Expense Tracker

We have daily expenses, from groceries to clothing to bills. There are so many
expenses that it’s normal to lose track of them and keep spending till we’re
almost out of cash. A tracker can help people watch their expenses.

This is where the expense tracker comes in. An expense tracker is a software
tool that allows users to keep track of their expenses. It can also analyze the
expenses, depending on how advanced it is, but let’s keep it simple for now.

With the expense tracker, users can set a budget and track their spending so
as to make better financial decisions.

Examples of Expense Trackers

Here are some implementations of the Expense Tracker idea:

 Buddi
 GnuCash

Technical Details

The main objective of this project is to keep track of the user’s expenses. Some
statistical analysis has to be done to be able to give users correct information
on their expenses and help them spend better.

While tracking the expenses is the key thing, a good interface is also
important. With PySimpleGUI, you can create a unique interface to improve the
experience of the users.

PyData libraries such as pandas and matplotlib can be helpful for building the
expense tracker.

The pandas library can be used for the data analysis, and the matplotlib library
can be used for plotting graphs. Graphs will give the users a visual
representation of their expenses, and a visual representation is usually easier
to understand.

The application will receive data from the users. The data here is the inputted
expenses. So, you’ll have to store the expenses in a database. The SQLite
database is a good database choice for this project since it can be set up
quickly. You can use sqlite3 module for the SQLite database.