The case study was aimed to help the students and graduates manage their expenses, keep them within their budget, help them track their expenses, and notify them of their out-of-budget expenses by that they can be aware of where they are spending. I came to know most of the students were falling into loan scams so I wanted to help them by suggesting some loan apps by which they could get a list of instant loan apps without doing any research.
The main reason for doing this project is I have seen some of my friends who were unable to manage their expenses and they always keep themselves in debt so I wanted to know why they were unable to manage their expenses like others. And keeping debts at a very young age.
Due to the lack of basic financial education, people are unaware of good banking practices, have poor spending habits, and have poor control over finances. Every year thousands of graduates get purchasing power without the basics. Zest money is looking for a way to help college students build spending habits and monitor them as well to prepare them for a financially independent lifestyle.
From the problem statement, it was clear that due to a lack of basic financial knowledge nowadays youngsters are unable to have control over their expenses.
People are having poor spending habits because of not having a prioritized list of where they need to spend.
They were unable able to track their expenses and because of that, they were having poor control over their finances.
And the objective was clear: Zest Money wants to help college students track and monitor their expenses to control their expenses and give them a financially independent lifestyle.
brief on the industry of the problem statement✒️
sub-problems or smaller problems associated with the problem statement