CHAPTER 1

INTRODUCTION

PROJECT CONTEXT
For many developing countries, an Android phone is
somebody’s first exposure to the Internet and the outside
world. According to textually.org, a blog aggregator
“focusing on text messaging and cell phone usage around the
world, tracking the latest news and social impact of these
new technologies.” Smartphones (primarily Android) and
regular cellphones are being used to improve agriculture,
finance, emergency services, and other areas in developing
nations across the globe.
The portability, relatively low-power usage, and wireless
connectivity have allowed this technology to penetrate areas
where people couldn’t even dream of using a computer or
connecting to the outside world.
With the help of this new technology, the proponents would
be creating an application that can alleviate the daily
nuisance of taking down one’s daily expenses, and budgeting
a person’s money just with the tap of his/her fingers.

PURPOSE AND DESCRIPTION

Budget and expense tracker system: This Capstone Project
created an application where the users can track the inflow
and outflow of money on hand, which also includes debit or
credit. This application can help the user in planning their
budget within the desired span of time.
It can help them in monitoring their money in all aspects.
This application can help users in planning how much budget
to allocate in a certain category of expenses. The purpose
of this application is to help the users in organizing their
real-time cash flow. It can also help the user to budget
their money properly based on the money input and time
frame.

OBJECTIVES OF THE STUDY

General Objective

● To create a budget and expenses tracker system.

Specific Objectives
In order to achieve the general objective, the following
objectives must be met.

● To provide the user a great User Interface and User

Experience.
● To help the user achieve his or her savings goal.

● To help the user to track daily and monthly spending.

● To help the user to manage debts.

SCOPE AND DELIMINATION OF THE STUDY

The study will focus on developing a web-based Budget and
Expenses Tracker System accessible via mobile devices.
The application exhibits the following features:

● Tracking of assets/money

● Setting the Desired Savings Amount

● Manage Expenses

● Expenses Report

SIGNIFICANCE OF THE STUDY

The Budget and Expenses Tracker System will benefit
individuals, families, and small businesses by helping them
gain better control over their finances, reduce
overspending, and save for future goals. By providing
insights into spending patterns and facilitating budget, the
system aims to improve financial literacy and promote
responsible financial management practices.
DEFINITION OF TERMS
Budget - Amount of money available for spending that is
based on a plan for how it will be spent.
Expense - An amount of money that must be spent especially
regularly to pay for something.
Peso - The basic unit of money in several Latin-American
countries and the Philippines.
Expenses Report - It is simply defined as the cost one is
required to spend on obtaining something.