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Could someone help me setup Excel as an Expenses Tracker app?

Our take

Creating an Excel worksheet to track your expenses is a great way to manage your finances effectively. It sounds like you have a solid start with the drop-down menu for expenditure categories. To build a "formulaic sheet" that includes income and automatically updates your balance, you can use simple formulas that reference your income and expenses. By setting up these formulas correctly, you'll gain a clearer picture of your financial situation.

Ok, so I would like to create an Excel worksheet tracking my expenses. While I do know how to create a data validation for a drop-down menu for the expenditure's category (e.g. food, travel etc.), I need help in creating a "formulaic sheet" where if I add on Income it will add accordingly to the balance I had left. I am well aware this is probably not making much sense. ENglish is my second language so please understand.

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