This should be a simple function but...

i cant seem to figure it out.
Hi everyone!
I am working on a spreadsheet to help keep track of my finances but cannot figure out one very important formula. Heres an example of what i want to do. In cell A1, I've got the balance of my auto loan. In column C I've got a drop down menu of various bill; in the adjacent column i enter the amount I've paid towards that bill for that month. So when I select "Auto Loan" from the pull down menu, i want it to subtract the amount in the adjacent column from the amount in A1. I've tried using the VLOOKUP formula, however, this only returns one value, even when there is more than one cell with the matching criteria. I need it to return the sum of these cells.
Can anyone help? Thanks! Rob

Hi,
I'm not sure how your table is formatted, but I thought this might illustrate a solution. I'm assuming that columns C contains all manner of daily expenses, food, clothing gas utilities, etc. I'm also assuming you are interested only in the "current" balance of you car payments, not intermediate balances from the initial amount. The formula is:
=Auto Loan Balance Initial Balance-SUMIF(Expense,"Auto Loan",Monthly Payment)
pw

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