Inspiration
The inspiration came from observing the financial struggles of people around us, such as dealing with student loans, living paycheck-to-paycheck, or failing to save for future goals. We realized that traditional finance tools often felt impersonal, overwhelming, or ineffective. This drove us to design a platform that simplifies financial decision-making using cutting-edge AI, making the experience both personalized and engaging.
What it does
Our platform helps users take control of their financial future by providing personalized, actionable financial guidance. By leveraging OpenAI, the platform analyzes user inputs - such as income, expenses, loans, life stage, goals, and social status and generates a five-step educational plan designed to achieve user's goals. This allows users to gain knowledge on financial management topics related to their goal and improve their current financial situation, set clear goals, and stay on track to achieve their dream life.
How we built it
Made a website using new.js and tailwind. And connected it to OpenAI API to generate the financial plan and answers to questions.
Challenges we ran into
Centric platform that simplifies financial planning for diverse audiences. Designing a clear, actionable framework that makes financial decision-making approachable. Overcoming the challenges of rapid prototyping within a hackathon setting.
Accomplishments that we're proud of
Successfully integrating OpenAI to deliver personalized financial education and support.
What we learned
The importance of user-centric design in building trust and engagement with financial tools. How to harness OpenAI’s potential to deliver personalized, meaningful insights. The diverse financial challenges faced by different demographics and how personalization can bridge the gap. The value of teamwork and adaptability in overcoming technical and creative challenges under tight deadlines.
What's next for More
Our next steps for More include refining AI models to provide more dynamic and detailed financial strategies, incorporating gamification features like progress tracking and rewards to boost user engagement, and introducing community features for peer support and expert advice. Additionally, we will integrate national legislation, such as tax laws and financial regulations, to ensure that the advice and strategies provided are compliant with the specific legal and tax frameworks of each user's country.
Try out
https://racoons-boilerplate.vercel.app/ https://github.com/KristersKat/racoons-finhelp https://www.youtube.com/watch?v=NjF9EdR7ins
Built With
- nextjs
- openai-api
- tailwind
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