Managing personal finances effectively requires a combination of precision, foresight, and smart planning. Microsoft Excel offers a robust suite of tools, particularly under its “What-If Analysis” ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, ...

After opening Excel, click File. At the bottom of the File menu, click Options. Click Add-Ins and then Go… . This opens an additional pop-up window that allows you to select the Analysis ToolPak.

To question “what if” is part of human nature — and the backbone of scenario planning in business. With greater use of machine learning, artificial intelligence (AI), and other advanced software tools ...