The problem SpendVisor solves

Problem Statement:

Spendvisor addresses the intricate challenges in financial management that individuals often grapple with in today's dynamic financial landscape. Managing a plethora of expenses, establishing savings goals, and making data-driven financial decisions can be a formidable task. The complexities of reconciling transactions from multiple sources, combined with the need for comprehensive financial control, require a sophisticated solution.
Solution and Its Benefits:

1. Advanced Expense Tracking:
2. Personalized Savings Goals with gamefication
3. Real-Time Financial Accountability

Challenges we ran into

During the development of Spendvisor, our team encountered a specific challenge that significantly impacted our project's progress.

API Access Restrictions:
One major hurdle we faced was related to the availability of APIs for payment gateways. For the past two months, these payment gateway providers restricted API access to established businesses, which posed a significant roadblock to our project. We initially planned to integrate real-time payment data directly into Spendvisor to enhance the efficiency and accuracy of our expense tracking and financial analysis features.

How We Overcame It:
While these restrictions initially caused delays and headaches, we decided to adapt our approach to overcome this challenge. Instead of waiting for API access that might be uncertain in the future, we shifted our focus to building a robust backend infrastructure using MongoDB. This allowed us to create a secure and efficient database for storing and managing user transactions.

By taking this route, we ensured that our project remains functional and can provide valuable financial insights even without real-time API data integration. While the initial setback was frustrating, it ultimately led to the development of a resilient and self-sufficient system that can continue to serve our users effectively.

Our commitment to delivering a reliable and efficient financial management solution drove us to adapt and find innovative solutions to the challenges we encountered, ensuring that Spendvisor remains a valuable tool for our users.