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Saber

Budget Buddy

By: Andrew Arteaga, Ryan Austin Mangilin, Brandon Do, Sergey Hambardzumyan, Aung Kyaw

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Problem

  • It can be difficult to visualize your expenses and budget your income accordingly
  • Often times if spending is not monitored, entire paychecks may be spent in a little amount of time
  • For people with multiple credit cards it may be hard to keep track of every cards’ charges
  • It may be difficult to access other budgeting methods on the go

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Demo

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Business Model

  • Ads will be placed around the website to generate revenue
  • We want to avoid other options such as subscriptions and payments to stay true to the goal of the budget buddy, to manage income wisely
  • Possible payment feature similar to Venmo or Zelle

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Market Size

  • Target audience
    • Young Adults (19-25)
    • Adults (26-34)
  • US population distribution for target audience (2021)
    • Young Adults (19-25) - 8.5%
    • Adults (26-34) - 12.3%
    • Total - 20.8% (67,022,400 people)
  • Estimated Users
    • Assuming 10% with good marketing
    • 6,702,240 people per year

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Revenue?

  • Cost Per Mile
    • For every thousand views the advertisers would pay $2.00 (whatever price publisher wants the ad to be)
  • Cost Per Click
    • For every click onto an ad page is $0.50
  • Estimated Users /yr * Cost Per Mile
    • $13,404.48 per thousand ad views
  • Estimated Users /yr* Cost Per Click
    • $3,351,120 per click

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Break Even

  • Currently the project was worked on for free by developers
  • Assuming AWS cost is about $10.08/mo
  • Assuming monthly revenue of
    • $1,117.04/mo per thousand ad views
    • $2,792.60/mo per ad click assuming 1% click rate
    • Total = $3,909.64/mo

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Team

  • Andrew Arteaga
    • Full-stack Developer
  • Brandon Do
    • Frontend Developer
  • Sergey Hambardzumyan
    • Backend Developer
  • Ryan Austin Mangilin
    • Backend Developer
  • Aung Kyaw
    • Frontend Developer