Abstract
Smart home technology is the near future necessity that
aims to provide comfort and security with a minimal cost
by avoiding wasteful expenditure. In this research paper
we have focused on the efficient expense management by
monitoring its timing and quantum of cash outflow. Our
proposed model helps in recording and keeping track of
all types of expenses incurred by the household owner.
The recorded expenses are categorized to provide an
insightful distribution of the total spending. Integration
of smart home with expense management system,
increases the efficiency and effectiveness in the task of
maintaining household budget. In this research paper
the significance and need of such a system is discussed
that helps in significant savings and future planning by
analyzing daily household expenses with available funds.