15 best Python Personal Finance libraries in 2024

All new-age finance professionals committed to data analysis and data science are dependent on Python at some level. It is with Python that they can perform analysis on various financial data points. But Python turns out to be a formidable tool even while developing personal finance applications. For instance, you can scrape the web for personal finance data, download financial transactions, develop a budget tracking app, and so on, all with Python.

With that in mind, let’s have a quick overview of some of the best open-source Python packages and libraries for personal finance. Ofxstatement is a tool developed with the intention to convert proprietary bank statements to OFX format which is the accepted format for major personal accounting systems. One of the best open-source Python packages, finance-dl is used for scraping personal finance data from various financial institutions. It performs best when used with beancount-import which is a tool for semi-automatic data importing. We also have MyMoney, which is essentially a web application for personal finance built with Django. It can manage your bank account, your transactions, analyze them and schedule them if they’re recurrent. MyMoney a simple tool with the goal to analyze your expenses.