Expense Management System

In the present era of technology, multiple mobile applications communicate with each other when doing any kind of financial transactions. These transactions are logged and informed to users via sms that the users receive on their mobile devices that are synchronized with these applications. With the App Crawler tools, extraction of information on financial transactions is easier to extract and transform it for analysis purposes. This shift has underscored the demand for adept programs that can navigate these modern financial dynamics. In response to this changing landscape, the spotlight has turned to innovative expense tracking systems that harness the capabilities of technology. In this paper we propose an expense management system app that plays a pivotal role by enabling users to methodically monitor their financial inflows and outflows. By incorporating user-friendly interfaces featuring well-crafted diagrams and intuitive layouts, we can provide the user better understanding of his expenses and help him monitor it. In this system we are tracking earnings/expenses of a user and comparing it with the threshold values set by the user for the savings within the timeline set by the user. Based on his records of spending money within a timeline, we will recommend users various recommendations based on their interests. Our proposed methodology is innovative as the entire process of tracking income and expenditures to recommendation will be fully automated and with the help of AI tools, where we can adjust the recommendations weekly, monthly, half yearly or annually as desired by the user based on the knowledge base of expenses of the user.