DESIGNING A SOLUTION TO ASSIST INDIVIDUALS WITH MANAGING THEIR FINANCIAL PURCHASES

Abstract

Access to technology and financial resources is crucial for career growth in today's digital age. Young Indians face significant financial barriers and constraints that hinder their ability to pursue their goals, leading to mental health issues. To address this issue, this study aims to design a solution that empowers young people with access to necessary products and resources while promoting financial independence. Existing financial management tools are not tailored to meet the specific needs of younger people, creating a research gap that needs to be addressed. The proposed solution involves designing and developing a platform that enables young people to manage their finances effectively, access necessary products, and promote financial literacy. The development process includes user research, prototyping, and user testing to ensure that the platform meets the needs of its target users. It aims to promote financial independence, improve mental well-being, and enable young people to utilize their full potential without worrying about immediate financial constraints. The platform will provide users with access to essential products required for growth and promote financial literacy and management. The study concludes that promoting financial independence among young Indians is crucial to their mental well-being and decision-making. The proposed solution provides a platform for managing finances effectively, accessing necessary products, and promoting financial literacy, enabling young people to achieve their goals and improve their quality of life.