FAQ
INSPIRATION
With the current rise in inflation, everyone is anxious about how they will find their precarious financial footing in our increasingly expensive world. With a disparity in the rates of financial literacy across different racial and ethnic groups in the United States, we wanted to modernize the budgeting experience for college students and new graduates. We wanted to provide an integrated service that makes this app a one-stop-shop to understand the way complex financial systems work. The intent is also to be efficient with finances in such a way that they can be used to accomplish more goals. One of our biggest features is the algorithm that based on the user’s input and spending history, can predict what purchases are necessary or unnecessary, set budget goals, and aim to educate the user about financial literacy.
THE WEBSITE
This application allows a user to link their account using their banking information when they first make an account.
When they return to the app, they can just log in to retrieve their account information.
--> On the dashboard, the user can monitor and label their latest transactions and check their spending summary.
--> The dashboard also links them to all the other functionality of our app. It lets the user track what service subscriptions they are paying for, set goals, and show if the user has gone above or below the set limit, and based on that suggest what subscriptions or transactions they can avoid in future.
The app also aims to educate users about the importance of financial literacy. The users are provided with links to articles penned by finance experts who can equip the users with the knowledge and skills we need to manage money effectively. The users are also provided with a trivia section that is aimed to educate users about managing money effectively.
BUILT BY...
We used Figma to create the designs for the app. We used the prototyping tools and then used Bravo, which allows us to view and interact with our Figma. It is a cross-platform application that works on Android and iOS that connects to an Airtable API to get information. We built an accompanying website using Velo by Wix.
The challenges we ran into had to do with minor details with Velo by Wix, financial literacy questions of our own, and the way we wanted to optimize the learning experience for the user. Not having a good understanding of the functionality of Velo by Wix and how to get Bravo to pull our frames and display them properly was another challenge for us but we were able to overcome it by reading some detailed documentation. Once we over came these challenges, we were able to produce a detailed design of our app and a website which delves deeper into the makings of the app while cutting down on our development and without sacrificing on functionality.
ACCOMPLISHMENTS
We are proud of the fact that we were able to make an application that is tailored to everyone who needs this information. We wanted to make sure that every person would be able to use this application for their good and learn how to manage their money effectively. This app would also help members of our own team handle some of their impulse spends
We were able to learn and apply design principles in-depth to create an advanced UI application. We wanted to address many issues regarding driving and create a proper solution to help everyone with budgeting to avoid financial anxiety.
bugdeteasy news
future updates?
We have many plans for BudgetEasy in the coming future. Our foremost plan is to be able to send our users a short report compiled of their subscriptions within a weekly or monthly email to keep them updated.
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