When you're reviewing a budget, one of the fastest checks is to spot the smallest cost line. Excel can do this instantly.

The MIN function returns the smallest number in a list or range.

For example:

=MIN(10, 4, 25) returns 4

What you need to do

1. Click cell C9 (the cell next to "Lowest expense:").
2. Type a formula that returns the minimum value in the range C2:C7.
3. Press Enter to calculate the lowest expense amount.

Goal

Cell C9 should show the lowest value from the budget amounts in column C.