8udget

Product Introduction

1. Definition: 8udget is an offline-first personal finance management application (PFM) built with Flutter and Rust, enabling cross-platform functionality across iOS, Android, macOS, and web browsers. It combines expense tracking, investment monitoring, and AI-driven financial analytics in a single ecosystem.
2. Core Value Proposition: 8udget eliminates dependency on internet connectivity for core financial management while providing bank-grade security through AES encryption. Its primary value lies in offline accessibility, multi-platform synchronization, and AI-enhanced data processing for receipts/statements with 80-90% accuracy.

Main Features

1. AI Receipt Scanning: Utilizes computer vision algorithms to extract merchant names, amounts, and dates from receipt photos. Automatically categorizes expenses using machine learning models trained on retail transaction patterns. Processes data locally on-device without cloud dependency.
2. Investment Tracking: Integrates Yahoo Finance APIs for real-time stock/crypto price updates. Aggregates holdings across multiple accounts into unified portfolio dashboards. Calculates profit/loss metrics and asset allocation percentages using local computation.
3. Offline-First Architecture: Implements Rust-based local databases (SQLite) for primary data storage. Synchronizes encrypted data packets via secure WebSocket connections when online. Maintains full functionality during internet outages through on-device processing.
4. AI Bank Statement Import: Parses PDF/CSV bank statements using NLP techniques to identify transaction patterns. Auto-categorizes historical spending with 80-90% accuracy through pattern recognition algorithms. Maps vendor names to expense categories using proprietary reference databases.
5. Cross-Platform Sync: Built with Flutter framework for consistent UI/UX across iOS, Android, web, and macOS. Implements end-to-end encryption (AES-256) for cloud-synced data. Uses platform-specific secure storage (Keychain/Keystore) for credential management.

Problems Solved

1. Pain Point: Fragmented financial visibility due to offline-inaccessible tools and manual expense logging. 8udget solves this through always-available offline mode with automated AI categorization.
2. Target Audience:
   • Digital nomads needing offline finance tracking
   • Privacy-focused users requiring local data storage
   • Multi-asset investors tracking stocks/crypto
   • Budget-conscious households managing recurring bills
3. Use Cases:
   • Categorizing cash expenses via receipt scanning in areas with poor connectivity
   • Monitoring investment portfolios during market volatility without latency
   • Importing 12+ months of bank statements for annual spending analysis
   • Setting debt-repayment goals with progress tracking across mobile/desktop

Unique Advantages

1. Differentiation: Unlike cloud-dependent competitors (Mint, YNAB), 8udget operates fully offline with local encryption. Outperforms manual spreadsheet tracking through AI automation while avoiding subscription lock-ins via perpetual free tier.
2. Key Innovation: Combines Flutter's cross-platform efficiency with Rust's memory-safe backend processing. Processes AI tasks locally via on-device ML models rather than cloud APIs, enabling offline functionality uncommon in finance apps.

Frequently Asked Questions (FAQ)

1. Does 8udget work without internet?
   Yes, 8udget operates 100% offline for core features including expense logging, budget tracking, and investment monitoring, with optional cloud sync for multi-device access.
2. How secure is my financial data in 8udget?
   All data uses AES-256 encryption locally, with optional end-to-end encrypted cloud sync. Credentials are stored in platform-specific secure vaults (iOS Keychain/Android Keystore).
3. What happens if I exceed the 50 AI requests in the free plan?
   Additional AI receipt/statement processing requires upgrading to the AI Subscription plan ($5.99/month), which provides 50 monthly AI requests plus unlimited core features.
4. Can I access 8udget on both phone and computer?
   Yes, 8udget supports simultaneous access via iOS, Android, macOS apps, and web browsers with synchronized data through optional encrypted cloud backup.
5. How accurate is the bank statement import feature?
   8udget's AI achieves 80-90% categorization accuracy for imported transactions, with manual override options for incorrect classifications.