Monthly_Budgeting_Algorithm_Assignment
Monthly_Budgeting_Algorithm_Assignment
A well-structured algorithm is the foundation of any robust software solution. This paper
presents an algorithm designed to calculate a user’s monthly budget by considering
income, fixed expenses, and variable expenses. It incorporates sequencing, conditional
logic, iterative loops, and addresses potential logical errors using debugging techniques to
ensure accuracy.
1. Start
2. Prompt the user: “Enter your total monthly income:”
3. Store the input in a variable income
4. Prompt the user: “Enter the total of your fixed expenses (e.g., rent, utilities):”
5. Store the input in a variable fixed_expenses
6. Initialize variable_expenses_total = 0
7. Prompt the user: “How many variable expenses do you have this month?”
8. Store input in a variable num_variable_expenses
9. Use a loop to collect each variable expense:
o For i from 1 to num_variable_expenses:
Prompt: “Enter amount for variable expense #i:”
Add the amount to variable_expenses_total
10. Compute total_expenses = fixed_expenses + variable_expenses_total
11. If total_expenses > income:
o Display: “Warning: Your expenses exceed your income by $
[total_expenses - income]”
12. Else:
o Display: “You are within budget.”
13. Compute remaining_budget = income - total_expenses
14. Display: “Remaining monthly budget: $[remaining_budget]”
15. End
Despite having a well-designed algorithm, a logical error may arise where the
remaining_budget value appears inaccurate. For instance, the result might be negative
or excessively high, even when the income and expenses are entered correctly. This could
occur due to incorrect data types, integer rounding issues, or a loop logic flaw.
To identify and rectify this, we apply a structured debugging approach:
for i in range(num_variable_expenses):
variable_expenses_total = 0 # This is incorrect inside
the loop
expense = float(input("Enter variable expense:"))
variable_expenses_total += expense
o Corrected Code:
variable_expenses_total = 0
for i in range(num_variable_expenses):
expense = float(input("Enter variable expense:"))
variable_expenses_total += expense
2. Print Debugging:
o Insert print statements to observe real-time values of variables:
By combining these techniques, developers can effectively identify and fix logical errors
that affect budget calculation accuracy. Debugging not only ensures correctness but
enhances reliability and user trust in financial applications.
Conclusion
References
Gaddis, T. (2021). Starting Out with Python (5th ed.). Pearson Education.