A Survey on Smart Expense Recorder using Machine Learning

Abstract

Expense Tracker is a daily expenditure management system modeled to track of day-to-day expenses easily and effectively. It helps the user to track the expenditure on the regular basis, of all types of transactions using Machine Learning theorems based system, which eliminates the necessity for hardcopy results. It systematically stores and shows the record of all transactions done and easily helps the user to monitor all the payment data kept by it. An Android Application is to be developed which can read the data from the user’s transactions alerts/SMS and record it in its own database categorizing it automatically where the user has transacted the money. This will make it easier for the user to analyze where the user has spent money. User can extract the data of their expenditure, where he had transacted the money and can keep a track of his expense wisely.