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Excel bad habit number nine when writing formulas itamp;#39;s easy to reference static values by typing in numbers or text this is typically referred to as a hard-coded value and eventually the boss might want you to change these values this can cause you to spend a lot of time manually updating formulas throughout the workbook a more efficient way is to use variables put the hard-coded value in a separate cell then reference that cell in your formulas if the boss says letamp;#39;s change that rate to 25 percent you just change one cell that contains the variable and all formulas that reference the cell will automatically be updated hereamp;#39;s a pro tip if youamp;#39;re going to use the variable throughout the workbook create a named range for the cell that contains the variable you can then reference the name and formulas on other sheets without having to navigate back to the sheet that the variable cell is on
