IdeaSpark Poster SY 14 AAMV.pptxIdeaSpark Poster SY 14 AAMV.pptxIdeaSpark Poster SY 14 AAMV.pptx

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1. DEPARTMENT OF COMPUTER SCIENCE & ENGINEERING Topic: Personal Finance Manager Group members : Akshay patra ,Ajinkya Deore Vedant Kanojia ,Mayank Sinha Faculty Guide: Prof Khushal Kunjir Proposed Architecture/ Diagram: MIT SCHOOL OF COMPUTING Abstract/ Objectives: 1. It can be accessed by unlimited number of users. 2.The user can have access to all the information in the site with limited services and provide extra services to registered users. 3.Only registered members will be provided with communication between user, experts and owner of the house. 4. . Our project laid a web based platform for the city guide and can search every place in the city with out taking the help of any personal broker. P Problem statement Many individuals struggle with effectively managing their personal finances, leading to financial stress, overspending, and a lack of savings. People find it challenging to track their income, expenses, and financial goals in a convenient and organized manner. As a result, there is a need for a comprehensive Personal Finance Manager application that can help users take control of their finances, make informed decisions, and work towards achieving their financial objectives. Class : SY-14 Group Id: 06 What User Says Lack of clarity with financial situationIs embarrassed at how her process lacks organizationWants to be more mindful of how spending money What User Thinks Financial management system could use some improvement Mentally sets budgets/goals Bank employees have their own agenda, are not looking out for her best interest What User Does Receives statements and bills via paper and digital format .Doesn't write notes.Doesn’t set reminder’s.Get financial advice from friends and family members. What User Feels Lack of motivation to find water solution on how to save moneyFeels bad about increased spending’s during pandemicForgetful needs significant other to remind her of her to dos Proposed solution Develop a Personal Finance Manager application that allows users to track and manage their income, expenses, and financial goals. The application should provide features such as expense categorization, budget setting, transaction history, and insightful visualizations to help users make informed financial decisions and achieve their financial objectives. personal finance manager Expense tracking and Categorization Income Management Budget Setting Income Management Financial Goal Setting Transaction History Visualizations and Reports A.I generated Investor App Visualisation Scope And Feasibilty The scope of the Personal Finance Manager includes creating a digital platform that helps users effectively manage their personal finances. The necessary technology, including app development tools and secure data storage, is readily available. The project's cost should align with the available budget. The revenue potential, whether through subscriptions, in-app purchases, or advertisements, should cover ongoing expenses. Sr. No. Requirement Proposed Solution 1. User needs a tracker to track the transactions easily We will have a transaction tracker with graphs and pie chart to provide a simple understanding of there expenses 2. User wants to set a future budget goal for which he/she require a planner For this we have a planprovider to set and restrict the user to spend more than required to fulfill his/her future goals 3. user wants a personal investor to invest the money for future growth we will provide a A.I generated investor that can assist with the investment decision by providing insights,analysis and suggestion based on historical data and market trends 4. user needs a easy and accessible interface we will provide a customizable interface suggested by the user IDEATION