diff --git a/app/Models/Budget.php b/app/Models/Budget.php
new file mode 100644
index 0000000..5ffff5a
--- /dev/null
+++ b/app/Models/Budget.php
@@ -0,0 +1,20 @@
+<?php
+
+namespace App\Models;
+
+use Illuminate\Database\Eloquent\Factories\HasFactory;
+use Illuminate\Database\Eloquent\Model;
+use Illuminate\Database\Eloquent\SoftDeletes;
+
+class Budget extends Model
+{
+    use HasFactory, SoftDeletes;
+
+    protected $fillable = [
+        'category_id',
+        'rollover',
+        'budget',
+        'start_date',
+        'end_date',
+    ];
+}
diff --git a/app/Models/Category.php b/app/Models/Category.php
new file mode 100644
index 0000000..66bddb1
--- /dev/null
+++ b/app/Models/Category.php
@@ -0,0 +1,18 @@
+<?php
+
+namespace App\Models;
+
+use Illuminate\Database\Eloquent\Factories\HasFactory;
+use Illuminate\Database\Eloquent\Model;
+use Illuminate\Database\Eloquent\SoftDeletes;
+
+class Category extends Model
+{
+    use HasFactory, SoftDeletes;
+
+    protected $fillable = [
+        'name',
+        'description',
+        'default_budget'
+    ];
+}
diff --git a/app/Models/Transaction.php b/app/Models/Transaction.php
new file mode 100644
index 0000000..9487659
--- /dev/null
+++ b/app/Models/Transaction.php
@@ -0,0 +1,21 @@
+<?php
+
+namespace App\Models;
+
+use Illuminate\Database\Eloquent\Factories\HasFactory;
+use Illuminate\Database\Eloquent\Model;
+use Illuminate\Database\Eloquent\SoftDeletes;
+
+class Transaction extends Model
+{
+    use HasFactory, SoftDeletes;
+
+    protected $fillable = [
+        'category_id',
+        'date',
+        'amount',
+        'description',
+        'is_income',
+        'income_type',
+    ];
+}
diff --git a/database/migrations/2021_12_13_034402_create_categories_table.php b/database/migrations/2021_12_13_034402_create_categories_table.php
index 88c3fd1..d5c490b 100644
--- a/database/migrations/2021_12_13_034402_create_categories_table.php
+++ b/database/migrations/2021_12_13_034402_create_categories_table.php
@@ -15,6 +15,9 @@ class CreateCategoriesTable extends Migration
     {
         Schema::create('categories', function (Blueprint $table) {
             $table->id();
+            $table->string('name')->nullable();
+            $table->string('description')->nullable();
+            $table->decimal('default_budget', 12, 2)->default(0);
             $table->timestamps();
             $table->softDeletes();
         });
diff --git a/database/migrations/2021_12_13_035122_create_transaction_table.php b/database/migrations/2021_12_13_035122_create_transaction_table.php
new file mode 100644
index 0000000..6478ce8
--- /dev/null
+++ b/database/migrations/2021_12_13_035122_create_transaction_table.php
@@ -0,0 +1,38 @@
+<?php
+
+use Illuminate\Database\Migrations\Migration;
+use Illuminate\Database\Schema\Blueprint;
+use Illuminate\Support\Facades\Schema;
+
+class CreateTransactionTable extends Migration
+{
+    /**
+     * Run the migrations.
+     *
+     * @return void
+     */
+    public function up()
+    {
+        Schema::create('transactions', function (Blueprint $table) {
+            $table->id();
+            $table->foreignId('category_id')->references('id')->on('categories')->nullable();
+            $table->date('date')->nullable();
+            $table->decimal('amount', 12, 2)->default(0);
+            $table->string('description');
+            $table->smallInteger('is_income')->default(0); // 0 expense, 1 income
+            $table->smallInteger('income_type')->nullable(); // 0 is cash in , 1 is cash out
+            $table->timestamps();
+            $table->softDeletes();
+        });
+    }
+
+    /**
+     * Reverse the migrations.
+     *
+     * @return void
+     */
+    public function down()
+    {
+        Schema::dropIfExists('transactions');
+    }
+}
diff --git a/database/migrations/2021_12_13_035435_create_budget_table.php b/database/migrations/2021_12_13_035435_create_budget_table.php
new file mode 100644
index 0000000..c42b6bc
--- /dev/null
+++ b/database/migrations/2021_12_13_035435_create_budget_table.php
@@ -0,0 +1,37 @@
+<?php
+
+use Illuminate\Database\Migrations\Migration;
+use Illuminate\Database\Schema\Blueprint;
+use Illuminate\Support\Facades\Schema;
+
+class CreateBudgetTable extends Migration
+{
+    /**
+     * Run the migrations.
+     *
+     * @return void
+     */
+    public function up()
+    {
+        Schema::create('budgets', function (Blueprint $table) {
+            $table->id();
+            $table->foreignId('category_id')->nullable();
+            $table->decimal('rollover', 12, 2)->default(0);
+            $table->decimal('budget', 12, 2)->default(0);
+            $table->date('start_date')->nullable();
+            $table->date('end_date')->nullable();
+            $table->timestamps();
+            $table->softDeletes();
+        });
+    }
+
+    /**
+     * Reverse the migrations.
+     *
+     * @return void
+     */
+    public function down()
+    {
+        Schema::dropIfExists('budgets');
+    }
+}