1. Project Objectives
- Expense Tracking: Allow users to track and categorize their expenses.
- Income Management: Enable users to record and manage their income sources.
- Budget Planning: Provide tools for users to set and monitor budget goals.
- Financial Reporting: Generate reports and visualizations on income, expenses, and budget adherence.
- Alerts and Notifications: Notify users about budget limits, upcoming bills, and financial milestones.
- User Management: Manage user accounts and access levels.
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2. Functional Requirements
- Expense Tracking:
- Expense Entry: Allow users to enter details of each expense, including amount, category, date, and notes.
- Expense Categorization: Enable users to categorize expenses into predefined or custom categories.
- Recurring Expenses: Support for managing recurring expenses (e.g., monthly subscriptions).
- Income Management:
- Income Entry: Allow users to record details of their income sources, including amount, category, date, and notes.
- Income Categorization: Enable users to categorize income into predefined or custom categories.
- Recurring Income: Support for managing recurring income (e.g., salary, rental income).
Advertisement - Budget Planning:
- Budget Creation: Allow users to create budgets for various categories (e.g., groceries, entertainment) with spending limits.
- Budget Tracking: Monitor actual spending against budgeted amounts and provide insights on adherence.
- Adjustments: Enable users to adjust budgets and spending limits as needed.
- Financial Reporting:
- Reports: Generate detailed reports on income, expenses, and budget adherence.
- Visualizations: Provide charts and graphs to visualize financial data and trends (e.g., pie charts for expense categories, line graphs for spending over time).
- Export Options: Allow users to export reports in formats like PDF, CSV, or Excel.
- Alerts and Notifications:
- Budget Alerts: Notify users when they approach or exceed their budget limits.
- Bill Reminders: Send reminders for upcoming bills or recurring payments.
- Milestone Notifications: Notify users when they reach financial milestones or goals.
- User Management:
- Account Creation: Allow users to create and manage their accounts.
- Profile Management: Enable users to manage personal information and account settings.
- Multi-User Support: Allow multiple users to manage shared budgets or expenses (e.g., household budgets).
3. Non-Functional Requirements
- Usability: Intuitive and user-friendly interface for entering and managing financial data.
- Performance: Efficient handling of data entry, report generation, and notifications.
- Scalability: Ability to handle an increasing number of users and data entries.
- Security: Secure handling of user data, including financial information and personal details.
- Reliability: High system uptime and robustness to ensure continuous access and functionality.
4. Technology Stack
- Front-End: Technologies for user interface development (e.g., HTML, CSS, JavaScript, frameworks like React or Angular).
- Back-End: Server-side technologies (e.g., Node.js, Django, Flask).
- Database: Database management system (e.g., MySQL, PostgreSQL, MongoDB) for storing user data, expenses, income, and budgets.
- Notification Services: Integration with email or push notification services (e.g., SendGrid, Firebase Cloud Messaging).
- Deployment: Hosting and deployment platforms (e.g., AWS, Heroku, Azure).
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5. System Design
- Architecture: Overview of system architecture (e.g., client-server model, microservices).
- Data Model: Design of the database schema, including tables for users, expenses, income, budgets, and notifications.
- User Interface Design: Wireframes or mockups for different user interfaces (e.g., web app, mobile app).
6. Implementation Plan
- Development Phases: Breakdown of phases (e.g., requirement analysis, design, development, testing, deployment).
- Timeline: Project milestones and deadlines.
7. Testing and Validation
- Test Cases: Define test cases for functionalities such as expense tracking, budget creation, and report generation.
- Bug Tracking: System for tracking and managing bugs and issues.
- User Testing: Collect feedback from end-users to refine the system and improve user experience.
8. Documentation
- User Manual: Instructions for end-users on how to use the system for managing their budgets and expenses.
- Technical Documentation: Detailed documentation on system architecture, design decisions, and codebase.
9. Future Enhancements
- Feature Expansion: Potential future features (e.g., integration with bank accounts, advanced financial forecasting, or AI-driven expense analysis).
- Additional Modules: Possible additional modules like investment tracking, tax calculation, or financial goal setting.
10. Limitations
- Scope Limitations: Define what the project will not cover (e.g., integration with specific third-party financial services, advanced AI features).
11. Budget and Resources
- Budget: Estimated costs for development tools, hosting, and other resources.
- Resources: Required hardware and software resources for development and deployment.