1. Count working days in January for hourly income projection
| Category | Month | Budgeted | Actual | Variance |
| Salary | Jan 2024 | $3,000 | $2,950 | -$50 |
| Rent | Jan 2024 | $1,000 | $1,000 | $0 |
=NETWORKDAYS(DATE(2024,1,1), DATE(2024,1,31))
Result: 23
January 2024 runs from Monday the 1st through Wednesday the 31st, spanning five weeks. After excluding 8 weekend days (4 Saturdays, 4 Sundays), 23 working days remain. For hourly earners, knowing the exact working days lets you forecast monthly income: if you earn $130/hour, 23 days × 8 hours/day × $130 = $23,920 before adjustments.
2. Exclude holidays to calculate billable working days
| Category | Month | Budgeted | Actual | Variance |
| Salary | Jan 2024 | $2,850 | $2,800 | -$50 |
| Bonus | Jan 2024 | $500 | $0 | -$500 |
=NETWORKDAYS(DATE(2024,1,1), DATE(2024,1,31), {DATE(2024,1,1), DATE(2024,1,15)})
Result: 21
From the base 23 working days, we subtract New Year's Day (Monday 1/1) and a scheduled personal day (Monday 1/15). This leaves 21 billable days. In a household context, adjust your monthly salary budget from $3,000 to 21/23 × $3,000 = $2,739 if income is hourly and tied to working days.
3. Compare February's shorter working calendar to January
| Category | Month | Budgeted | Actual | Variance |
| Salary | Feb 2024 | $2,850 | $2,800 | -$50 |
| Rent | Feb 2024 | $1,000 | $1,000 | $0 |
=NETWORKDAYS(DATE(2024,2,1), DATE(2024,2,29))
Result: 21
February 2024 (leap year) has 29 calendar days but only 21 working days. Comparing to January's 23 shows you should expect lower income for February: budget $2,850 instead of $3,000. This is why February bonuses and overtime opportunities become important—you have two fewer billable days despite the month being nearly as long.