Money Management App for Expense Planning Based
on Flutter
1) Background/ Problem Statement
Technological advancements, particularly in mobile technology, have
been increasing in the modern era. As a result, as the number of mobile
users grows, so will the number of mobile applications available to
users.
Since November 2016, mobile devices have generated 48.19% more
network traffic than desktops or laptops (47 per cent). A mobile
application must become familiar with two distinct platforms in order
to reach the majority of users: Android and iOS. These two platforms
have significant differences that necessitate the development of
different skill sets.
This project is written in Dart and is based on the flutter framework.
Dart is a programming language that Google developed and keeps up
with. A cross-platform framework for building high-performance mobile
apps is called Flutter.
This Money Management System helps the user to track financial
activity efficiently. It allows the user to set up the income and expenses
from various options.
2) Working of the Project
In Money Management System, it will enable the user to keep track of
spending, adhere to a budget, and make savings. The user can choose
to view the spending chart on a monthly or annual basis. using mobile
money applications as a platform for managing money to help users
develop a saving culture and to promote discipline.
The working of the application is the same for both the Android and iOS
platforms.
In the dashboard, the user can view their total balance, monthly and
annual expenses, and income. They can also view the expenses and
income total category-wise.
It’s easy to add expenses to keep records, add income and update or
delete any income or expenses. This system offers a graphical
representation in the form of charts to help users understand and get a
general sense of how money can be managed.
As this system helps manage money, when the expenses are beyond the
certain set limitation or budget for the month, the user will be notified
with a warning.
3) Advantages
helps with saving money, tracking spending, and sticking to a
budget
It provides charts to understand the expenses.
The system is cross-platform.
4) System Description
The system comprises 1 major module with a sub-module as
follows:
User:
Android App
Dashboard
- View Total Balance/Income/Expense Monthly/Annually
- Expense/Income total category wise
Add Expense
Add Income
Update/Delete
- Update or delete any income/expense
View Chart
Set budget
- When your expense increases the budget set for your
month, you will be given a warning.
iOS App
5) Project Life Cycle
The waterfall model is a classical model used in the system
development life cycle to create a system with a linear and sequential
approach. It is termed a waterfall because the model develops
systematically from one phase to another in a downward fashion. The
waterfall approach does not define the process to go back to the
previous phase to handle changes in requirements. The waterfall
approach is the earliest approach that was used for software
development.
6) System Requirements
I. Hardware Requirement
i. Laptop or PC
macOS Sierra and above (If Mac setup is required)
Windows 7 or higher
I3 processor system or higher
8 GB RAM or higher
100 GB ROM or higher
ii. Android Phone (6.0 and above)
iii. iPhone (iOS 9 and above) (If the iOS version needs to be
checked)
II. Software Requirement
iv. Laptop or PC
Android Studio with Flutter Plugin
XCode (Latest version) (If iOS version needs to be
checked on Mac)
Azure Data Studio
7) Limitation/Disadvantages
- If system data is cleared or uninstalled, all the data is lost.
- A new category cannot be added.
- Records greater than 1 year cannot be seen.
8) Application – This system aids in money management; when
expenses exceed a predetermined monthly budget or limit, the
user is alerted with a warning.
9) Reference
- https://www.researchgate.net/publication/
269846460_Design_and_Implementation_Money_Management_We
b_Based_Application_for_Personal_and_Family_Proposed_for_CV_X
- https://www.researchgate.net/publication/
338342868_Development_Smart_Mobile_Money_Management_App
lication_for_Students
