Gokhale Education Society's
R.H. Sapat College Of Engineering, Management Studies & Research
Prin. T. A. Kulkarni Vidyanagar, Nashik - 422 005, (M.C.A)
“ E X P E N S E T R A C KE R ”
GR O U P N O . 2 2
ST U D E N T N A M E S E AT N O . G U I D E N A M E
• P R AT HA M E S H R AT H OD 5 5 1 2 M R S .
G. G. R A U T
R I T E SH PAT I L 5 5 0 9
A KS H AY S HI N D E 5 5 1 5
Department of MCA Engineering
2.
Introduction
In today's fast-pacedworld, managing personal finances can be challenging,
especially without a streamlined digital solution. This project aims to develop
a user-friendly expense tracking application to simplify the process of
recording and managing expenses. By leveraging modern technology, users
will be able to track their spending in real-time, categorize transactions, and
generate insightful reports. The application will empower users to make
informed decisions about their finances and optimize their budgeting
strategies.
3.
LITERATURE SURVEY
• Severalexisting studies have explored the development of expense management applications
using various technologies. Rajaprabha (2017)[1] introduced a Family Expense Manager
Application for Android, focusing on user-friendly design and functionality. Similarly, Y.
Anitha, R. Ranjini, S. Gomathi, (2016) [4] and S. Chandini, T. Poojitha, D. Ranjith, V. J.
Mohammed Akram, M. S. Vani, V. Rajyalakshmi, (2019) [5] developed similar applications
focusing on ease of use and expense tracking functionalities. These applications demonstrate
the growing demand for mobile solutions in managing finances. Satpute, M. K., Kale, A.,
Mandal, A., & Krishnan (April 2020) [6] and Bekarao Girish., & Sunhaloo Sameer (2017).
conducted a survey on classification engines for monetary transactions, highlighting the
importance of accurate transaction categorization for effective expense management. These
studies provide valuable insights into the design considerations and features required for
effective expense tracking applications.
4.
Advantages
• User-friendly interface.
•The application would likely be available as a mobile app, allowing users to track their
expenses and access financial data.
• Users will be able to track their spending in real-time.
• The application can generate detailed reports and analytics based on users' spending patterns,
providing valuable insights into their financial behavior.
• The application provides graphs and helps users stay on track with their financial goals.
5.
Advantages
• User Authentication
•The application could allow users to set budgets for different categories. Like food ,
education fees, bills etc.
• The application Provides a built-in calculator for users to perform quick calculations without
leaving the app.
• This application stores users transactions records into a Firebase Realtime Database.
6.
Disadvantages
• Like anydigital platform, the expense tracking application may encounter technical glitches
• Some users, particularly those who are less tech-savvy, may find it challenging to learn how
to use the application effectively.
7.
Future Scope
• Weare planning to include a service so as to make the direct cash payment within the
application itself.
• Representing the interface multilingual
• We are trying to make this app synchronize with mail and bank account so upcoming bill
alert should mail and transaction should stop if there is less balance in account.
• Provide support for multiple currencies, beneficial for users who travel or manage
international finances.
• Implement voice commands and chatbots for ease of use and better user interaction.
CONCLUSION
• The ExpenseTracker application developed in this project will serve as a valuable tool for
individuals seeking to improve their financial management skills. By leveraging the
capabilities of Flutter, Dart, and Firebase technologies, the application will offer users a
comprehensive solution for tracking expenses, analyzing spending habits, and making
informed financial decisions.