MUMBAI, India, Jan. 2 -- Intellectual Property India has published a patent application (202541123060 A) filed by Madhankumar C; Mrs. Vineetha Varghese; Merlin Mary A; Dhasanya K; Damiyan Joseph S; and Kathiresan, Pollachi, Tamil Nadu, on Dec. 6, 2025, for 'smart personal finance and expense management system.'
Inventor(s) include Mrs. Vineetha Varghese; Merlin Mary A; Dhasanya K; Damiyan Joseph S; and Kathiresan.
The application for the patent was published on Jan. 2, under issue no. 01/2026.
According to the abstract released by the Intellectual Property India: "The Smart Personal Finance and Expense Management System is a comprehensive web-based platform aimed at simplifying and automating personal financial management for individuals. Traditional manual methods of recording expenses often lead to inaccuracies, poor budgeting habits, and limited financial awareness. Many existing applications are either overly complex or lack proper integration between the frontend, backend, and database components. This project addresses these gaps by providing a user-friendly, efficient, and fully integrated solution for managing day-to-day finances. The system is built using HTML, CSS, and JavaScript for the frontend to deliver an interactive and responsive user experience. The backend is developed using Django, which ensures secure data handling, robust business logic implementation, and effective communication between the user interface and the database. MySQL serves as the database management system for storing and organizing financial data such as income records, expenses, categories, budgets, and savings logs. Key features include real-time expense tracking, automated categorization, budget creation and monitoring, income-expense comparison, and savings analysis. The platform provides users with visually appealing charts and graphs to help them understand spending patterns and make better financial decisions. Additional functionalities such as downloadable reports, monthly and yearly summaries, and user authentication enhance the usability and reliability of the system. The project follows a structured methodology involving requirement analysis, system design, backend development, database structuring, integration, testing, and deployment. The system is designed to be scalable, secure, and adaptable, making it suitable for a wide range of users, from students managing pocket money to working professionals handling monthly budgets. By offering an intelligent, easy-to-use, and analytics-driven finance management solution, this project aims to promote financial discipline, reduce manual effort, and empower users with better control over their personal finances. The system ultimately contributes to improved financial planning and long-term savings habits."
Disclaimer: Curated by HT Syndication.
