Spreadsheet lovers rejoice! Microsoft is launching its “Money in Excel” feature that will help you tackle your personal finances and track your budget using spreadsheets.

In essence, it’s a template and add-in that will help you connect to your financial accounts–think bank, credit card and loan accounts–and it’ll import all the information directly in there. That way you can use the spreadsheet to track what’s going on with your money.

It may sound like the answer to your prayers but is it the best choice for you? Or is it better to choose one of many other online budgeting tools out there? Let’s find out.