Personal Finance Manager (PFM) Version-2

Overview

Personal Finance Manager v2 is the successor to the original Personal Finance Manager project. This new version introduces major improvements and additional features aimed at providing a more secure, user-friendly, and robust system for managing personal finances.

Major Changes in v2

1. Database Migration to PostgreSQL

• The database has been migrated from SQLite to PostgreSQL, providing better performance, scalability, and support for advanced queries.

2. User Management

• User Accounts: Users can now create their own accounts with a unique user ID and password.
• Login System: Users can securely log in to their accounts.
  
  
• Token-Based Authentication: All API requests are secured using token-based authentication.
• Password Reset with OTP: Users can reset their passwords by verifying their identity through an OTP sent to their registered email.

3. Expense Management

• Add Expenses: Users can log their expenses by providing details such as category, amount, and date.
  
  
• View Expenses: Users can view their logged expenses, filtered by date, category, or month.
  
  

4. Budget Management

• Add Budgets: Users can set budgets for different categories.
  
  
• View Budgets: Users can view their existing budgets.
  
  
• Update Budgets: Users can modify their budgets by increasing or decreasing the allocated amount.
  
  

5. Personalized Dashboard

• Created personalized dashboard for user's to view there financial data.
  
  

6. Security Improvements

• Password Hashing: All passwords are securely hashed before being stored in the database.
• Token Expiry: Tokens have expiration times to enhance security.

7. Enhanced Error Handling

• Improved error messages and responses for invalid requests.

8. Performance Optimizations

• Optimized queries for faster expense and budget retrieval.

9. Modular Code Structure

• The codebase has been reorganized for better maintainability and scalability. Routes are now modularized into users, expenses, and budgets.

Features in Version 2

1. User Authentication

   • User Registration
   • Secure Login with Token Authentication
   • Password Reset with OTP

2. Expense Management

   • Add Expenses
   • View Expenses (filter by date, category, or month)

3. Budget Management

   • Add Budgets
   • View Budgets
   • Update Budgets

4. Gamification

   • Earn badges for achieving financial goals or demonstrating specific spending/saving habits.

5. Security Enhancements

   • Secure password hashing
   • Token-based API security

6. Database Improvements

   • PostgreSQL backend for better scalability and performance

Hidden Features (Easter Eggs)

• Unique achievements and badges for streak-based activities.
• Smart notifications for unusual spending patterns (to be implemented).

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This version aims to provide a modern, reliable, and user-friendly experience for managing personal finances. Future updates will include more gamification features, predictive analytics, and reward optimizations.