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Description
Expense categories:
Expense list
The output list contains 7 variables.
- Main category
- Subcategory
- Name
- Cost
- Date
- Importance value between 1 and 4
- good or bad day
Process:
Regular expenses are divided into 5 main categories and each of these categories has several subcategories :
- Food and beverages
Supermarket
Kiosk
Bakery
Market
- Consumables
Drugstore
Clothing
Electronics
Furniture
Pets
Education
Stationery
Medicines
Narcotics
- Leisure & Entertainment
Cinema
Restaurant
Party
Event
Hairdresser
Hobby
Vacation
- Transport
Public transportation
Private transportation
- Extraordinary expenses
Additional costs
Investment
Each subcategory should also have an 'other' selection addition, in case the subcategories do not cover everything.
- When a category selection is made, the user can make an additional input definition to specify his selection.
- The next step is to select the appropriate date.
- After that a selection of importance between 1 to 4 should be made.
- In the end the choice between a good day and a bad day is made.
Fixed costs:
The fixed costs are stored in a separate file with three variables.
Categories:
- The first label will be a selection of the possible main categories of non-constant costs, so that later we can also assign them if needed.
- The second label should be the name of the constant costs (everything the user want to enter like rent, energy costs, cell phone contract, gym membership, Netflix and so on).
- The third label will be the importance (ranking the values from 1 to 4) to estimate if these costs are necessary.
Revenue
Income:
The income should also be saved in another file, since these data have not any assigned importance values. Income should be divided into two categories.
Recurring income should then be recognized by the program and automatically maintained as the base value each month.
Additional income should be added and observed only for the given month. If required, a total list of all irregular additional income over a certain period of time can be displayed later in the financial analysis.
Categories:
- Recurring income and Additional income.
- These are in turn given a name and value specified by the user.
✨🍰✨ Annotation:
If there is anything I have not mentioned please humble me and I will update this post.