1. Assess order of magnitude of a budget item
| Category | Month | Budgeted |
| Housing | January | 2000 |
=LOG10(B2)Result: 3.301
LOG10(2000) returns 3.301, indicating the housing budget of $2000 falls between 10³ and 10⁴, specifically at 10^3.3. This helps quickly identify which magnitude range an expense belongs to, compressing a wide spread of values into normalized form for comparison.