Introduction:This research introduces Pennywise, an exciting new smart financial advisor designed to change how people manage their finances. With artificial intelligence and engaging data visualization, Pennywise makes personal finance easier and more accessible. It addresses the everyday struggles of keeping track of expenses and receiving vague financial advice by offering automated transaction categorization, personalized insights, and clear, actionable recommendations tailored to each user’s unique financial situation. Materials and Methods:Pennywise harnesses powerful machine learning algorithms to analyse users’ spending habits, helping them identify patterns, predict upcoming expenses, and make informed financial decisions. The user-friendly dashboard allows individuals to effortlessly keep track of their financial activities, while interactive data visuals present valuable insights in a friendly and easy-to-understand way. Plus, with strong security measures, users can trust that their financial information is safe. Result:In trials, Pennywise achieved an impressive 92.3 percent accuracy in categorizing transactions. Users were highly engaged, with 67 percent accepting the system’s recommendations. Notably, many users found that they could save an extra 12 percent each month after starting to use Pennywise. Conclusion: Overall, this system not only provides a powerful and user-friendly way to manage finances but also helps improve financial literacy and encourages people to make positive financial choices, leading them toward greater stability.
