Financial planning application using MATLAB App Designer

Abstract

This project introduces FinanceMLab, a financial planning application specifically tailored for Singaporeans and Permanent Residents (PRs). It utilizes the capabilities of MATLAB's App Designer. The application serves as an all-in-one pitstop for managing various financial aspects, including salaries, taxes, loans, Central Provident Fund (CPF) contributions, investments, and expense tracking. FinanceMLab simplifies usage by using dynamic calculators that draw on reputable government sources [1], [2]. This ensures precise and consolidated financial planning. The MATLAB modular architecture offers a user-friendly interface, responsive design, graphs, and visualization for financial decision-making. It addresses retirement adequacy concerns and Singapore's rising living costs [3], empowering users to confidently plan their finances, making it an effective tool for Singaporean financial planning.