Jar-Allocation is a web application designed to help users manage their personal finances using the 6 Jars Financial Management System. The application allows users to allocate their income, track expenses, and achieve financial goals effectively.
The 6 Jars Financial Management System divides your income into six categories with specific purposes:
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Necessities (55%):
- Covers essential living expenses such as food, housing, utilities, and transportation.
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Education (10%):
- Invests in personal development through books, courses, and seminars.
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Long-term Savings (10%):
- Allocates for long-term savings and investments such as buying a house, a car, or investing in stocks.
-
Play (10%):
- Spent on entertainment, travel, and personal luxuries.
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Financial Freedom (10%):
- Invests in passive income opportunities like stocks, bonds, or small businesses.
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Charity (5%):
- Contributes to charitable activities and helping others.
- User Registration and Authentication: User sign-up and login functionality.
- Income Tracking: Input and track monthly income.
- Jar Allocation: Automatically or manually allocate income into 6 jars.
- Expense Tracking: Record and categorize daily expenses into appropriate jars.
- Savings and Investment Goals: Set and track long-term savings and investment goals.
- Reports and Analytics: Generate reports and visualizations for income, expenses, and goal progress.
- Notifications and Reminders: Send notifications and reminders for important financial events.
- Security Features: Ensure user data security with encryption and access controls.
- Frontend: React
- Backend: Node.js with Express
- Database: PostgreSQL
- Authentication: JWT (JSON Web Tokens)
- Hosting: AWS
- Node.js
- PostgreSQL
- Clone the repository:
git clone https://github.com/theanishtar/Jar-Allocation.git
- Install dependencies:
cd 6-jars-money-management npm install - Set up the database:
- Create a new PostgreSQL database.
- Update the database configuration in
config.js.
- Run the application:
npm start
- Register: Create a new user account.
- Login: Sign in to your account.
- Set Income: Input your monthly income.
- Track Expenses: Record and categorize expenses.
- View Reports: View financial reports and goal progress.
If you want to contribute to the project, please create a pull request or open a new issue.
This project is licensed under the MIT License.
By using the Jar-Allocation application, you can easily manage your personal finances and achieve your financial goals effectively and systematically.