Summary:

There are several categories of expenditures under which the money is spent. As part of expense analysis, it is important that a threshold is set on the total amount being spent in a particular category so that if it exceeds a specific limit, the user becomes aware in controlling the expense under that category.

Hence, keeping the objective of expense management into consideration, this idea is proposed that will enable users to plan their budget while on-the-go. Smart devices have enabled us to process and analyze data along with useful insights conveniently.

In this idea, we propose features such as, recording of the daily expenditures, managing alerts related to bill payments and informing users about their spending-limits.