Budget and Expense Tracker App - BSc IT Project Guide
1. Introduction
The Budget and Expense Tracker App is designed to help users monitor and manage their personal or household finances. The app allows users to set monthly budgets, categorize their expenses, track income, and generate reports for better financial planning.
2. Project Objectives
- To build a simple and intuitive financial management tool.
- To enable users to track income and expenses with category filters.
- To help users visualize their spending through charts and reports.
- To support setting and monitoring monthly or yearly budgets.
- To provide insights and notifications for budget limits and expense trends.
3. System Modules
Key modules include:
a. User Authentication (Sign Up / Login)
b. Income & Expense Entry and Categorization
c. Budget Setting and Management
d. Dashboard with Summary of Financial Data
e. Reporting (Monthly, Weekly, Yearly)
f. Charts and Visualizations (Pie, Bar Graphs)
g. Alerts and Notifications for Budget Overshoot
h. Export and Backup Options (CSV or PDF)
4. Technologies Used
- Frontend: React Native / Flutter / Angular
- Backend: Node.js / Django / Firebase
- Database: SQLite / Firebase Firestore / MySQL
- Tools: Git, VS Code, Postman
- Libraries: Chart.js / D3.js for visualization
5. Development Methodology
The project follows Agile methodology, with iterative development, weekly sprints, and testing at each stage. User feedback and usability testing are key for optimizing user experience.
6. System Design Overview
The system uses a three-tier architecture consisting of:
- Presentation Layer: User interface for data entry and dashboard
- Logic Layer: Business logic for expense categorization, budget tracking
- Data Layer: Storage of transactions and user profiles
7. Testing
Testing phases include:
- Unit Testing: Functions like add expense, set budget
- Integration Testing: Sync between charts and data modules
- UI Testing: Mobile responsiveness and user-friendliness
- Performance Testing: Handling multiple transaction records
8. Conclusion
The Budget and Expense Tracker App provides a comprehensive solution for personal finance management. By tracking daily expenses and budget limits, users can gain better control of their finances and plan for the future more effectively.