Google-sheets – What formula would I use to calculate monthly cost

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I'm trying to make a Google Sheets that will list my total expenditures in the form of recurring fees/subscriptions. I've successfully enabled the basic 'SUM=(C2:C24)', but I would like to add a caveat; periods of time. To clarify, some of my expenditures are every three months and some are every month. I would like to take this into account. An example:

I pay Last.fm $9 every 3 months for their premium service. While I could simply change the price column to $3/month, I would like to be able to account for this using the formula. I am not familiar with formulas in Excel or Google Sheets beyond being able to read them.

Best Answer

Column A can be the recurring cost. Column B can be the number of months in the recurrence. Column C can divide Column A by Column B to get the monthly cost. Then you can sum column C. For your last.fm example:

A2 = "9.00"
B2 = "3"
C2 = "=A2/B2"

The your total monthly cost would be the sum of Column C.