Paydaze — Spend Smarter. Save Consistently
Paydaze — Spend Smarter. Save Consistently
Managing money can be difficult when everyday expenses add up and there's still time left before the next payday.
The approachPaydaze brings four essential features together to help users manage their money throughout the month.
The Challenge
Managing money can be difficult when everyday expenses add up and there's still time left before the next payday.
Young professionals need a simple way to understand where their money goes and how much they can comfortably spend.
Problem Statement
How might we help young professionals in India manage their spending, make informed financial decisions, and save consistently without feeling restricted?
Key Challenges
- Understanding monthly income and expenses.
- Keeping track of everyday spending.
- Knowing how much money is safe to spend.
- Building consistent saving habits.
Research & Discovery
I explored three existing finance apps to understand how they approach budgeting, expense tracking, and financial management.
01Wallet by BudgetBakers
Explored budgeting, transaction categorisation, and expense reports.
Research focus: Understanding monthly financial health.
02Money Manager Expense & Budget
Explored manual expense tracking and budgeting.
Research focus: Making everyday expense tracking simple.
03INDmoney
Explored how financial information is presented.
Research focus: Making spending information easy to understand.
Research Focus
Understand how existing apps help users manage their money and identify opportunities to make everyday spending decisions simpler.
The Process
I broke the problem into four essential parts to define the core MVP.
Plan
Understand monthly income, fixed expenses, and savings targets.
Track
Record everyday expenses and monitor spending.
Manage
Understand the remaining balance and plan spending until payday.
Save
Set savings goals and track progress.
This helped me define four core features for Paydaze without adding unnecessary complexity.
The Solution
Paydaze brings four essential features together to help users manage their money throughout the month.
01Salary Planner
Plan your monthly income by adding your salary, fixed expenses, and savings target. See how much money remains for other expenses.
02Quick Expense Tracker
Record daily expenses, organise them by category, and view recent transactions.
03Spendable Balance
See how much money is left after expenses and upcoming commitments. Get a daily or weekly spending guide until payday.
04Savings Goal
Set a savings target, choose a monthly amount, and track progress without feeling pressured.