Scout the Impact of Digital Transactions on Personal Finance Management: A Comprehensive Study and Innovative Solution (KEY IJP************964)

• Suvidha Bandari,Dr. M. V. Vijaya Saradhi,Penumudi Monica Sreenidhi,Mogulla Sahithi,Korivi Anitha

Abstract

Personal finance management is crucial for individualsfinancial stability and well-being, particularly in today's digital age. This paper explores the significance of personal finance management across various domains and examines the evolving practices to meet modern financial challenges. Our project aims to revolutionize personal finance management by integrating machine learning and data analytics within the Flutter framework. This innovative solution provides insights into spending patterns and empowers users to make informed financial decisions. Additionally, the paper discusses future enhancements, including integration with AI assistants, blockchain technology, and gamification elements, to enhance user engagement and financial management. The project showcases the potential of technology to transform personal finance management, improve financial awareness, and facilitate better decision-making in an increasingly digital world.