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A1 - Python Basics Review

Reference for this assignment

Python Manual - Pages 2-5

The section on f-strings on page 7 may also be useful.

Learning Goals

  • Use the printfunction
  • Use the input function to get both string and numerical data from the user
  • Work with variables, along with mathematical operators and functions
  • Use conditional statements that include: if, elif, else, and, or

Suggested Task

Overview

Build a Python program that acts as a financial consultant. Your script will collect financial data from a user, perform calculations to determine their financial health, and provide a personalized report based on specific logical conditions.

Requirements

Your program must successfully implement the following:

  1. Data Collection: Use input() to ask for the user's Name (stored as a string).

    • Use input() to ask for their Monthly Income, Rent/Mortgage, and Other Expenses (stored as floats).

  2. Calculations:

    • Calculate Total Expenses.

    • Calculate Monthly Net Savings (Income minus Total Expenses).

    • Calculate the Savings Percentage (what percent of their income they are keeping).

  3. Personal Feedback Message: Use if, elif, and else to provide feedback:

    • "High Saver" if savings are 20% or more of income.

    • "Moderate Saver" if savings are between 1% and 19% of income. More specifically, it might be useful to interpret this as any percentage greater than zero but strictly less that 20.

    • "Over-spender" if total expenses are greater than income.

Sample Output

Your final terminal output should look professional and clear, similar to this:

--- FINANCIAL HEALTH REPORT FOR: [Name] ---
Monthly Income: $[Value]
Total Expenses: $[Value]
Monthly Savings: $[Value]

Result: [Personalized Feedback Message]
-------------------------------------------

Hints and Guidelines

  • Ensure your variables are named descriptively (e.g., monthly_income instead of x).
  • Be sure to convert your input strings into numbers before performing math.
  • Test your code with different values to make sure your if statements trigger correctly!