INTRODUCING
Money.io
ABOUT PROJECT
Making money management easy for people like me and you so that we don’t end up getting broke and wonder where our money went.
WHAT IS THE PROBLEM?
The convenience and accessibility of online payment methods have made it easier for individuals to make impulsive purchases and spend beyond their means. The absence of physical cash can also desensitize people to the value of their money, leading to less mindful spending habits.
PROBLEM STATEMENT
Complexity in Financial Management
No tracking of expenses end up people being broke
Overwhelming Transaction Management
Difficulty in Budget Adherence
WHAT ARE WE SOLVING?
We are solving to build an easy yet effective support for managing money in this hectic and unnoticed world where people spend so much money without recognising where they did.
SOLUTIONS
Managing Finance
Achieving your budget goals
Tracking daily expenses at ease
Encouraging to learn about your financial knowledge
I believe in research before design approach always
Age Group
92%
20-30
04%
30-40
02%
40-50
02%
50-60
55
Survey conducted
What is your purpose for managing finance
Keeping expenses & spending track
66%
Monthly & yearly Financial Reflection
34%
Having Budget Plans
60%
to Maximise Investments
2%
Having Savings goals for future plans
62%
Understanding your spending pattern
56%
Difficulties users face while managing finances
Can't keep a track of past transactions
40%
Forgets to add details of your daily transactions
52%
Creating a realistic budget
38%
Unable to get a proper track of Income & Expenses ratio & percentage
44%
Other Responses:
Being consistent in tracking expenses
When using different apps for payment and physical money as well,it is difficult to keep track of money spent
Primary Research for first hand information
Before I jump into designs I wanted to understand what are the problems faced by people
What tools do you use to manage your finance?
Manual (38.2%)
Spreadsheet/
Notion (21.8%)
Banking App (30.9%)
Finance Management App (9.1%)
55 users