Family Budget Management Information System Project

Abstract

The article considers the project of the family budget management information system, which is an innovative tool for an effective planning and controlling family finances. This system allows users to track income and expenses, form a budget for the future and analyze the financial activity during a certain period. The main capabilities of the system are accounting of income and expenses, categorization of financial transactions, budget planning and creation of reports and analysis of expenses as well. The project presents comparative characteristics of an already existing developments and practices regarding family budget management. The database was designed, the workflows and requirements for the system were modeled and the prototype of the application was developed. Various functional aspects were considered, such as tracking expenses, budget planning, setting financial goals and monitoring their achievement. Additional functions in the form of bonus points were designed to encourage users to actively use the system. The results of the work are presented and confirmed by systematized in the form of UML diagrams data. Due to a clear and simple interface and advanced capabilities, the information system will become an irreplaceable assistant for every family in matters of budget management. Implementation of this system will help families to control their finances, plan a budget and make sound financial decisions better.