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We'll be building an Expense Tracker application. What kind of data do you think we'll need to track? List at least 5 data points relevant to our project.

Question

We'll be building an Expense Tracker application. What kind of data do you think we'll need to track?

List at least 5 data points relevant to our project.

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Solution

  1. Expense Category: This could include categories like groceries, rent, utilities, entertainment, etc. It's important to categorize expenses to understand where most of the money is being spent.

  2. Date of Expense: Tracking the date of each expense can help identify spending habits over time and can be useful for budgeting.

  3. Amount Spent: This is the actual cost of the expense. This data is crucial for tracking total spending and comparing it to income or budget.

  4. Payment Method: This could be cash, credit card, debit card, etc. This can help track spending habits and manage credit card usage.

  5. Description/Notes: A brief description of the expense or any additional notes. This can provide context for each expense and can be useful when reviewing expenses later.

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