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Aifb Miniproj

This document presents a mini project proposing an AI-powered personal finance advisor that utilizes machine learning and clustering techniques to analyze user financial data and provide personalized budgeting and investment recommendations. The system classifies users into financial personas and offers advice based on the 50/30/20 budgeting rule, aiming to enhance financial decision-making. An interactive web application is also developed for user accessibility and real-time insights.

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Aditi y
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5 views12 pages

Aifb Miniproj

This document presents a mini project proposing an AI-powered personal finance advisor that utilizes machine learning and clustering techniques to analyze user financial data and provide personalized budgeting and investment recommendations. The system classifies users into financial personas and offers advice based on the 50/30/20 budgeting rule, aiming to enhance financial decision-making. An interactive web application is also developed for user accessibility and real-time insights.

Uploaded by

Aditi y
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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"AI-Powered Personal Finance

Advisor Using Machine Learning and


Clustering Techniques"

Group No.16
Umesh Nehete 22207001
Vineet Mhatre 22207009
Aditi Yadav 21107018
Priyanshu Worlikar 22207001
Contents
 Abstract
 Introduction
 Objectives
 Literature Review
 Research Gap
 Problem Definition
 Scope
 Technological Stack
 Proposed System Architecture/Working
 Prototype Design Demonstration
 Implementation Status
 Review Suggestions (Given in Last meeting)
Abstract
In the modern digital economy, managing personal finances has become essential yet complex. This

mini project proposes an AI-based personal finance advisor that analyzes a user's income, expenses,

financial goals, and risk appetite to offer personalized budgeting tips and investment suggestions. By

applying clustering algorithms and rule-based logic, the system helps classify users as Savers,

Spenders, or Balanced and provides recommendations aligned with the 50/30/20 rule. This tool can

support better financial decisions in everyday life using explainable and intelligent automation.
Introduction
Managing finances effectively is a key challenge for many individuals. Traditional

financial planning requires expert advice, which is often expensive and inaccessible to

many. With the rise of artificial intelligence, it's now possible to build intelligent

systems that provide personalized financial guidance at scale. This project explores the

use of machine learning to create an AI advisor that delivers customized insights based

on user data.
Objectives

•To develop a machine learning-based model that classifies financial behavior.

•To implement a recommendation system for budgeting and investments.

•To provide personalized advice based on the 50/30/20 rule and user risk

profile.

•To build an interactive web application using Streamlit for easy user access.
Problem Definition
•Analyzes user data such as income, expenses, goals, and risk appetite.

•Classifies users based on financial behavior using machine learning (KMeans Clustering).

•Provides customized recommendations using the 50/30/20 budgeting rule and risk-

based investment logic.


.
Scope
•User-Centric Financial Guidance:
The system provides personalized financial advice based on income, expenses, goals, and risk
appetite.
•Behavior-Based Classification:
Uses clustering algorithms to classify users into financial personas like Saver, Spender, or Balan
•Budgeting and Investment Tips:
Suggests practical budgeting strategies and investment options based on the widely accepted
50/30/20 rule and user risk profile.
•Interactive Web Application:
Deploys a user-friendly Streamlit interface for data upload, insights visualization, and real-time
recommendations.
Architechure diagram
Implementation
Implementation
References
Bhatt, A., Gopalani, D., & Mantri, P. (2020).
Personal Finance Recommendation System using Machine Learning.
International Journal of Engineering Research & Technology (IJERT), 9(6), 826–829.
Link
Summary: This paper explores using user financial behavior and spending habits to
recommend personalized financial plans using clustering techniques and machine learning

Jain, M., & Jain, R. (2019).


Machine Learning Approach for Financial Planning and Investment Recommendations.
International Journal of Computer Applications, 177(22), 10–15.
DOI: 10.5120/ijca2019919510
Summary: The authors use rule-based learning and historical financial data to build an
investment recommendation system, addressing risk profiles and budgeting goals.
Thank You...!!

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