diff --git a/README.md b/README.md
index 092553a..7be8fde 100644
--- a/README.md
+++ b/README.md
@@ -13,35 +13,6 @@ web based HBCI banking software
 ## how to poll your bank account for updates
 have a look at the hbciMail/config_mail.py example and the MailWebsiteChanges tool (https://github.com/mtill/MailWebsiteChanges)
 
-# database model
-~~~~
-CREATE TABLE transactions(
-  account TEXT NOT NULL,
-  timestamp INTEGER NOT NULL,
-  amount REAL NOT NULL,
-  currency TEXT NOT NULL,
-  name TEXT NOT NULL,
-  description TEXT NOT NULL,
-  category TEXT NULL,
-  note TEXT NULL,
-  id INTEGER PRIMARY KEY AUTOINCREMENT);
-
-CREATE INDEX account ON transactions(account);
-CREATE INDEX timestamp ON transactions(timestamp ASC);
-
-
-CREATE TABLE categories(
-  pattern TEXT NOT NULL,
-  field TEXT NOT NULL,
-  category TEXT NOT NULL
-);
-
-CREATE INDEX category ON categories(category ASC);
-~~~~
-
-# database backup
-~~~~
+## how to backup the transaction database
 sqlite3 my_database.sqlite ".backup backup_file.sqlite"
 OR: sqlite3 my_database .dump > my_database.back
-~~~~
-
diff --git a/dbmodel.sql b/dbmodel.sql
new file mode 100644
index 0000000..4ed9732
--- /dev/null
+++ b/dbmodel.sql
@@ -0,0 +1,22 @@
+CREATE TABLE transactions(
+  account TEXT NOT NULL,
+  timestamp INTEGER NOT NULL,
+  amount REAL NOT NULL,
+  currency TEXT NOT NULL,
+  name TEXT NOT NULL,
+  description TEXT NOT NULL,
+  category TEXT NULL,
+  note TEXT NULL,
+  id INTEGER PRIMARY KEY AUTOINCREMENT);
+
+CREATE INDEX account ON transactions(account);
+CREATE INDEX timestamp ON transactions(timestamp ASC);
+
+
+CREATE TABLE categories(
+  pattern TEXT NOT NULL,
+  field TEXT NOT NULL,
+  category TEXT NOT NULL
+);
+
+CREATE INDEX category ON categories(category ASC);
diff --git a/kontomodel.py b/kontomodel.py
index db06b00..95412b9 100644
--- a/kontomodel.py
+++ b/kontomodel.py
@@ -12,10 +12,17 @@
 
 class KontoModel:
     def __init__(self, sqlitefile):
+        isExistingDB = os.path.exists(sqlitefile)
+
         self.conn = sqlite3.connect(sqlitefile)
         self.conn.row_factory = sqlite3.Row
         self.cursor = self.conn.cursor()
 
+        if not isExistingDB:
+            with open('dbmodel.sql', 'r') as thefile:
+                self.conn.executescript(thefile.read())
+            print("initiated new database")
+
     def close(self):
         self.conn.close()