Initialising

All local variables are automatically initialised to a Default Value when they are declared.
Explicitly initialising all your local variables makes your code more readable.

Declare and Initialise

Unlike a lot of other programming languages you cannot declare and initialise on the same line.
You must declare your variable on one line and then initialise the value on a new line.

Dim lMyNumber As Long 
lMyNumber = 500 

Boolean Variables

These default to False

Dim bMyVariable As Boolean 

Numeric Variables

Integer, Long, Single, Double and Currency are all initialised to zero.

Dim iInteger As Integer 
Dim lMyNumber As Long 
Dim sngMyNumber As Single 
Dim dbMyNumber As Double 
Dim cMyNumber As Currency 
'automatic initialisation will assign the value to 0

Variable Length Strings

These are initialised to a zero-length (or empty) string.

Dim sFirstName As String 
'automatic initialisation will assign the value to the empty string ""

Fixed Length Strings

These are initialised with the character represented by the ASCII code 0, or Chr(0).

Dim sFirstName As String * 10 

Variant Variables

These default to Empty

Dim vAnything As Variant 

Object Variables

These default to Nothing

Dim vMyObject As Object 

Important

Static variables cannot be initialised.