Tracking personal finances can be tedious. It either requires a massive time investment to keep everything well categorized as new transactions come in or it is far from accurate with tools that try to do prediction to define categories for you. Perhaps it works fine for names such as "Wall Mart" or "Starbucks" but your local bakery called "Morty's Place" is definitely not going to get picked up by the model. Many personal finance tools allow you to manually adjust these categories but that is just as tedious as doing it from scratch.

With PersonalFinance I want to make it easier to manage your finances. Through defining each category with appropriate keywords, you can be sure that the model will categorise transactions how you defined them. This is because it is not a generic model that is trained on a large dataset of transactions from all over the world. It is trained on your own data, which means that it will be able to categorise transactions that are specific to you. This results in Morty's Place being correctly categorised as a Bakery.

To assist in not needing to get exact matches, the package makes use of the Levenshtein distance to determine how similar two strings are. This means that if you have a category called "Groceries" with the keyword "Supermarket" and a transaction comes in with the name "Rick's Super Market", it will still be categorised as "Groceries". There is a limited amount of Mumbo Jumbo going on here on purpose so that it still becomes logical why it is categorised as such.

By doing most of these things through Python and Excel, you have the complete freedom to decide what to do with the output. For example, you can use it to create your own personalized dashboards via any programming language or application such as Excel, PowerBI, Tableau, etc. I don't want to bore you with custom dashboards that I tailored to myself just so that you can come to the conclusion that it isn't a perfect fit for you.

<p align="center"> <img src="examples/Personal Finance - 3. Video Demo.gif" alt="Personal Finance Illustration" width="100%" onerror="this.style.display = 'none'"/> </p>

Installation

Before installation, consider starring the project on GitHub which helps others find the project as well.

<a href="https://github.com/JerBouma/PersonalFinance" target="_blank"><img width="1415" alt="image" src="https://github.com/JerBouma/PersonalFinance/assets/46355364/6138cce1-87be-43f5-8f9f-f647bba9844e"></a>

To install the PersonalFinance it simply requires the following:

pip install personalfinance -U

Then to use the features within Python use:

from personalfinance import Cashflow

cashflow = Cashflow()

This will generate the configuration file for you to use which you can supply again by using configuration_file='cashflow.yaml'. See below for more information about each capability and what you can do with this file.

Getting Started

To get started, you need to acquire a configuration file that defines your transactions. This file consists of things such as the location of the datasets, the columns that define e.g. the name, the amount, the date and the categories and keywords that can be used to categorize transactions. The configuration file is automatically downloaded on initialization.

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<b><div align="center">Find a detailed guide how to use the package for your own personal finances <a href="https://www.jeroenbouma.com/projects/personalfinance">here</a>.</div></b>

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To see an example, you can run the following code:

from personalfinance import Cashflow

cashflows = Cashflow(example=True)

cashflows.perform_analysis()

Before it does anything, it will download the example datasets as found here. This is merely meant for you to understand how the functionality works. When you are ready to use it for your own cashflows, you can simply remove the example=True argument and supply your own configuration file. If you don't have one yet, it will automatically supply one if you use Cashflow(). See the Notebooks as found here for an in-depth explanation.

The perform_analysis functionality does the following things:

1. It reads all the cashflow datasets based on the configuration file's file_location parameter. This can be a single file, a selection of files or an entire folder. It also applies the cost or income indicator if the numbers in your file are all positive (e.g. a column that says "Plus" or "Minus") if chosen.
2. It starts applying categorization based on the categories section in the configuration file. It uses Levenshtein distance to find matches that are closely related (e.g. 'Tim's Bakery' and 'Bakery' would fit in the same category)
3. It generates multiple transactional and categorized overviews on a weekly, monthly, quarterly and yearly basis.
4. It generates an Excel file in which all of the results are displayed in a neat format based on the excel section of the configuration file. This is optional and can be disabled by setting write_to_excel to False.

See the resulting image for the file that is generated based on the example dataset:

Besides that, you don't have to continue in Excel if you are handy with Python as all created datasets can be directly accessed in Python as well. All of the datasets can be accessed through the related get functions for example:

cashflows.get_period_overview(period='yearly')

Which returns:

| Yearly | Totals | Income | Investing | Charity | Government | Health and Insurance | Housing | Study | Subscriptions | Transactions | Transport | Sports | Shopping | Groceries | Food and Drinks | Holidays | Cultural | Festivals, Clubs and Concerts | Other | |:---------|---------:|---------:|------------:|----------:|-------------:|-----------------------:|----------:|---------:|----------------:|---------------:|------------:|---------:|-----------:|------------:|------------------:|-----------:|-----------:|--------------------------------:|---------:| | 2014 | 149.46 | 1222.75 | 0 | 0 | 0 | -75.41 | 0 | -95.7 | -131.42 | 469.12 | -77.7 | -82.91 | -650.32 | -319.46 | -278.28 | -163.07 | 0 | 71.67 | 260.19 | | 2015 | 789.73 | 1242.6 | 0 | 0 | -127.57 | -71.59 | -1026.65 | 1108.65 | -31.79 | 578.43 | -251.82 | -4.51 | -1286.13 | -149.76 | -218.76 | 0 | -14.48 | 0 | 1043.11 | | 2016 | 1306.27 | 4993.12 | 0 | 0 | -39.64 | 0 | 518.6 | -2334.47 | -20.61 | -11.02 | -44.48 | -47 | -1192.55 | -193.12 | -140.6 | -281.97 | 0 | -28.3 | 128.31 | | 2017 | -352.76 | 6258.63 | 0 | 0 | 0 | -974.74 | -1396.04 | -859.6 | -83.95 | 51.26 | -222.98 | -257.71 | -2146.88 | -680.85 | -89.78 | -883 | -53.22 | -109 | 1095.1 | | 2018 | -1237.81 | 12989.7 | -1.04 | 0 | -356.92 | -1220.38 | -1235.84 | -2462.28 | -420.47 | 221.27 | -305.25 | -34.51 | -2057.27 | -1209.5 | -931.88 | -1042.69 | -80.68 | -93.65 | -2996.43 | | 2019 | 8754.51 | 29320.7 | 0 | 0 | -311.95 | -1300.17 | 0 | -1288.88 | -292.23 | -1063.32 | -1130.1 | -413.42 | -3692.94 | -2098.15 | -1362.4 | -701.8 | -230.32 | -179.51 | -6501 | | 2020 | -1170.22 | 34069.3 | -8430.84 | -250.08 | -59.7 | -1113.59 | 0 | -13.83 | -22.87 | -246.95 | -9873.4 | -331.94 | -4743.16 | -2373.74 | -1489.41 | -635.22 | -63.8 | 0 | -5591.02 | | 2021 | 2354.07 | 34372.5 | -12231.2 | -273.87 | 888.03 | -144.25 | -52.87 | -70.02 | -210.36 | -1198.2 | -1184.15 | -30.12 | -4145.31 | -3529.78 | -2758.37 | -748.1 | -159.17 | 0 | -6170.6