Budget Tracker Highly Customizable Budgeting Mobile Application

Abstract

The dissertation focuses on the significance of managing incomes and expenses in our vastly growing day by day life. Long gone are the days when you needed to take a seat with a notepad and a sky-high stack of bills and receipts to figure out your salary, costs, and general budgetary plan. Nowadays there are a wide range of spreadsheets and projects that are intended to make your financial planning that are meant to make a lot easier and more proficient. This study aims to address the complexity of tracking income and expenses by introducing budget tracking application developed as native mobile application using powerful cross platform library React Native for high performance. Based on a literature review on money management applications and questionnaire was conducted to potential foreign and local individuals across the Colombo. Analysis of responses demonstrated the difficulty of budget tracking. The result indicated the need of mobile solution to ease the task. Budget tracking native mobile application with interactive user interface and with handy features would be one of the ideal solutions for the current problem. User centered applications require user feedback by delivering prototype version to the real users. Therefore, Agile Scrum software development methodology is practiced by considering it would be good fit for the application requirements. Native mobile applications are known for its performance, reliability and user friendliness. The author has chosen React Native library in order to develop the proposed system. React Native is cross-platform library that enables developers to implement native mobile applications with advanced user interface while promising native performance and reliability. The mobile application is developed for two main mobile operating systems Android and iOS and the application will be totally free. The author believes solution will make positive impact on people’s day to day life by making use of the budget tracking application’s promising features. Further research may be needed in order to identify other factors that could strengthen the effectiveness of this study.