DEVELOPMENT AND EVALUATION OF MY MONEY MANAGER: AN INTELLIGENT MOBILE APP FOR PERSONALIZED FINANCIAL INSIGHT

Abstract

Personal finance management has become increasingly critical in today's digital economy, yet existing mobile applications often lack the intelligence to provide personalised financial guidance. This article presents the development of "My Money Manager Mobile App," an Android-based personal finance management system that addresses current limitations through intelligent expense categorisation and personalised financial insights. The application distinguishes between fixed and variable expenses using algorithmic analysis and provides tailored savings recommendations based on user spending patterns over 90 days. Unlike existing solutions that offer generic financial advice, this system analyses individual spending behaviour to detect anomalies and provide dynamic, evolving financial guidance. The app employs an iterative and incremental development methodology, ensuring continuous improvement based on user feedback. Key features include automated expense categorisation, visual representation of financial flows, balance tracking, and personalised savings advice. The system addresses significant gaps in current personal finance applications by providing intelligent analysis rather than simple expense tracking, ultimately empowering users to make more informed financial decisions and develop healthier spending habits. A usability evaluation involving 35 participants was conducted. The results demonstrate that 71.4% of respondents agreed that the financial insights helped guide their financial decision-making. In terms of personal finance habits, 74.3% of users reported that the app encouraged them to manage their finances more effectively, pointing to the usefulness of budget planning and savings recommendations. The strongest validation was observed in income and expense tracking, where 82.8% of respondents confirmed that the feature was efficient and reliable in monitoring their daily financial activities.