How to Create Your Own Personal Finance App

• Make sure the app protects users’ personal and financial data and ask your development team whether they use modern encryption protocols.

• Make provisions for notifying users about taking all the necessary safety precautions that depend on nobody but themselves - practicing cyber-hygiene (not reusing passwords but coming up with complex ones, not clicking on suspicious links from email) and avoiding fraud on the phone, when scammers pretend to be bank workers.

• Enable authorization to the app via PIN/password or biometric data for better security and confirmation of transactions with a special password/SMS code.

• Make sure your app sends minimum data to external sources since it may cause leakage. Prevent injection of foreign thus possibly harmful code in your solution by including input validation when any data is entered.

• Don’t neglect the Quality Assurance service when developing a solution that concerns someone’s money.

Banks’ mobile apps surely do a good job of simplifying financial control, and still, specialized personal finance apps have gone much further in offering users maximum simplicity for easier information perception. Use graphs and colors instead of dull listings. For categories, assign pictograms or customizable colors schemes. You may consider working out an introduction to the app explaining its main features and perks. Be concise - otherwise, users may simply skip this onboarding step and miss something important.

Under mobility, here we mean syncing between multiple devices and the ability to use the app even with a poor internet connection, i.e., it should be lightweight and not take too much space on the device. Mobility is about optimization and speed as well as giving users the opportunity to access their data either from the app on the phone or from the website/web app if there is one.

We’d propose putting yourselves in the user’s place and that would not be wrong, however, theoretical assumptions don’t always work in practice. Before you start financial app development, better open App Store or Google Play Market and go through reviews on the most used apps similar to the one you have in mind and point out what users like or dislike about them most.

There’s no need to start huge and try to implement all of your best ideas at once. When creating a finance app, focus on key functionality that makes your app stand out. Consider building an MVP to give your idea a test drive. Start small as a simpler solution can always grow into something bigger while a complex app development takes more paid man-hours that don’t always come necessary in the end.

In addition, apps overly complex from the start have a higher risk of security breaches as bugs are harder to notice in a too elaborated solution.

Yet again, thoughtfulness and simplicity go hand in hand. The design is not only about esthetics but also about logic and convenience. Same as departments in supermarkets are thoroughly arranged, no random sections and buttons should be in your financial management app. The UX design has to correspond to the user flow diagram you build with the development team. Don’t overwhelm users with excessive details and dozens of buttons on a screen - instead, focus their attention particularly on what that one screen is about.