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CAMPUS CASH: FINANCIAL MANAGEMENT SYSTEM USING PREDICTIVE ALGORITHM …
CAMPUS CASH: FINANCIAL MANAGEMENT SYSTEM USING PREDICTIVE ALGORITHM
CHAPTER 2
LITERATURE REVIEW
2.1 Introduction to Chapter 2
Overview of Campus Cash
Importance of Financial Literacy
2.2 Students Financial Situation
Financial Management Skills
Budgeting and expense tracking for students with limited income sources.
Responsible credit card use and debt avoidance strategies for young adults.
Planning and saving for future goals.
The Role of Technology
Budgeting and expense tracking apps designed for student needs.
The potential benefits and challenges of using mobile wallets and closed-loop payment systems like Campus Cash.
Utilizing online banking and financial resources for informed decision-making.
2.3 Financial Problems
Challenges Faced by Students
Limited income sources and dependence on student loans or parental support.
Lack of financial literacy and practical money management skills.
Impulse spending and difficulty controlling discretionary spending.
Difficulty managing debt and avoiding credit card traps.
2.5 Similar Existing Systems
2.5.1 Examples of Existing Applications
PocketGuard
Wally
Personal Capital
Mint
YNAB
2.5.2 Comparison of Features
2.4 Predictive Algorithm
Application of Predictive Algorithm
Potential Benefits
Providing personalized budgeting and spending recommendations.
Developing targeted financial literacy resources based on spending patterns.