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A comprehensive personal finance management web application that tracks expenses, manages budgets, and provides AI-powered financial advice. Users can link bank statements, categorize transactions automatically, and receive personalized savings recommendations.
Problem Statement
College students and young professionals in India often struggle with financial management due to lack of budgeting skills and tools. Most finance apps are either too complex or not tailored for the Indian context (UPI transactions, Indian tax regime). A simple, intelligent finance manager with AI-driven advice can help users develop better financial habits early in their careers.
Objectives
Build a responsive personal finance dashboard
Implement automatic transaction categorization using ML
Create budget planning and tracking features
Develop an AI advisor for personalized savings tips
Design expense analytics with visual reports
Modules
Transaction Management
Manual entry and CSV/PDF bank statement import with automatic categorization using NLP.
Budget Planner
Set monthly budgets by category, track spending against budgets, and receive overspending alerts.
AI Budget Advisor
Groq LLM-powered chatbot that analyzes spending patterns and provides personalized financial advice.
Analytics Dashboard
Interactive charts showing spending trends, category breakdowns, income vs expenses, and savings rate.
Goals & Savings
Set savings goals, track progress, and receive recommendations for reaching financial targets.
Expected Output
A web application where users can track all their expenses and income, view spending patterns through interactive charts, set and monitor budgets, and chat with an AI advisor that provides personalized money-saving tips based on their actual spending history.
Future Scope
UPI integration for automatic transaction capture, investment tracking and portfolio analysis, group expense splitting, tax planning assistant for Indian income tax, and family finance management with shared budgets.