,784.99 | $1,784.99 | $784.99 | ||||||||
$3,115.89 | $2,115.89 | $115.89 | ||||||||
$5,333.76 | $4,333.76 | $2,333.76 | ||||||||
$6,035.61 | $5,035.61 | $3,035.61 | ||||||||
$9,158.98 | $8,158.98 | $7,158.98 | ||||||||
$15,623.93 | $14,623.93 | $13,623.93 |
Feb 03 2023 03:21 AM
Demo workbook: