How to Create a Simple Budget Calculator Using Python?

Are you looking for an easy and efficient way to keep track of your finances? 

Look no further than this tutorial on how to create a simple budget calculator using the Python programming language.

Introduction

Python is a versatile and user-friendly programming language that can be used for a wide range of applications, including budgeting. This tutorial will walk you through the process of creating a simple budget calculator that allows you to input your income and expenses, and calculate your total income and expenses.

Materials

To follow along with this tutorial, you will need the following:

  • A computer with a Python development environment set up (such as IDLE or PyCharm)
  • Basic knowledge of Python programming concepts, such as variables, loops, and functions

Creating the Budget Calculator

How to Create a Simple Budget Calculator Using Python?
How to Create a Simple Budget Calculator Using Python?

The first step in creating the budget calculator is to define the income and expense functions. In the code provided, the income function prompts the user to enter their income sources and income amounts, and stores the information in a dictionary. The expense function prompts the user to enter their expenses and expense amounts and also stores the information in a dictionary.
def income():
income_list = {}
add_income = input("Add income (y/n): ")
if add_income == "y":
name = input("Enter income source: ")
income = int(input("Enter income amount: "))
income_list[name] = income
return income_list
def expense():
expense_list = {}
add_expense = input("Add expense (y/n): ")
if add_expense == "y":
expense_name = input("Enter expense name: ")
expense_amount = int(input("Enter expense amount: "))
expense_list[expense_name] = expense_amount
return expense_list
view raw income_expense.py hosted with ❤ by GitHub

Next, the program calculates the total income and total expenses by summing up the values in the income and expense dictionaries, respectively.

income_list = income()
expense_list = expense()
total_income = sum(income_list.values())
total_expense = sum(expense_list.values())
view raw budget_2.py hosted with ❤ by GitHub

Finally, the program displays the total income and total expenses of the user.

print("Total income: ", total_income)
print("Total expense: ", total_expense)
view raw budget_3.py hosted with ❤ by GitHub

Conclusion

This tutorial has provided an overview of how to create a simple budget calculator using Python. By following the steps outlined in this tutorial, you can create your own budget calculator that will help you keep track of your finances.

Food for Thought

This budget calculator can be made more advanced by adding the functionality of visualizing the data or creating a GUI with the help of a library such as Tkinter. You can also add the ability to save data for future use and make it more interactive by adding more expense and income types.

It should be noted that the code provided is just a basic example, it is important to consider the security and data validation of the information entered by the user.