Your goal is to develop a Python program that helps users manage their monthly budget. The program should allow users to input their income, various expense categories, and savings. Follow these guidelines: 1. Prompt the user to enter their monthly income. 2. Ask the user to input the amounts spent in different expense categories (e.g., rent, transportation, dining out). 3. Allow the user to input the amount they want to save. 4. Calculate the remaining balance after deducting expenses and savings from the income. 5. Display a summary of the budget, including total income, total expenses, savings, and the remaining balance. 6. Provide feedback on their budgeting skills based on the remaining balance: • Remaining balance 25% or more of income: Outstanding budgeting! * Remaining balance 15-25% of income: Solid financial planning. Remaining balance 5-15% of income: Keep an eye on your spending. • Remaining balance negative: Expenses exceeded income; reassess your budget. . Remember to include comments to explain the purpose, input, and output of the program. Use meaningful variable names and adhere to PEP 8 style guidelines for better code readability.
Your goal is to develop a Python program that helps users manage their monthly budget. The program should allow users to input their income, various expense categories, and savings. Follow these guidelines: 1. Prompt the user to enter their monthly income. 2. Ask the user to input the amounts spent in different expense categories (e.g., rent, transportation, dining out). 3. Allow the user to input the amount they want to save. 4. Calculate the remaining balance after deducting expenses and savings from the income. 5. Display a summary of the budget, including total income, total expenses, savings, and the remaining balance. 6. Provide feedback on their budgeting skills based on the remaining balance: • Remaining balance 25% or more of income: Outstanding budgeting! * Remaining balance 15-25% of income: Solid financial planning. Remaining balance 5-15% of income: Keep an eye on your spending. • Remaining balance negative: Expenses exceeded income; reassess your budget. . Remember to include comments to explain the purpose, input, and output of the program. Use meaningful variable names and adhere to PEP 8 style guidelines for better code readability.
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
Related questions
Question
Don't give me AI generated answer or plagiarised answer.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.Recommended textbooks for you
Database System Concepts
Computer Science
ISBN:
9780078022159
Author:
Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:
McGraw-Hill Education
Starting Out with Python (4th Edition)
Computer Science
ISBN:
9780134444321
Author:
Tony Gaddis
Publisher:
PEARSON
Digital Fundamentals (11th Edition)
Computer Science
ISBN:
9780132737968
Author:
Thomas L. Floyd
Publisher:
PEARSON
Database System Concepts
Computer Science
ISBN:
9780078022159
Author:
Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:
McGraw-Hill Education
Starting Out with Python (4th Edition)
Computer Science
ISBN:
9780134444321
Author:
Tony Gaddis
Publisher:
PEARSON
Digital Fundamentals (11th Edition)
Computer Science
ISBN:
9780132737968
Author:
Thomas L. Floyd
Publisher:
PEARSON
C How to Program (8th Edition)
Computer Science
ISBN:
9780133976892
Author:
Paul J. Deitel, Harvey Deitel
Publisher:
PEARSON
Database Systems: Design, Implementation, & Manag…
Computer Science
ISBN:
9781337627900
Author:
Carlos Coronel, Steven Morris
Publisher:
Cengage Learning
Programmable Logic Controllers
Computer Science
ISBN:
9780073373843
Author:
Frank D. Petruzella
Publisher:
McGraw-Hill Education