Joined account finance management system

Wan, Xin (2024) Joined account finance management system. Final Year Project, UTAR.

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Abstract

This project is a development-based project for academic purpose. It will provide users with the methodology, concept, and design of a joined account financial management system. The main purpose of the personal finance management system is to generate a suitable financial budget for users that are starting budgeting plans as a family. The proposed project for this proposal will be a Joined Finance Management mobile application which is Android-based. Android based application is chosen but not web-based is that smartphones are portable, so it is more suitable for the project, unlike laptops and desktop which is hard to bring by one’s side. Nowadays, smartphones are a necessity for the majority of the people in the globe, and the numbers are still going up. Thanks to technology, people can monitor and control their spending more easily. Finance Technology, also known as FinTech, is dominating users at a rapid pace. By providing financial analysis and planning goals, these applications can simplify people’s lives with just a few clicks. By carrying all these actions on user’s smartphones, it will be more effective and let users have the motivation to continue recording their daily expenses. Emphasis is also made on the weight distribution of the budget for users with different salary range. The system will auto generate a starting budget for new users based on the application database, and users can make arrangements to their monthly budget and the system will auto modify other budget categories. This application can also let 2 users merge their budget and expenses, to make a family budget, and let both users know another user spending pattern better. Lastly, Firebase Cloud Firestore and Android Studio will be used as the development tool and Java will be the main language of the project.

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