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Calculating a Weekly Budget from Monthly numbers ...

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    Calculating a Weekly Budget from Monthly numbers ...

    I have been tasked with calculating a weekly budget number from a total monthly budget ... the middle weeks are easy (Mthly Budget / # of days in Mth * 7 days per week) but the 1st week and last week of each month is usually different than the "normal" weekly budget due to the number of days that exist in the week from one month vs number of days of the week that are from the Next month. On the spreadsheet attached to get the "Correct Answers" section I added from looking at a calendar. Is there a way to calculate this with a formula? The first 2 columns "# Days - Mth Current" and "# Days - Mth Next" are the columns that I am seeking to find a formula to calculate.
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    Re: Calculating a Weekly Budget from Monthly numbers ...

    I need to know what your definition of current month is. Is it the month in which the week ending date falls or is it the beginning of the week for the week ending?

    For example, you have 4 days for the week ending 2/4 - this is correct for the week ending date.
    But for 4/1 you have 6 days. There is only one day in April until this week ending date. There are 6 days in March before the week ending date.

    Can you take a re-look at the table you provided to make sure the results are correct.
    One spreadsheet to rule them all. One spreadsheet to find them. One spreadsheet to bring them all and at corporate, bind them.

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    Re: Calculating a Weekly Budget from Monthly numbers ...

    P.S. Also it isn't the number of days that an end date goes into the next month that counts - that's going to be zero if week end date is the basis for the calculation. For example, any week end date in April is not going to spill over into May.

    What you do want to know is how many days there are in the previous month. It is possible that a week ending date in a month could have started in the previous month.

    Take a look at the formulas in this workbook to see if they will help you out.
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    Re: Calculating a Weekly Budget from Monthly numbers ...

    Just a thought.

    If you can make use of a lookup table that numbers each monthly week number (1 to 4, 5 or occasionally 6) have a look at the attached. The whole year of 2017 dates is listed in column J. Then to get the week numbers of each month (1-4 / 1-5,6) this formula in column K.
    Formula: copy to clipboard
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    BTW: This forces the week to end on Saturdays.
    Last edited by FlameRetired; 05-04-2017 at 03:02 PM.
    Dave

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    Re: Calculating a Weekly Budget from Monthly numbers ...

    thank you guys ... dflak that is what I was seeking ... FlameRetired ... I may not be understanding your thought ... I don't know how to use the numbers you came up with ...

    Let me ask my original question in a different way, maybe you have an easier way to accomplish it:

    for instance, if: Jan budget is 91k and Feb budget is 88k, what is the weekly budget for week ending 2/4/2017?

    I was going to take 91k/31 days * 4 then add that to 88k/28 days * 3 ... where the 4 and the 3 were the calculations I was seeking above.

    for this example it would be: 11,741.94 + 9,428.57 = 21,170.51

    is that a good method? Or, is there an easier one?

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    Re: Calculating a Weekly Budget from Monthly numbers ...



    I think I would need to sit down with you so we can both point to a calendar to know what we both mean by "week". From there I would know better how to carve this one up.

    In the meantime I tried this in C5 of your upload
    Formula: copy to clipboard
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    and in B5
    Formula: copy to clipboard
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    I get the same as dflak.

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    Re: Calculating a Weekly Budget from Monthly numbers ...

    That's what I would do.

    BTW: Here is another handy formula: =DAY(DATE(YEAR(MYDATE),MONTH(MYDATE)+1,0)) This gives the number of days in the month containing MYDATE.
    =DAY(DATE(YEAR(MYDATE),MONTH(MYDATE),0)) gives the number of days in the previous month.

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    Re: Calculating a Weekly Budget from Monthly numbers ...

    this is great you guys, thank you!!!

    I "get" those formulas ... well, the +1 stuff usually throws me a little ... I get the idea behind them.

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    Re: Calculating a Weekly Budget from Monthly numbers ...

    Quote Originally Posted by FlameRetired View Post
    I get the same as dflak.
    That's what I like about Excel, there are so many different ways of doing the same thing.

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    Re: Calculating a Weekly Budget from Monthly numbers ...

    @ dflak
    Yes! And nearly every time I log on someone comes up with creative approaches I never dreamed of ... a real "think outside of the box" crew here.

    What fun!

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