2023 4th GLOBAL CONFERENCE FOR ADVANCEMENT IN TECHNOLOGY
(GCAT 2023). 

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2023 4th  GLOBAL CONFERENCE FOR ADVANCEMENT IN TECHNOLOGY
(GCAT 2023)

Expense Management System 
 Paper ID: 958 
 Prof. Era Johri      Paarth Soni      Parth Desai      Hardik Jain      Nirmit Sanganeria     Asst Professor           Student             Student             Student                  Student

Introduction. Our paper focus on a novel idea of expense tracking by analyzing users' spending patterns Our application scans users' text messages and presents them in text and visual patterns and helps users to analyze their spending patterns and make wise spending choices This paper reviews deficit spending tracking and its impact on personal finance management This application offers a user-friendly interface, automated tracking of expenses and the ability to control expenses and it also provides expense visualization and generates personalized budget recommendations based on user preferences Concluding this innovative tool will help enhancing personal financial management and help saving money. 

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Our paper focus on a novel idea of expense tracking by analyzing users' spending patterns Our application scans users' text messages and presents them in text and visual patterns and helps users to analyze their spending patterns and make wise spending choices  This paper reviews deficit spending tracking and its impact on personal finance management  This application offers a user-friendly interface, automated tracking of expenses and the ability to control expenses and it also provides expense visualization and generates personalized budget recommendations based on user preferences Concluding this  innovative tool will help enhancing personal financial management and help saving money

Related Work. This paper discuss how to extract call and SMS data from messaging apps, discussing their impact and challenges, to better understand the implications of retrieving this information [1] Several research papers have explored an expense tracking application known as Just Expenses, offering extensive insights into its features, functionality, and user interface. This information can serve as valuable background context for examining expense tracking tools and applications in the specific research field [2] Revolutionary approaches and cutting-edge technologies are reshaping conventional financial planning, melding contemporary methods and tools to elevate budgeting, investment choices and overall financial prosperity [6]. 

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This paper discuss how to extract call and SMS data from messaging apps, discussing their impact and challenges, to better understand the implications of retrieving this information [1] Several research papers have explored an expense tracking application known as Just Expenses, offering extensive insights into its features, functionality, and user interface. This information can serve as valuable background context for examining expense tracking tools and applications in the specific research field [2] Revolutionary approaches and cutting-edge technologies are reshaping conventional financial planning, melding contemporary methods and tools to elevate budgeting, investment choices and overall financial prosperity [6]

Related Work. Some research paper delves into the creation of a user-friendly mobile expense management app, exploring design principles, methodologies, and strategies to enhance user experience. It offers valuable insights into contemporary trends and optimal practices for crafting efficient financial management applications [3] A few researches delves into how people in China adapt to financial difficulties brought about by inflation, examining its effects on personal finances, adaptive measures, and broader socioeconomic consequences. It sheds light on individuals' strategies for navigating economic fluctuations [5] In this paper, author discusses how technology can be utilized to improve personal finance management in the Indonesian context, with a focus on the design and features of a mobile app for tracking expenses, budgeting, and financial planning [13]. 

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Some research paper delves into the creation of a user-friendly mobile expense management app, exploring design principles, methodologies, and strategies to enhance user experience. It offers valuable insights into contemporary trends and optimal practices for crafting efficient financial management applications [3] A few researches delves into how people in China adapt to financial difficulties brought about by inflation, examining its effects on personal finances, adaptive measures, and broader socioeconomic consequences. It sheds light on individuals' strategies for navigating economic fluctuations [5] In this paper, author discusses how technology can be utilized to improve personal finance management in the Indonesian context, with a focus on the design and features of a mobile app for tracking expenses, budgeting, and financial planning [13]

Related Work. Creation of a novel mobile app in development aims to revolutionize financial planning by employing forward chaining for proactive notifications. This innovative approach promises to elevate personal financial management, particularly in the Malaysian context [9] Extensive research has been dedicated to creating an expense management system that prioritizes data analysis and insights, aiming to elevate financial decision-making through comprehensive expense tracking, analysis, and reporting capabilities [10]. 

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Creation of a novel mobile app in development aims to revolutionize financial planning by employing forward chaining for proactive notifications. This innovative approach promises to elevate personal financial management, particularly in the Malaysian context [9] Extensive research has been dedicated to creating an expense management system that prioritizes data analysis and insights, aiming to elevate financial decision-making through comprehensive expense tracking, analysis, and reporting capabilities [10]

Proposed System and Methodology. User Authentication by PAN As PAN cards are increasingly important to future banking connections, we start with a signup process that verifies user details against their PAN card information in order to assure the security and validity of our users' financial data. Extraction of Text Messages The app uses user consent to extract expense details from SMS messages, prioritizing bank messages when received, and eliminating duplicates through accurate verification, ensuring reliable financial management and expense tracking. Categorization of Text Messages In order to appropriately identify transactions, user or using machine learning tools we can identify the messages based on the type of transactions Pie Chart Visualization and Recommendations To help us better understand our financial status, the app provides personalised advice when your expenditure falls under a predetermined level. Additionally, based on the user's prior behaviour and financial objectives, we deploy machine learning models to analyse historical transaction data and offer personalised recommendations.. 

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User Authentication by PAN  As PAN cards are increasingly important to future banking connections, we start with a signup process that verifies user details against their PAN card information in order to assure the security and validity of our users' financial data. Extraction of Text Messages The app uses user consent to extract expense details from SMS messages, prioritizing bank messages when received, and eliminating duplicates through accurate verification, ensuring reliable financial management and expense tracking. Categorization of Text Messages In order to appropriately identify transactions, user or using machine learning tools we can identify the messages based on the type of transactions Pie Chart Visualization and Recommendations To help us better understand our financial status, the app provides personalised advice when your expenditure falls under a predetermined level. Additionally, based on the user's prior behaviour and financial objectives, we deploy machine learning models to analyse historical transaction data and offer personalised recommendations.

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EXPERIMENTAL RESULTS. NAGARJUNA COLLEGE OV TECHNC*OCY. 

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EXPERIMENTAL RESULTS. — BANGALORE SECTION. NAGARJUNA COLLEGE OV TECHNC*OCY. 

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FinP1an360
new delhi
Amount: 4999.0
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Duration Ntghts
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Amount: 64000
3 Nights
Amount: 78000
2 Nights
Amount: 8990.0
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Amount: 9990.0

FinPlan360
Savings
51.2%
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Your Monthly Salary
10000
Your Monthly Expenses
4878
Entertainment
Savings
Pie Chan
Z592
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Conclusion and Future work. Further, this research paper has successfully discussed creation of a mobile application that is designed to facilitate a user-friendly, easily usable interface that will enable consumers to smoothly manage their financial affairs. Our main aim to help users analyze their expenses and limit them to have a set target of savings and also enjoying their lives within their budget was fulfilled. In future this system can be integrated with the tax regimes of different countries to accommodate auto tax calculations to ease users to pay their advance taxes on time giving them an overview of the penalties incurred for delayed tax filing.. 

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Further, this research paper has successfully discussed creation of a mobile application that is designed to facilitate a user-friendly, easily usable interface that will enable consumers to smoothly manage their financial affairs.  Our main aim to help users analyze their expenses and limit them to have a set target of savings and also enjoying their lives within their budget was fulfilled. In future this system can be integrated with the tax regimes of different countries to accommodate auto tax calculations to ease users to pay their advance taxes on time giving them an overview of the penalties incurred for delayed tax filing.

Conclusion and Future work. Improved recommendations will help users to explore more domains for excitements in life. Integration of this app with spouses and parents will help to financially plan the savings and expenditures for a family and suggesting recommendations accordingly.. 

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Improved recommendations will help users to explore more domains for excitements in life.  Integration of this app with spouses and parents will help to financially plan the savings and expenditures for a family and suggesting recommendations accordingly.

References. Sankari, A. & Mayan, J.. (2016). Retrieving call logs and sms by messaging services. International Journal of Pharmacy and Technology. 8. 22951-22958. Andtek.T. (2012). Just Expenses: Expense Tracker. Retrieved October 20, 2012. Chen, L., Wang, Q. (2022). User-Centric Design of an Expense Management Mobile Application. Toronto, Canada. Garcia, M. B., Claour, J. P. (2021). Mobile Bookkeeper: Personal Financial Management Application with Receipt Scanner Using Optical Character Recognition. Spain. Jia, X. (2016). The Research on Personal Financial Problems in the Period of Inflation. China. Albrecht, S., Bonti, A., Dhaliwal, J., Giaimo, F. M., von Kanel, J., Pandey, S., Phan, A., Wang, Y. (2014). Smarter Financial Life: Rethinking Personal Financial Planning. Sabab, S. A., Islam, S. S., Rana, M. J., Hossain, M. (2018). eExpense: A Smart Approach to Track Everyday Expense. Bangladesh.. 

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Sankari, A. & Mayan, J.. (2016). Retrieving call logs and sms by messaging services. International Journal of Pharmacy and Technology. 8. 22951-22958.  Andtek.T. (2012). Just Expenses: Expense Tracker. Retrieved October 20, 2012. Chen, L., Wang, Q. (2022). User-Centric Design of an Expense Management Mobile Application. Toronto, Canada. Garcia, M. B., Claour, J. P. (2021). Mobile Bookkeeper: Personal Financial Management Application with Receipt Scanner Using Optical Character Recognition. Spain. Jia, X. (2016). The Research on Personal Financial Problems in the Period of Inflation. China. Albrecht, S., Bonti, A., Dhaliwal, J., Giaimo, F. M., von Kanel, J., Pandey, S., Phan, A., Wang, Y. (2014). Smarter Financial Life: Rethinking Personal Financial Planning. Sabab, S. A., Islam, S. S., Rana, M. J., Hossain, M. (2018). eExpense: A Smart Approach to Track Everyday Expense. Bangladesh.

References. Yurochkin, D. E., Horoshiy, A. A., Karpukhin, S. A. (2021). Development of an Application for Expense Accounting. Russia. Yusof, S. M., Syed Lokman, S. F. S. (2016, April 7-8). Personal Financial Planner: A Mobile Application Implementing Forward Chaining Technique for Notification Mechanism. Penang, Malaysia. Bozku, Z., Bisson, C., Arsan, T. (2017). Analytical Expense Management System. Istanbul. ChiangLin, C.-Y., Lin, C.-C. (2018). Personal Financial Planning Based on Fuzzy Multiple Objective Programming. Taiwan. Yadav, S., Malhotra, R., Tripathi, J. (2016). Smart Expense Management Model for Smart Homes. In International Conference on Computational Techniques in Information and Communication Technologies (ICCTICT). New Delhi.. 

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Yurochkin, D. E., Horoshiy, A. A., Karpukhin, S. A. (2021). Development of an Application for Expense Accounting. Russia. Yusof, S. M., Syed Lokman, S. F. S. (2016, April 7-8). Personal Financial Planner: A Mobile Application Implementing Forward Chaining Technique for Notification Mechanism. Penang, Malaysia. Bozku, Z., Bisson, C., Arsan, T. (2017). Analytical Expense Management System. Istanbul. ChiangLin, C.-Y., Lin, C.-C. (2018). Personal Financial Planning Based on Fuzzy Multiple Objective Programming. Taiwan. Yadav, S., Malhotra, R., Tripathi, J. (2016). Smart Expense Management Model for Smart Homes. In International Conference on Computational Techniques in Information and Communication Technologies (ICCTICT). New Delhi.

Thank you!. Doubts and Queries?. abstract. BANGALORE SECTION. 

2023 4th GLOBAL CONFERENCE FOR ADVANCEMENT IN TECHNOLOGY (GCAT 2023)