Developing a Personal Finance Management Tool Using Spring Boot and React

Authors: Ajay Benadict Antony Raju

DOI: https://doi.org/10.5281/zenodo.14209081

Short DOI: https://doi.org/g8rrf8

Country: USA

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Abstract: Personal finances management has been revolutionized by digital tools in financial sector with enhanced convenience to the end user. This abstract discusses on how a simple Personal Finance Management (PFM) tool would be built using Spring Boot and React to make an efficient application for the management of personal finances. Spring Boot applies microservices in its structure, which provides a flexible backend for processing high-volumes of financial data and computations with robust security. On the other hand, React offers a dynamic and engaging frontend; this means that users will be receiving real-time updates and engaging interfaces. Some of the functionalities which will be contained in the PFM tool will include budgeting, expense tracking, setting of financial goals and objects, and investment analysis, among others with the hope of getting a holistic view of the financial status of the users. Due to the use of Spring Boot in backend creation and react in frontend application, the tool has a strong partnership between the powerful server-side technology and effective client-side approach. Of course, it has been mentioned that this kind of approach positively impacts performance, which is, at the same time, useful in building a maintainable and scalable application. This paper examines the design, characteristics, and technologies applied to construct this tool, and demonstrates how the implementation of Spring Boot and React can promote a progressive, performant, and customer-oriented financial management application.

Keywords: Personal Finance Management, Spring Boot, React, Backend Development, Frontend Development, Financial Tool

Paper Id: 231651

Published On: 2023-05-03

Published In: Volume 11, Issue 3, May-June 2023

Cite This: Developing a Personal Finance Management Tool Using Spring Boot and React - Ajay Benadict Antony Raju - IJIRMPS Volume 11, Issue 3, May-June 2023. DOI 10.5281/zenodo.14209081

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