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Ds Report

The Personal Finance Tracker project aims to enhance financial literacy by providing a simple command-line tool for managing income, expenses, and savings goals. It utilizes Python, SQLite, and Matplotlib to ensure accessibility, lightweight operation, and effective data visualization. The project addresses common financial management challenges by offering a user-friendly solution that operates offline and encourages responsible financial planning.

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20 views5 pages

Ds Report

The Personal Finance Tracker project aims to enhance financial literacy by providing a simple command-line tool for managing income, expenses, and savings goals. It utilizes Python, SQLite, and Matplotlib to ensure accessibility, lightweight operation, and effective data visualization. The project addresses common financial management challenges by offering a user-friendly solution that operates offline and encourages responsible financial planning.

Uploaded by

praisikamahendran13568
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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📝 Project Selection Overview

The motivation behind selecting the Personal Finance Tracker project stems from the growing
importance of financial literacy and budget management in everyday life. Many individuals
struggle to maintain consistent oversight of their income, expenses, and savings goals, leading to
poor financial decisions and unplanned expenditures. This project addresses that gap by
providing a simple yet effective tool for personal financial management.
The choice to implement this as a command-line application using Python ensures accessibility
and ease of use, especially for beginners and users without access to complex financial software.
The use of SQLite allows for secure, local, and lightweight data storage without the need for
internet connectivity or external servers. Integration with Matplotlib brings valuable insights
through visual representations of spending habits, enabling users to understand and improve their
financial behavior.
This project not only demonstrates core data handling and visualization techniques but also
highlights responsible software development practices by focusing on user needs and practical
problem-solving. In essence, it combines technical learning with real-world utility, making it an
ideal choice for personal, academic, or portfolio-building purposes.
Here's a well-written section for 2. Problem Identification that you can include in your project
report for the Personal Finance Tracker:

🔍 2. Problem Identification
In today’s fast-paced digital world, individuals often face challenges when it comes to managing
their personal finances effectively. While various apps and software exist for financial tracking,
many are either too complex, require subscriptions, or lack customization to suit individual
needs. As a result, users may:
 Lose track of income and expenses
 Fail to monitor budget limits
 Lack clear insights into spending patterns
 Miss savings goals due to poor planning
 Feel overwhelmed by financial data spread across different sources
Additionally, many users prefer lightweight, offline solutions that don’t rely on cloud
connectivity or external accounts. For those who are new to personal finance management, a
simple yet functional tool is essential for cultivating disciplined spending habits and achieving
financial goals.
Therefore, there is a clear need for a user-friendly, command-line-based personal finance
tracker that enables users to:
 Log income and expenses conveniently
 Monitor balances in real time
 Visualize spending habits clearly
 Set and track savings goals
 Operate without internet dependency
This project directly addresses these needs by providing a minimal, functional, and effective
solution using accessible technologies like Python, SQLite, and Matplotlib.

Great! Below is a detailed write-up for sections 3 to 9 of your project report on the Personal
Finance Tracker. You can directly use this in your documentation or submission.

✅ 3. Objective Definition
The main objective of this project is to develop a command-line-based Personal Finance
Tracker that helps users monitor their financial activities. The key goals include:
 Providing a simple interface to record income and expenses
 Automatically calculating total income, expenses, and remaining balance
 Categorizing expenses for better insights
 Setting and tracking progress toward savings goals
 Generating visual reports using charts for better understanding of spending patterns
 Encouraging individual responsibility in financial planning

📋 4. Requirement Gathering
Functional Requirements:
 Add Income with amount and description
 Add Expense with category, amount, and description
 View a financial summary (total income, expenses, and balance)
 Set and track savings goals
 Visualize data using bar charts, pie charts, and line graphs
 Store data persistently in a local database
Non-Functional Requirements:
 Should be simple and easy to use via command line
 Lightweight and offline-capable
 Data should be saved securely and be accessible across sessions
 Visualizations should be clear and informative

5. Technology Selection
Technolog
Purpose
y

Python Core programming language for logic

SQLite3 Embedded database for storing


Technolog
Purpose
y

transactions

Matplotlib To create charts and graphs

CLI
Interface for user interaction
(Terminal)

Reason for selection:


Python is easy to learn and widely used for scripting and data analysis. SQLite is a file-based,
serverless database — perfect for local apps. Matplotlib provides robust charting options with
minimal setup.

6. Design and Architecture


Architecture Overview:
+----------------------+
| main.py (Menu) |
+----------------------+
|
v
+----------------------+
| db_manager.py | <-- Handles DB operations (add/view)
+----------------------+
|
v
+----------------------+
| charts.py | <-- Creates graphs using Matplotlib
+----------------------+

Data Model (SQLite Table Structure):


Transactions Table
 id (Primary Key)
 type (Income/Expense)
 category
 amount
 description
 date
Goals Table
 id
 goal_name
 target_amount
 current_amount
🧑‍💻 7. Implementation
The application is implemented using Python’s modular approach.
Key components include:
 User Menu (main.py): Displays options and handles user input
 Database Layer (SQLite): Handles CRUD operations for income, expenses, and goals
 Visualization (charts.py): Generates:
o Pie chart of spending by category
o Line chart of expenses over time
o Bar chart comparing income vs expenses
Each feature is handled as a separate function, ensuring modularity and reusability.

🧪 8. Testing and Validation


Manual Testing:
 All functions tested with both valid and invalid inputs
 Verified database updates on each operation
 Checked visual output correctness for different data sets
Test Cases:
Statu
Feature Test Case
s

Add Income Valid and invalid input formats ✅

Category handling and input


Add Expense ✅
checks

View Calculation of balance and


✅
Summary totals

Set Goals Edge cases for goal input ✅

Visualization Graph generation with no or


✅
s full data

📤 9. Presentation and Deployment


Presentation:
 CLI demo showing each menu option in action
 Charts saved as PNG images for visual demonstration
 Optionally, integrate with tools like Streamlit for UI-based demo in future
Deployment:
 Platform-independent (Linux, Windows, MacOS)
 Easy to run using:
 python main.py
 Hosted on GitHub for public access
 Future scope: Convert to a desktop or web application for broader accessibility

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