FIGET
About the Project:
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Figet App focuses on helping millennials keep track of their monthly expenses and build good budgeting habits. To make budgeting apps more convenient for someone who is busy with everyday routine and unaware of their spending and help them save money in the future.
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Methods:
User Research & Analysis Persona Creation
User Flows Ideation Wireframes
Mood board UI & Prototyping Visual Design
My Role: Solo UX/UI Designer
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Duration: 6 months (Aug 2022- Jan 2023)
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Tools:
Figma Google Forms Adobe Photoshop
Milanotes Invision Marvel app Miro
Double Diamond
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Deliver
Discover
Define
Develop
DISCOVER
Problem Definition
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"Being financially responsible as an adult .. IS QUITE DAUNTING."
Why do young adults struggle to manage their finances?
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Phenomenon:
The generation is constantly improving with the help of technology, many people don’t have to carry cash with the convenience of debit/credit cards. But most people forget to check how much they spend on each purchase per card they own. And this could lead to having insufficient money in the bank or abusing their credit cards.
Research
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Based on the article, budgeting debit/credit cards need to be intentionally developed. Budgeting is creating good habits to keep track of monthly spending as groceries, gas, and other daily needs are difficult to estimate. Budgeting helps to keep track of monthly records to save money and if there’s an emergency.
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Solution:
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Design an app where young adults can easily track all their monthly expenses on top of their busy
day-to-day schedule to budget intentionally and build good habits.
Solution 1​
Create a budgeting account
Users can create an account dedicated to all expenses to improve the monthly budget and reduce the stress from budgeting.
Solution 2​
Syncing bank & credit cards
The app tracks bank transactions and categorizes the monthly expenses after users sync into the bank accounts.
Solution 3​
Shared budget
Users can create a specific shared budget that allows them to budget with their partner or family.
Market Research
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Conducted a competitor analysis of popular budgeting apps in the market to gather information and help develop the budgeting app. Here are the findings.
Most popular apps
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Rating: ★★★★☆
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User friendly
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Great budgeting features
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Good UI Design
Rating: ★★☆☆☆
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Quite confusing to use
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Unorganized
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Clean Design Layout
Rating: ★★★☆☆
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User Friendly
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Good Budgeting Features
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Outdated Design
Survey Result
Run a screener survey to better understand what user needs and the demography of the groups to help create the budget app.
Top Findings from the Survey:
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The majority of users create a budget and follow up once or twice a week.
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Approximately 42.9% of the users check their bank accounts, 28.6% keep a record of their expenses, 19% make notes, and the remaining 9.5% use an app or Excel spreadsheet.
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According to the survey results, 71.4% of users report an improvement in their spending when tracking their monthly budget.
User Interviews
Interviewed 6 participants and asked them questions like..
What problems do you face making or following a budget?
How do you manage your expenses?
How does it improve your monthly budget?
DEFINE
Affinity Map and Analysis Data
Based on the user's interview. Here are the user insights gathered from 6 participants. ​​
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49 data points
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6 themes
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3 main themes
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9 Priority Data
3 Important Themes & Prominent Data
When Budgeting
Prioritize the bills first before other needs
Don’t have to worry about finance as much when budgeting
Facing Challenges
“I can’t track where I spend my money when it’s transferred”
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“I have to remind myself to do the budget”
Savings Dilemma
“There are always unexpected expenses”
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“I don’t have savings”
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FINANCIALLY RESPONSIBLE
STRUGGLE MIDWAY
NOT HAVING ENOUGH
HOW MIGHT WE..
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How might we help millennials build good discipline with budgeting?
How might we help young adults build financial literacy?
How might we help manage their monthly budgets effectively?
How might we help millennials become better aware of their financial responsibilities and take care of it?
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DEVELOP
User Flows
Created a user flow diagram to map every step of the user interaction required to achieve the goal of the budgeting app.
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Ideation
Sketched some iterations that were necessary for users' needs and which ideas worked the best. Here's one of the ideation flows.
Wireframes
Turned the sketches into black and white prototypes. Defined the design patterns and visual hierarchy and UI elements.
DELIVER
DELIVER
Mood Board
Created a palette and font that best suits the app. Decides blue colors as blue best represents the goal that wants to achieve for the app.
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UI Style Guide
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UI Design
After many iterations and usability testing, here’s the final screen of the budgeting app.
This screen the savings feature of
this app. When users sync their savings accounts, users can see the money
they add or deduct from their savings.
Users also get notifications of transactions in their savings that way users are aware
of any transactions happening
in their savings account.
The app's home screen is an overview of Spending Tracker, Total Expenses, and Total Amount Overspend.
Chose this screen as a home screen to give awareness to the users in terms of finance and budget in their accounts.
The Spending Tracker, Total Expenses, and Total Amount Overspend also have their own individual screens for more details.
User’s Feedback:
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Users find the overall look of the app very clean and friendly.
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Very adaptive and easy to use with a straightforward approach to every task.
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The app has an essential feature to do budget and track finances.
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UX Insight
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This has been a very exciting and challenging project. I learned a lot more about budgeting and finances and I would love to use a budgeting and finance app earlier on career and life in general. Being able to design an application that aids in making everyday life easier for the user always brings joy to me. I was able to discover more about what users like myself would like to benefit from when it comes to budgeting and finance.
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Next Steps
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If I had more time on the project, the next steps would be adding a feature like saving account and setting up credit card payment calendar to help users become self aware with their monthly bills and payments.
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