Budget Management System – Complete Final Year Project
Abstract
The Budget Management System is designed to automate and integrate financial budgeting processes. In today’s fast-paced lifestyle, people often overspend or mismanage their finances due to lack of proper planning. This system helps users track their expenses, manage their income, and predict monthly budgets. The application also features a bill split module and loan management module, allowing users to control their spending more efficiently.
1.1 Introduction
A budget is a financial plan used to manage expenses, income, and savings. This system improves traditional budgeting applications by integrating bill splitting, loan management, and user-friendly interfaces. Users can track their income, expenses, savings, debt, and financial goals. The Budget Web App helps users analyze spending patterns and suggests smarter ways to manage disposable income.
1.2 Purpose
The purpose of this project is to enhance users’ budgeting experience by providing an all-in-one financial management platform. The system helps users and groups manage expenses, loans, and bill sharing more efficiently. It assists businesses and individuals in making better financial decisions, managing cash flows, and achieving financial goals effectively.
1.3 Objective
The main objective is to offer users an easy-to-use system where they can split bills, manage loans, track expenses, and analyze financial reports. The application improves money management skills by helping users estimate spending, predict income usage, and plan financial activities more smartly. The system consolidates all financial features under one umbrella for better user convenience and reduced memory consumption.
1.4 Existing Solutions
Several applications exist in the market such as Budget, Hysab Kytab, Money Manager, Spending Tracker, and Expense Manager. While these apps provide partial features such as expense tracking or wealth management, they lack an integrated solution that combines bill splitting, loan management, expense tracking, and reporting in one place.
1.5 Proposed Solution
The proposed app provides a complete financial management system with bill splitting and loan management especially useful for students, hostel residents, and group travelers. It automatically calculates who owes what, manages loan repayments, generates monthly/weekly reports, identifies spending habits, and improves overall financial decision-making.
2.1.1 Purpose of SRS
This Software Requirement Specification document defines all system requirements, user expectations, interface specifications, and project goals. It helps designers and developers understand system functionality and ensures smooth progress throughout the Software Development Lifecycle (SDLC).
2.1.2 Scope
The scope includes features like budget management, bill splitting, loan management, and automated reporting. The SRS guides the development team in building a scalable, efficient, and user-focused budgeting solution.
6.1 Technologies Used
- HTML5 – Structure & layout
- CSS3 – UI Styling
- Bootstrap 5 – Responsive & mobile-first interface
- JavaScript – Client-side interaction
- Node.js – Backend runtime
- MongoDB – NoSQL database
- EJS – Templating engine
7.1 Summary
This application simplifies budgeting by providing income tracking, expense tracking, bill splitting, and loan management in a single platform. It generates visual reports, identifies best and worst spending days, and helps users gain full control over their financial lifestyle.
7.2 Conclusion
The Budget Management System allows users to manage all financial activities from one application. It helps users track daily/monthly spending, manage loans, and maintain financial discipline. With an enhanced UI and integrated features, the system offers a complete solution for modern financial management needs.
