Design of a Financial Planning Platform for Young Working Professional


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Creator/Artist: Vineet Srivastava

Category: Interaction Design

Document: P2 Project

Batch: 2016-2020

Source: India,   IDC IIT Bombay

Period:  2019-onwards

Medium: Report pdf

Supervisor: Prof. Venkatesh Rajamanickam


Detailed Description

Good financial management skills are quickly becoming an essential skill for a growing number of people in an increasingly financialized world. Understanding how to manage one’s income, assets, and liabilities is an essential skill to acquire if one is to make the best use of the resources they acquire over the course of their working life. In a world where capital consistently grows faster than wages and real production, driving up the cost of living for everyone, the time when financial management was reserved for the rich is past. A growing number of tools and companies have cropped up to satisfy this market need, but most fail on some account, whether due to a limited breadth of capabilities, access restrictions to economically weaker individuals, or vested interests that may not necessarily align with those of their users. Besides that, there is also an absence of a single tool to unify several basic aspects of financial planning, such as tracking, spending, loans, credit cards, bank accounts, and an investment portfolio. In this project, I propose a platform that can manage the financial planning requirements of young working professionals in income brackets ranging from low to moderately high. The platform allows the planning of income allocation between expenses, savings, and investments while also allowing the user to view long-term trends of their financial habits to allow for better decision-making.