Personal Finance Application- GROW MORE

Abstract

Abstract: The main purpose to create a personal finance app is to manage private money, track spendings, and plan out a budget. These apps are also known as Money Saving apps because it enables the app users to borrow, lend, and even invest money. Personal budget management is a finance plan that allocates future personal income towards expenses, savings, and debt repayment. Past spending and personal debts are considered when creating a personal budget. Budgeting is the most basic and effective tool for managing our monthly income. But most people avoid doing it because they think keeping a record of budget or expense is a hectic task Recording monthly expenses on paper are very difficult as modification, removal, and searching are not easy on paper. Similarly using any which run on our computers like MS excel or any other tool is also clumsy. Because we will have to note all expenses on paper then later record them all on the tool installed on a computer. Better solutions use mobile applications to keep a record of every expense easily at any location. In this project, our task is to develop an Android-based application that will be used to manage personal budget Index Terms: Personal Finance Application, Budgeting, Graph, Proposed work, Managing Finance.