Building a Budget Analysis Tool with Machine Learning and Python

Ismat Samadov
6 min readMay 9, 2024

Welcome to the world of “Budget Analyse”, a savvy tool that does more than just monitor your expenses — it predicts them!

Powered by the magic of machine learning and brought to life through Python, this tool isn’t just a financial advisor — it’s your personal finance guru wrapped up in a sleek, user-friendly interface.

Dive into the nuts and bolts of how we built a system that can guess how much you’ll spend on lattes this month faster than you can say “double espresso.”

Whether you’re a data scientist, a budget-conscious spender, or just a tech enthusiast, there’s something here for everyone.

Let’s explore how Python, Flask, and Streamlit aren’t just tools in our belt, but gateways to understanding and mastering your financial future!

Photo by Myriam Jessier on Unsplash

In this article, we’ll explore how to build a budget analysis tool using a machine learning approach. The tool predicts budget categories based on historical data, leveraging Python’s powerful libraries like Flask for the API backend and Streamlit for the frontend. Our model is trained on budget data, allowing predictions that can help manage and predict future budget allocations.

Dataset Overview

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