Some Useful Formula Fields
1) Get Week Day CASE( MOD( DATEVALUE( CreatedDate ) - DATE( 1990, 1, 7 ), 7 ), 0, "Sunday", 1, "Monday", 2, "Tuesday", 3, "Wednesday", 4, "Thursday", 5, "Friday", "Saturday" ) 2) Get Month Year Based on PickList Values if( ispickval(Status__c,'THIS_MONTH'), (case(Month(Date__c), 1,"JAN", 2,"FEB", 3,"MARCH", 4,"APRIL", 5,"MAY", 6,"JUNE", 7,"JULY", 8,"AUG", 9,"SEP", 10,"OCT", 11,"NOV", 12,"DEC", " " ) +'-'+ TEXT(year(Date__c))) , if(ispickval(Status__c,'NEXT_MONTH'), (case(Month(Date__c) + 1 , 1,"JAN", 2,"FEB", 3,"MARCH", 4,"APRIL", 5,"MAY", 6,"JUNE", 7,"JULY", 8,"AUG", 9,"SEP", 10,"OCT",