Your goal is to develop a Python program that helps users manage their monthly budget. The program should allow users to input their income, various expense categories, and savings. Follow these guidelines: 1. Prompt the user to enter their monthly income. 2. Ask the user to input the amounts spent in different expense categories (e.g., rent, transportation, dining out). 3. Allow the user to input the amount they want to save. 4. Calculate the remaining balance after deducting expenses and savings from the income. 5. Display a summary of the budget, including total income, total expenses, savings, and the remaining balance. 6. Provide feedback on their budgeting skills based on the remaining balance: • Remaining balance 25% or more of income: Outstanding budgeting! * Remaining balance 15-25% of income: Solid financial planning. Remaining balance 5-15% of income: Keep an eye on your spending. • Remaining balance negative: Expenses exceeded income; reassess your budget. . Remember to include comments to explain the purpose, input, and output of the program. Use meaningful variable names and adhere to PEP 8 style guidelines for better code readability.

Your goal is to develop a Python program that helps users manage their monthly budget. The program should allow users to input their income, various expense categories, and savings. Follow these guidelines: 1. Prompt the user to enter their monthly income. 2. Ask the user to input the amounts spent in different expense categories (e.g., rent, transportation, dining out). 3. Allow the user to input the amount they want to save. 4. Calculate the remaining balance after deducting expenses and savings from the income. 5. Display a summary of the budget, including total income, total expenses, savings, and the remaining balance. 6. Provide feedback on their budgeting skills based on the remaining balance: • Remaining balance 25% or more of income: Outstanding budgeting! * Remaining balance 15-25% of income: Solid financial planning. Remaining balance 5-15% of income: Keep an eye on your spending. • Remaining balance negative: Expenses exceeded income; reassess your budget. . Remember to include comments to explain the purpose, input, and output of the program. Use meaningful variable names and adhere to PEP 8 style guidelines for better code readability.

Programming Logic & Design Comprehensive

9th Edition

ISBN:9781337669405

Author:FARRELL

Publisher:FARRELL

Chapter2: Elements Of High-quality Programs

Section: Chapter Questions

Problem 1GZ

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