NestEgg

Inspiration

As students, we often struggle with managing our finances effectively. The idea of saving for the future is overwhelming - how much should we save, where should we start, and what should we invest in? These questions leave many of us unsure about how to make the most of our money. Balancing daily expenses with the need to save for emergencies or long-term goals can feel like an impossible task. That’s where NestEgg comes in. We wanted to create a solution that makes financial planning simple, clear, and accessible to everyone - especially students. The idea was born from the need to make saving and investing feel achievable, with guidance that is personalized and tailored to each individual’s financial situation.

What it does

NestEgg uses AI to provide smart, AI-generated suggestions based on your income, spending habits, risk tolerance, and savings goals. Whether you’re looking to build an emergency fund, start saving for a big goal, or venture into investments, NestEgg takes all the guesswork out and provides you with a tailored plan that works for you. With personalized advice and an intuitive interface, we hope to give students the tools to take control of their financial future.

How we built it

We combined sleek design with smart tech: Design: Framer helped us create an intuitive, student-friendly interface. AI Magic: Google Gemini powers personalized financial advice.

Challenges we ran into

We encountered several challenges throughout the development of NestEgg. First, many users faced limited financial literacy, making it difficult to create a plan that felt accessible to all. Additionally, the constraints of the Gemini API limited some functionality we wanted to incorporate. We also had to address the need for clear investment disclaimers to ensure transparency and compliance. Finally, we shifted the focus from just emergency funds to a broader approach, incorporating savings and investment strategies to better align with users’ long-term financial goals.

Accomplishments that we're proud of

We conducted extensive research to better understand a problem area we were initially unfamiliar with. This included studying Gemini API documentation, as we were designers, and working on implementing functional code that provides AI-based suggestions. Additionally, we focused on designing the app in Framer to bring our vision to life.

What we learned

Through our process, we gained a deeper understanding of financial literacy challenges and the complexities of integrating AI-based suggestions. We also learned how to navigate the Gemini API’s limitations, the importance of adding clear disclaimers for investment-related advice, and the value of expanding our focus from emergency funds to broader savings and investment strategies. Designing in Framer also sharpened our ability to translate technical features into a user-friendly interface.

What's next for NestEgg

For NestEgg, the next steps involve integrating the code with the design and adding a budget setting feature. Users can set goals, track investments, and receive alerts. We'll introduce smart saving plans, personalized insights, and investment tracking with risk-based recommendations. The app will include AI-powered financial assistance, gamification, and strong security, offering a comprehensive and user-friendly experience.