There is a niche for Fintech product specialized to serve college students. We aimed to design an app that can manage college student's assets in a novel way, providing an innovative financial plan to motivate the users to achieve their financial goals.
After putting ourselves into our users’ shoes interviewed our classmates, we found out their financial situation are
Lack of financial management knowledge
No professional financial advisers
Simple financial structure
Occasional irrational consumption
Role: SAIC senior Student
Date: October 31st, 2016
He is independent and no longer receive financial assistance from his family. He receives loan check from college for $4,000 each semester. he currently lives in a $700 apartment with two other roommates.
The project focuses on the development and design of two fundamental pieces, that are budgeting the present and forecasting the future
Budgeting the Present
We initiated an innovative categorization by sorting all spendings into three pools:
user's happiness of consumption.
2. Forecasting the Future
We used Excel as our analysis tool to disclose Daniel’s annual expends pattern based on the scenario and fake data. We generated a graph of his financial changes if he were to move into a new apartment that would cost $50 or more per month.
We used rapid paper prototype as our primary tool to conduct usability testing in the class. It allowed us to receive feedbacks immediately. We made a interactive prototype in InVision to demonstrate transition between each screen.