What are the advantages of using Excel over lists, paper files, or simple Word documents? Are there any disadvantages?

What are the advantages of using Excel over lists, paper files, or simple Word documents?  Are there any disadvantages?  Explain your answer.Think of some ways you could use Excel at home.  Describe one example of something in your life that could be improved or more easily managed using Excel.Now that you have explored some of the possibilities for using Excel at home, what else do you need to or want to learn about Excel?