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A Personal Finance Management Web Application

  • Unique Paper ID: 177688
  • Volume: 11
  • Issue: 12
  • PageNo: 1215-1221
  • Abstract:
  • Managing personal finances poses a challenge for people because they struggle with unorganized expense management, low or nonexistent financial literacy, and poor financial planning and controlling. Many existing financial information systems are either too complicated for users to operate or do not provide adequate and personalized user financial data. Users are further limited in their ability to make reasonable decisions concerning saving, spending, and investing money because of the absence of AI-assisted guidance. This study introduces Personal Finance Management Web Application which provides AI-powered finance assistance, categorizes expenses, and tracks budget. The system creates opportunities for improvement in financial literacy and appropriate decision-making. The located system enables users to log their expenses and income, set/track personal financial objectives, and get tips through an AI powered chatbot. The chatbot analyzes the user's spending behavior and provides timely tips on how to better their spending patterns. The web application is done on MERN Stack (MongoDB, Express.js, React.js and Node.js) which ensures scalability as well as easy maintainability . For Ai chatbot we use Google Gemini API key. Users are able to boost their financial conditions better through data visualization techniques like interactive graphs and pie charts. User confidentiality is maintained with security protocols such as JWT authentication and data encryption. Automatically managing finances in particular, tracking expenditures, ensuring users do not overspend, and aiding in saving is expected to enhance financial literacy. Preliminary user testing has shown that personalized AI insights makes the users more active when it comes to managing their finances. This research shows how automation with AI features can profoundly change the way people manage personal finances, making it easier for them to plan and actively engage in the goal-based approach to financial planning. Future improvements can include giving investment suggestions, watching over someone’s credit score, and integration to several other platforms to enhance financial wellness.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 12
  • PageNo: 1215-1221

A Personal Finance Management Web Application

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