Ai-powered Personal Finance Assistant For Intelligent Expense Tracking And Budget Optimization

Abstract

The AI-Powered Personal Finance Assistant Is A Novel Mobile Application Crafted To Enhance Personal Financial Management Through Cutting-edge Artificial Intelligence And Automation Technologies. By Incorporating Optical Character Recognition (OCR) For Receipt Analysis, SMS-based Income Detection, And A Natural Language Processing (NLP) Chatbot Powered By NLTK And Naive Bayes, The App Simplifies Expense Monitoring, Budget Creation, And Financial Planning. Developed With React Native And Firebase For Secure, Real-time Data Handling, It Delivers Interactive Visualizations, Customized Budgeting Advice, And Strong User Authentication. The System Reduces Manual Tasks, Improves Precision, And Encourages Financial Responsibility, Serving A Wide Range Of Users, Including Students, Professionals, And Households. Thorough Testing On Emulators And Physical Devices Confirmed Its Dependability, With A Flexible Architecture Designed For Future Upgrades Such As Bank Connectivity And Advanced AI-driven Insights. This Platform Provides Users With A User-friendly, Secure, And Intelligent Tool For Effective Financial Management.

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