Dr. D. Y.

Patil Unitech Society’s

Dr. D. Y. Patil Arts, Commerce and Science College

Akurdi-44

(Academic Year – 2023-24)

PROJECT SYNOPSIS
OF
BudgetBuddy (Expense Tracker)

Name of First Student : Suhas Shankar Gondukupi

Roll No : 65

Name of Second Student : Aniket Sahadev Doiphode

Roll No : 09
Introduction
BudgetBuddy app is a powerful tool designed to help individuals and businesses easily
manage their expenses. It provides a user-friendly interface and robust functionality to
track, categorize, and analyze income or expenses efficiently.

Objectives
1. Income/Expense Tracking : Record and categorize income or expenses with ease.
2. Daily or Monthly Reports : View daily or monthly reports for income or expenses.
3. Multiple Categories : Organize expenses into customizable categories for better
management.
4. Data Visualization : Generate insightful reports and visualizations to analyze.

Technologies Used
Coding Platform : Android Studio Frontend : XML

Backend : JAVA, MongoDB Database : Realm

Future Enhancement
1. Predictive Analysis : Implement machine learning algorithms to analyze spending patterns
and predict future expenses, helping users plan their budgets more effectively.
2. Customizable Reports : Allow users to generate customizable reports with detailed
breakdowns of their expenses, including visualizations like charts and graphs for better
understanding.
3. Expense Sharing : Introduce features for sharing expenses among groups or within
households, facilitating easier management of shared finances and splitting bills.

Conclusion
BudgetBuddy is a simple solution to the problem of tracking our day to day expenses and
budget. The old methods in usage such as Excel sheets or manual logs are tedious to
maintain and can lead to erroneous calculations. This easy to use app can eradicate these
problems and also adds features like graphical representation of data. With the use of this
app budget keeping will be faster, simpler and more precise.