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excel gurus needed

wyvrn

Lifer
I have what seems should be a simple task in excel, but I can't figure it out. I downloaded two columns of data into excel from my bank. Column one is line descriptions, and the corresponding second column is amounts. What I want to do is find all similar descriptions, for instance debit charges, or car payments, and sum up all values for each description in the corresponding second column. In other words, organize all charges by category, and give me a sum amount for each one. Is there an easy way to do this?
 
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