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Default Need formula

I am working on a financial workbook in excel. How can I link data between
sheets in a workbook? When entering data in one sheet, I want it to auto
update in another sheet in the same workbook. Here is a example wheat I
want to do......


A1 Household
A2 $50 this is on one sheet and on another sheet I have.....
Total Household Expenses: $150


When I enter the $50 in the first sheet, I want the second sheet to be
updated with the $50 in "Total Household Expenses" which should change to
$200

Thanks!

 
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