We often wonder at the end of the week, where we spent our money throughout the week and ended up with an almost empty wallet. This is where tracking personal finance is especially important. Although paper bookkeeping is a great way to go about it, there are several applications and software out there which will get the job done as well. However, with these advanced applications which cater to almost any need, you can think of, the complexity of using the application goes up exponentially. But in actuality, as a day to day tracker, you really only need something simple, quick, and lets you keep a close eye on what you’re spending on.

So why not just build your own simple web application? Today we’ll have a look at what makes Django the perfect web framework to get started with to create a personal finance tracking application that you can use to effectively manage your budget, track your expenses and find out what you’ve been indulging in.

The importance of using a personal finance tracking application

A personal finance application empowers you to take better care of your money and track how efficiently you spend your hard-earned cash. There are several important advantages that come with a finance tracking application:

  • You can plan and try to stay within a set budget, which will then prompt you depending on whether you exceed, or stay within it. This is an important way to ensure that you are not spending your money on things which you may later consider as being a wasteful expenditure.
  • Charts and graphs can be used to visualize which aspects of your life are costing you more money than others. Additionally, you may even want to visualize your daily expenditure and keep an eye on anomalous days.
  • All your information will be available to you at a moment’s notice and you will be able to update your expenses in real-time if you wish to.
  • You can customize categories, limits, organization and much more to create a more expressive budget plan.
  • Save money in the long run by correcting any poor spending habits.

Why Build a Web Application for It?

Once you handle the part where you make your interface mobile-friendly, you can access your personal finance tracking application from anywhere, be it your computer or your phone, and so you are able to quickly commit changes to your logs whenever you spend a little on a lunch or even a lot on a new home appliance.

The robustness and flexibility of a web application give you an incentive to track your finances without worrying about any of the bookkeeping.

Finally, as you will be building the entire application by yourself, you will be able to fine-tune it to the features you need, the designs you want and the extent to which you want to complicate your personal finance history. All the power is in your hands.

Harnessing the Power of Django to Build a Personal Finance Tracking Application

Django is Python’s answer to a server-side web development framework and really helps you focus on building your application rather than spending a lot of time setting everything up on the backend. With Django, you get several key advantages:

  • Easy to grasp quickly
  • Your application’s codebase will excel in clarity and readability
  • Django is versatile and you can add a lot of cool features to your personal finance tracker
  • Fast to write and deploy, goes with Python’s principles of quick and simple code ready for use

With these in mind, let’s dive into what really makes it suitable for your personal finance tracker app.

1. Fast to Deploy

First and foremost, getting your application from production to development as fast as possible is what Django has been designed to do. Therefore, without any further delays towards better spending, you can quickly get started with no two-fronts, learning Django for web development, and create a functional finance tracker that you can start using immediately.

2. Standard Features are Built-In

For a personal finance tracker side, it’s important to ensure that you are the only one who is able to access your application. Here, Django makes it easy for you to focus on the functional parts of your application rather than bogging you down with authentication code. Django comes packed with a lot of the standard features you expect out of a web application like site maps, content administration and most importantly for your purpose, user authentication. With this in your hand, you can get started very quickly and jump right into coding the essentials of your tracker while having a secure login for yourself. Moreover, if you do decide to add more users to your application, Django has all of that handled and you need not spend your time on these tasks.

3. Security is Handled by Django

A lot of security measures come pre-built in Django to prevent you as the developer from exposing your personal financial spending habits to unruly people. Django features countermeasures against cross-site request forgery, clickjacking and cross-site scripting, thereby letting you spend more time on the look-and-feel of your application and its functional aspects rather than making it secure, as a lot of it is handled for you by Django.

4. Powerful Open-Source Libraries

Python has plenty of open-source libraries that you can use in your codebase to make things just a little easier and implement complicated functions and features quite easily. Along with the extensive documentation, there are online communications as well form which you can get ample support to build an exciting feature for your finance tracking application.

To conclude, Django is a powerful web framework that you can use to build your personal finance tracking application. Although it does not scale well with user-numbers, the personal user case presented here makes it an elegant and efficient choice to kickstart the project without spending too much time building it from the ground up.