Customized active Budgeting and Tracking

Most people are aware of the need to create a budget. However, sticking to one is difficult unless one actively tracks their transactions throughout the month. Bank statements provide a spend analyzer which is helpful to those who already are keeping tabs but not for first-time earners with poor personal finance knowledge.
A customized budget tracker can solve the budgeting problem end to end.
Taking into account salary and location the budget analyzer will provide the following:

  1. Ideal budget distribution which can be customized by the user
  2. Weekly notifications on spends and remaining budget
  3. Red alerts when spends are growing faster under any head
  4. Rewards for sticking to your budget.
    This can inculcate prudent financial behaviour especially for millenials
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