Personal Finance Management and Prediction using ML Algorithms

Effective personal finance management is essential for achieving financial stability and long-term financial health. This paper presents a comprehensive approach to summarizing, analyzing, and show monthly expenses using machine learning models. By collecting user inputs such as age, place of stay, number of dependents, monthly expenses on transport, education, subscriptions, savings, medical expenses, and more, the system uses linear regression, decision trees and random forest algorithms to predict financial values. The system provides detailed information of expenses, savings, and overall financial health, along with personal health analysis based on dietary habits. Users have access to a wide range of financial and lifestyle information, allowing the system to provide personalized recommendations to increase financial security and achieve financial goals. The model also evaluates the impact of recurring expenses and notable investments, helping users understand their spending patterns and make informed financial decisions. The results demonstrate the system's capability to deliver accurate predictions and actionable advice, enable users to better manage their finances. This approach has led to significant advances in personal financial management by integrating machine learning techniques to provide insight into people's financial health.