PROJECT PRESENTATION ON
TITLE : PERSONAL EXPENSE MANAGEMENT
SEM : III
Guide: DR. VRAJESH MEHTA
DEPARTMENT OF INFORMATION TECHNOLOGY
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MEMBERS
Tanmay Ubhare TU4F2324054-A48
Tushar Suryawanshi TU4F2324052-A46
Kshitij Gulhane TU4F2324049-A43
Aditya Khandekar TU4F2223048-A58
DEPARTMENT OF INFORMATION TECHNOLOGY
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Outline
1. Introduction
2. Abstract
3. Why we chose this topic
4. Literature Review
5. Problem Statement
6. Objectives (2 to 3)
7. Proposed Solution
8. Conclusion
DEPARTMENT OF INFORMATION TECHNOLOGY
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ABSTRACT
• This project aims to develop a Personal Expense Management System, a
comprehensive tool designed to help users track, analyze, and manage their
expenses efficiently.
• Users can establish budgets for each category in the tracker, which often has
predetermined categories like grocery, transportation, and entertainment.
• Each time a user makes a purchase, they log the amount and the category in
the tracker.
• Users can track their expenditure, assess how it compares to their budget, and
make necessary adjustments to help them reach their financial objectives by
frequently reviewing the tracker.
• In general, an expenses tracker is a useful tool for anyone trying to take
charge of their finances and make wise decisions regarding their spending.
DEPARTMENT OF INFORMATION TECHNOLOGY
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INTRODUCTION
It is more important than ever to handle personal
and business finances with a feeling of efficiency in
the fast-moving 21st-century world. A good
expense management system can automate
financial procedures, lower the number of mistakes
within an organization and is able to capitalize on
statistics by watching spending trends.
Introduction this proposal is discussing about a
project to develop an interest on expense
management project that will help individual and
business organization in managing their expenses.
DEPARTMENT OF INFORMATION TECHNOLOGY
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WHY WE CHOSE THIS TOPIC FOR THE PROJECT
1. Personal Growth
Improving financial literacy and empowering individuals to take control of
their financial well-being.
2. Financial Freedom
Helping users achieve their financial goals and attain a greater sense of
financial security.
3. Community Impact
Promoting financial education and responsible money management
practices within the community.
4. Positive Social Impact
DEPARTMENT OF INFORMATION TECHNOLOGY
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LITERATURE SURVEY
1. Smart Personal Expense Tracker
Technology
Attribute Details
Smart Personal Expense Tracker
Research Paper Title
Technology
Authors Dr. Nidhi Sharma, Dr. Alok Sharma
Technology/Database Web-based Platform
Advantages User-friendly, real-time updates
Disadvantages Security concerns
DEPARTMENT OF INFORMATION TECHNOLOGY
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LITERATURE SURVEY
2. Expensify: An expense tracker and report
creator
for mobile apps
Attribute Details
Expensify: An expense tracker and
Research Paper Title
report creator for mobile apps
Authors L. Zhang, Y. Wang
Technology/Database Mobile App (Expensify)
Advantages Easy to use, mobile access
Disadvantages Limited free features
DEPARTMENT OF INFORMATION TECHNOLOGY
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LITERATURE SURVEY
3. Personal Finance Management: The Design and
Assessment of a Mobile Expense Tracker
Attribute Details
Personal Finance Management: The
Research Paper Title Design and Assessment of a Mobile
Expense Tracker
Authors J. M. Clark et al.
Technology/Database Mobile App (Cashew)
Advantages On-the-go tracking
Disadvantages Mobile-only
DEPARTMENT OF INFORMATION TECHNOLOGY
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LITERATURE SURVEY
4. Designing an System for Personal Financial Management
Attribute Details
Designing an Expert System for Personal
Research Paper Title
Financial Management
Authors Various Authors
Technology/Database Rule-based Expert System
Advantages AI-driven insights
Disadvantages Complex implementation
DEPARTMENT OF INFORMATION TECHNOLOGY
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LITERATURE SURVEY
5. Expense Tracker Application using Naive Bayes
Attribute Details
Expense Tracker Application using Naive
Research Paper Title
Bayes
Authors Various Authors
Technology/Database Naive Bayes Algorithm
Advantages Effective categorization
Disadvantages Limited portability
DEPARTMENT OF INFORMATION TECHNOLOGY
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OBJECTIVES
Budgeting And Expense Income And Expenses
Insights And Analysis
Tracking Management
• Provide users with • Enable users to easily • Offer users detailed
tools to create and monitor their income, reports, visualizations,
manage personalized set expenses goals and and analytical tools to
budgets , track track progress towards help them identify
expenses and get those goals. spending patterns,
insights into their areas for cost-saving,
spending habits. and opportunities for
improved
financial management.
DEPARTMENT OF INFORMATION TECHNOLOGY
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PROBLEM STATEMENT
Inefficient Difficulty Tracking
Lack of Visibility
Budgeting Expenses
• Many individuals struggle • Creating and adhering to • Manually tracking
to maintain a clear realistic budget can be a expenses can be a time-
understanding of their challenging task, often consuming and error-
income, expenses, and resulting in overspending prone process, hindering
overall financial standing, and financial imbalance. the ability to identify
leading to difficult in spending patterns and
making informed opportunities for savings.
decisions and achieving
financial goals.
DEPARTMENT OF INFORMATION TECHNOLOGY
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PROPOSED SOLUTION
BLOCK DIAGRAM / SYSTEM ARCHITECTURE
Data • Users will be able to create individual goals and track
Collection recurring payments. They will be pushed alerts and
notifications to remind them on their budgets, goals etc.
• Actual expenses will be shown, you can create
Expense categories and even add tags for better
Tracking organizing the money spent. Users will get
detailed reports and visualizations to know how
they have been spending.
• Users will be able to create individual goals
Budget and and track recurring payments. They will be
Goals pushed alerts and notifications to remind
them on their budgets, goals etc.
DEPARTMENT OF INFORMATION TECHNOLOGY
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PROPOSED SOLUTION
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DEPARTMENT OF INFORMATION TECHNOLOGY
CONCLUSION
• The personal expense management system offers a comprehensive
solution to help individuals take control of their personal finances.
• By providing a centralized platform for expense tracking, budgeting,
and financial analysis, the system empowers users to make more
informed decisions, achieve their financial goals, and ultimately,
attain greater financial stability and freedom.
• Through its user-friendly interface and powerful features, the system
aims to revolutionize the way individuals manage their personal
finances, leading to improved financial well-being and long-term
financial success.
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REFERENCES
• Expense Tracking Apps
Utilize digital tools like Mint, YNAB, or Personal Capital to automate expense
tracking and budgeting.
Mint- https://play.google.com/store/apps/details?id=com.htmedia.mint
AutoMate Tracker- https://play.google.com/store/apps/details?id=com.finart
• Educational Resources
Explore personal finance books, blogs, and podcasts to continuously learn
and improve your money management skills.
Research Papers- https://ieeexplore.ieee.org/abstract/document/10353348
DEPARTMENT OF INFORMATION TECHNOLOGY
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T HANK YOU
