Splitify App

Project Overview

Project Name: Splitify
Project Type: Mobile Application
Platform: iOS and Android
Target Audience: Millennials and Gen Z (ages 18-35)
Project Duration: 6 months

Project Vision

Splitify aims to revolutionize the way people manage and share expenses with friends, family, and colleagues. By providing a seamless, user-friendly interface, Splitify will make it easy for users to split bills, track shared expenses, and settle debts, all in one place.

Key Features

1. Expense Tracking
   • Users can log expenses manually or upload receipts.
   • Categorization of expenses (e.g., dining, travel, groceries).
2. Bill Splitting
   • Split expenses evenly or customize each person's share.
   • Support for multiple currencies and real-time currency conversion.
   • Option to split expenses by percentage or fixed amount.
3. Group Management
   • Create and manage groups for different activities (e.g., roommates, trips, events).
   • Add or remove group members easily.
4. Payment Integration
   • Link bank accounts or payment apps (e.g., PayPal, Venmo) for quick settlements.
   • Send and receive payment reminders.
5. Notifications and Alerts
   • Real-time notifications for new expenses, payment requests, and reminders.
   • Customizable alert settings.
6. Analytics and Reports
   • Visual breakdown of spending habits.
   • Monthly and yearly expense summaries.
   • Export reports for personal records or tax purposes.

User Experience Flow

1. Onboarding
   • Welcome screens highlighting key features.
   • Easy account setup with email or social media login.
2. Home Screen
   • Overview of recent activities, pending payments, and expense summaries.
   • Quick access to common actions like adding an expense or creating a group.
3. Expense Management
   • Simple form for adding new expenses, with options for categorization and splitting.
   • Detailed view of each expense, showing contributors and individual shares.
4. Group Management
   • Dashboard for managing groups and viewing group-related expenses.
   • Option to invite members via email, SMS, or social media.
5. Payment Processing
   • Secure, integrated payment gateway for settling debts.
   • History of payments made and received.
6. Reports and Analytics
   • Interactive charts and graphs showing spending patterns.
   • Options to filter and customize reports based on user preferences.

Conclusion

Splitify aims to simplify the often tedious process of managing shared expenses. By focusing on a user-centered design, the app will provide an intuitive, efficient, and enjoyable experience, helping users stay organized and financially balanced in their shared financial responsibilities.