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Tracking Personal Finances using Python

Learn how to build a simple, privacy-aware, and developer-friendly workflow using Python to keep your personal finances in check.

In this e-book, we'll work on building your personalized "multi-banking" application powered entirely using Python and a bunch of plain text files.

The Python ecosystem contains an excellent package called Beancount which provides the foundations for working with money. At its core, Beancount provides a collection of command line utilities to manage and perform different kinds of analysis on financial transactions stored in plain-text files.

We'll take Beancount as the starting point to build your multi-banking application. This application will act as the single point of contact for your entire financial history, and:

1. store every single piece of data from all your bank accounts (only on your machine)

2. act as the the first point of contact if you want to look up anything related to your finances (questions like "How much did I make from that consulting work last month?" or "What did I spend on that vacation last year?")

3. import new financial transactions from your bank accounts on a continuous basis

4. use customized tools to interact with your financial ledger, analyze your past financial behavior, show your spending patterns, income sources, current liabilities, and more

The final result will be a Git repository on your computer where you can view / edit everything related to your money.

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