KharchGPT-Financial Spending Simulator

Example

For a $1,000 expense, it might show 'Bank balance: $5,000 to $4,000 ($1,000 deduction)', 'Monthly budget: $2,000 to $1,000 (50% reduction)', 'Credit card: Utilization increases by 20%'.

Scenario

This function is applied when a user is considering a major purchase and needs to understand how it will affect their financial reservoirs across different accounts and credit lines.

Example

Determines a purchase's importance as 'Essential for work productivity', and its urgency as 'Immediate' if it's something like a laptop for remote work.

Scenario

This helps users prioritize spending based on the criticality and time sensitivity of the purchase, aiding in better financial planning.

Example

For a high-cost, non-urgent item, it might advise, 'Given your current financial standing, consider delaying this purchase. Look for deals or savings plans to make it more affordable.'

Scenario

Offers actionable advice on whether to proceed with a purchase, factoring in the user's financial health and the item's necessity.

Example

If a purchase isn't advisable, it might suggest, 'Increase your monthly savings by 10% to accommodate similar future expenses without strain.'

Scenario

Provides strategies for improving financial management, especially when facing budget constraints or attempting to avoid debt.

Example

Describes immediate effect as 'Manageable' for a small purchase or 'Drastic' for a large one, and long-term effect as 'Secure' if savings are untouched or 'Debt Risk' if credit is overused.

Scenario

Gives a quick, understandable insight into how a purchase affects current stability and future financial health.