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Comparing scenarios/forecasts in Excel
Hello,
I would like to be able to compare hypothetical scenarios to see which scenario is more economical. I have a basic understanding of Excel, but I don't have any formal training in Excel or accounting and I could use some help. One scenario I'd like to run is living alone versus living with a roommate. I need to know how much money I will save in total debt cost by applying the money I save by not living alone to the debt. Likewise, I would like to compare the total mortgage costs of buying a one bedroom condo and living alone versus buying a 2+ bedroom and living with a roommate(s). How difficult is it to customize Excel to do this kind of number crunching? Are there 3rd party freeware applications available? Any suggestions or thoughts are greatly appreciated. Thanks, Nemo |
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