Context

This Data is from a crash course on Davidson

Content

It contains personal transactions on credit and debit transactions.

Acknowledgements

Thanks to DAVIDSON

Inspiration

This data can be analysed to answer questions like the total expenses incurred, the total income etc..

Context

I wanted to make this finance data about US representatives (very generous of OpenSecrets.org to provide that) available to all for easy data analysis & data science.

Content

This dataset contains the personal finance details of US representatives (Senate, House & the Executive) on the following topics from 2004 to 2016 (varying date ranges for different topics) : * Agreements * Assets * Compensation * Gifts * Honoraria * Income * Liability * Positions * Transactions * Travel

For each of these topics, it has exact amounts or amount ranges, details about the topic like asset type, asset income, industry, sector, etc. & candidate information including candidate name, party, chamber & state & district. There is also information about the members of the 113th, 114th & 115th congress along with congressional committees.

You can find the official Data Dictionary Data Dictionary & the User Guide

Acknowledgements

The source of this data is the Bulk data at https://www.opensecrets.org/

Documentation : https://www.opensecrets.org/open-data/bulk-data-documentation

Please follow the Terms Of Service for using this data : https://www.opensecrets.org/open-data/terms-of-service

Inspiration

I hope that we can analyze this data & understand more about the personal finance of US representatives to help us all going forward. Some questions to be answered : * Which candidates have the highest/lowest net worth? * What kind of investments & in which industry/sector do candidates that you are interested in have? * What are the trends that we in terms of income, investments, etc. for different chambers/parties?

A comprehensive personal finance dataset tracking 806 transactions across multiple accounts with detailed categorization of spending patterns over time. Includes credit and debit transactions across categories like food & dining, home improvement, groceries, and more.

This dataset contains real-world personal finance transactions spanning approximately two years (2018-2019). It tracks spending across checking accounts and credit cards, with transactions categorized into areas like food & dining, home improvement, utilities, and entertainment. The data demonstrates typical financial patterns including recurring expenses, occasional splurges, and regular income deposits. Analysts can use this dataset to practice:

Monthly budget tracking Spending category analysis Credit vs. debit transaction patterns Seasonal spending detection Financial visualization techniques

This dataset is ideal for data science beginners looking to practice financial analysis or for those interested in personal finance management techniques.

Column Name | Description Date | The transaction date in YYYY-MM-DD format. Description | A brief label or name of the transaction (e.g., Walmart, Netflix, Salary). Amount | The value of the transaction. Positive for both debits and credits. Transaction Type | Specifies whether the transaction is a debit (expense) or credit (income/refund). Category | Group/category assigned to the transaction (e.g., Rent, Groceries, Dining Out). Account Name | The account or payment method used (e.g., Visa Credit Card, Checking, Cash). Month | Extracted from the Date column in YYYY-MM format, used for monthly trend analysis.

This statistic presents the finance management methods used by Great Britain's population ten years ago (data from autumn 2004), now and the methods predicted to be used in five years time, as of February 2014. Ten years ago Britons were not using smartphone apps or tablet devices to manage their finances. Instead most (75 percent) visited a branch of the bank or building society. Five years from now, 20 percent of respondents expect to manage their finances on a tablet device.

Snapshot img

Personal Finance Software Market Size 2024-2028

The personal finance software market size is valued to increase by USD 296.46 million, at a CAGR of 4.76% from 2023 to 2028. Increasing use of smartphones and mobile devices will drive the personal finance software market.

Market Insights

North America dominated the market and accounted for a 38% growth during the 2024-2028.
By End-user - Home business users segment was valued at USD 531.67 million in 2022
By Product - Web-based software segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 0 million 
Market Future Opportunities 2023: USD 0 million
CAGR from 2023 to 2028 : 4.76%

Market Summary

The market witnesses significant growth driven by the increasing use of smartphones and mobile devices for financial management. This trend is fueled by the convenience and accessibility that mobile applications offer, enabling users to monitor their expenses, manage their budgets, and track their investments in real-time. Furthermore, the adoption of advanced technologies such as artificial intelligence (AI) and machine learning (ML) is transforming personal finance software, providing users with personalized financial insights and automated financial planning. Despite these market drivers, the high cost of personal finance software remains a challenge for some consumers. However, businesses are finding ways to address this issue by offering freemium models and subscription-based pricing structures. For instance, a large retailer may use personal finance software to optimize its supply chain by accurately forecasting demand based on customers' spending patterns. This not only improves operational efficiency but also enhances customer satisfaction by ensuring the availability of popular products. In summary, the market is experiencing robust growth due to the increasing adoption of mobile devices and advanced technologies. Despite the high cost being a challenge, businesses are finding creative solutions to make these tools accessible to a wider audience. The integration of AI and ML is revolutionizing the industry, offering personalized financial insights and automated financial planning to users.

What will be the size of the Personal Finance Software Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market continues to evolve, offering businesses advanced tools for managing financial operations and enhancing financial literacy. One notable trend is the integration of user privacy protections and multi-currency support. According to recent research, companies have witnessed a significant increase in user adoption due to these features. Balance sheet creation, income statement generation, and loan amortization schedules are now standard offerings. Moreover, portfolio diversification tools, transaction reconciliation, and budget automation are essential for effective financial management. Long-term financial projections, estate planning software, and retirement savings projections are crucial for strategic planning. Financial statement analysis and investment return analysis provide valuable insights for decision-making. Customer support channels, investment risk management, and debt reduction strategies further strengthen the software's value proposition. Report customization options, API integrations, and financial goal tracking enable businesses to tailor their financial management processes. Budgeting and expense report generation facilitate effective cost control, while financial account linking streamlines the data collection process. Personal finance dashboards offer a comprehensive view of financial health. Incorporating user privacy protections ensures data security, a critical concern for businesses. Financial literacy tools help users make informed decisions, contributing to overall financial well-being. In conclusion, the market's continuous evolution offers businesses advanced tools for managing financial operations, enhancing financial literacy, and making informed decisions. The integration of user privacy protections and multi-currency support has significantly boosted user adoption. These features, along with other offerings such as balance sheet creation, income statement generation, and loan amortization schedules, contribute to effective financial management.

Unpacking the Personal Finance Software Market Landscape

The market encompasses a range of business solutions designed to streamline financial management for individuals and households. Two key areas of growth include account aggregation services, which enable users to consolidate financial information from multiple sources, and expense tracking applications, which help improve cost control by automating transaction categorization and enabling real-time budgeting. Sa

Discover the booming personal finance services market! Our analysis reveals a $150B market in 2025, projected to reach $450B by 2033, driven by fintech innovation and rising demand. Learn about key trends, regional growth, and leading companies shaping this dynamic industry.

United States CSI: Current Personal Finance data was reported at 135.000 1966=100 in Sep 2018. This records an increase from the previous number of 133.000 1966=100 for Aug 2018. United States CSI: Current Personal Finance data is updated monthly, averaging 111.000 1966=100 from Jan 1978 (Median) to Sep 2018, with 489 observations. The data reached an all-time high of 142.000 1966=100 in Mar 2018 and a record low of 58.000 1966=100 in Aug 2009. United States CSI: Current Personal Finance data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s United States – Table US.H025: Consumer Sentiment Index. The question was: We are interested in how people are getting along financially these days. Would you say that you (and your family living there) are better off or worse off financially than you were a year ago?

Personal Finance Software Market Outlook

According to our latest research, the global personal finance software market size reached USD 1.29 billion in 2024, driven by the growing adoption of digital financial tools and rising consumer demand for financial literacy solutions. The market is set to expand at a robust CAGR of 5.8% from 2025 to 2033, propelling the market to a forecasted value of USD 2.16 billion by the end of 2033. This sustained growth is primarily due to the increasing penetration of smartphones, the proliferation of internet access, and a heightened focus on personal wealth management and budgeting among individuals and small businesses worldwide. As per the latest research, the marketÂ’s momentum is further bolstered by technological advancements and the integration of artificial intelligence and machine learning into personal finance platforms, which enhance user experience and offer more personalized financial insights.

One of the key growth factors propelling the personal finance software market is the rising consumer awareness regarding the importance of financial planning and management. The ongoing shift towards digital banking and cashless transactions has made it increasingly essential for individuals to track their finances, budget effectively, and plan for future investments. As a result, consumers are turning to personal finance software for features such as automated expense tracking, real-time account synchronization, and goal-setting tools. The proliferation of user-friendly mobile applications and web-based platforms has further democratized access to financial management tools, making them more accessible to a broader demographic, including millennials and Gen Z, who are particularly tech-savvy and value financial independence.

Another significant driver is the integration of advanced technologies such as artificial intelligence, machine learning, and data analytics into personal finance software. These technologies enable platforms to provide personalized recommendations, predictive analytics, and automated insights into spending habits, investment opportunities, and risk factors. AI-driven chatbots and virtual financial advisors are increasingly being adopted to enhance customer support and deliver tailored advice, thereby improving user engagement and retention. The ability to aggregate data from multiple financial accounts and provide a holistic view of an individualÂ’s financial health is a compelling value proposition that continues to drive adoption among both individual consumers and small businesses. Furthermore, the rise of open banking initiatives and APIs has facilitated seamless integration between personal finance software and various financial institutions, enhancing interoperability and user experience.

The growing need for compliance and regulatory adherence, particularly in regions with stringent data privacy laws, is also shaping the evolution of the personal finance software market. Software providers are investing heavily in robust security features, encryption protocols, and compliance frameworks to ensure the safety and confidentiality of user data. This focus on security is particularly critical as cyber threats and financial fraud become more sophisticated. Additionally, the emergence of cloud-based deployment models has allowed vendors to offer scalable and cost-effective solutions that cater to a diverse range of users, from individuals to large enterprises. The ability to access financial data and management tools from anywhere, at any time, is a significant advantage driving the shift towards cloud-based platforms.

The rise of Financial Advisory Software is also playing a pivotal role in the evolution of personal finance management. These sophisticated tools are designed to offer comprehensive financial planning services, enabling users to make informed decisions about their investments, savings, and expenditures. By integrating with personal finance software, financial advisory platforms can provide users with a holistic view of their financial health, incorporating data from various sources to deliver tailored advice and strategies. This synergy not only enhances user experience but also empowers individuals and small businesses to achieve their financial goals with greater precision and confidence.

From a regional perspective, North America currently dominates the personal

This dataset provides detailed, household-level records of income and expenses, including transaction categories, payment methods, recurrence patterns, and basic household demographics. It enables comprehensive budgeting analysis, supports financial literacy initiatives, and can power personalized financial recommendations and research into household spending habits.

In 2023, Capital One led the personal finance apps market in the United States, achieving an aided brand awareness of 59.73 percent among consumers. TurboTax followed with 53.17 percent awareness and Credit Karma reported 48.42 percent.

According to Cognitive Market Research, the global personal financial service market size was USD 19245.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7698.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5773.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4426.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 962.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 384.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
The cloud-based category is the fastest growing segment of personal financial service industry

Market Dynamics of Personal Financial Service Market

Key Drivers for Personal Financial Service Market

An Increasing Consciousness Regarding the Need for Proficient Handling of Finances to Boost Market Growth

The personal financial service market has experienced growth because of the increased understanding of the significance of effective financial governance. It is increasingly vital for individuals to take charge of their economic well-being, whether through managing their finances, savings, investments, or spending, and this is becoming more widely acknowledged. Customers may better secure and succeed financially by using personal finance technology, giving them the statistical information and resources they need to match their expenditures with their intentions and establish effective financial choices. For instance, the most popular personal finance program in America, Quicken, has released Quicken Classic Business & Personal for Macintosh. The novel solution is the exclusive solution that enables customers to conveniently monitor their financial activities, including investing and business financial performance.

Development of New Commercial Financing to Drive Market Growth

The personal financial service market has witnessed steady growth due to the rapid growth of novel commercial financing strategies. When the company grows to the point where it looks for new opportunities to increase profits, that is recognized as company growth. Through enhancing client satisfaction, boosting virtual channel utilization, generating innovative financial solutions, bolstering protection, and boosting efficiency, finance devices keep driving the finance services sector ahead. Consequently, the industry for investment financing software is expanding due to the increased popularity of established instruments and new commercial strategies.

Restraining Factor for the Personal Financial Service Market

Growing Worries for Protection Will Limit Market Growth

The growth of markets is hampered by the increase in hackers targeting personal finance applications in efforts to obtain customers personal information. Because of its limitations in terms of data availability and acceptance, organizations' emphasis on legacy systems constructed using antiquated technology may impede the development of the personal finance software industry. Individuals might have trouble easily connecting their profiles since these systems might not be compatible or require certain Interfaces. Individuals who are concerned about data security could also be hesitant to adopt legacy systems because of how easily they can be hacked. It might also be difficult for consumers to embrace contemporary personal financial software due to these organizations' sluggish innovation and upgrade cycles.

Opportunity for the Personal Financial Service Market

The integration of AI-powered financial planning will be an opportunity for market growth.

The integration of AI-powered financial planning tools presents a significant opportunity for the personal finance service market. By leveraging machine learning algorithms and data analysis...

Dataset

This dataset was created by Abhilasha Yagyaseni

Contents

Explore the booming Personal Finance Management Software market, projected to exceed $2.2 billion by 2025 with a 4.7% CAGR. Discover key drivers, trends, and leading software solutions for individuals and businesses.

Personal Finance Dataset – Data Cleaning & EDA

  Overview

This project focuses on performing data cleaning, exploratory data analysis (EDA), and outlier detection on a synthetic personal finance dataset from Kaggle.The goal is to understand the dataset, detect patterns, identify anomalies, and prepare the data for further modeling or analysis.

  Dataset Description

The dataset contains personal finance information.

Source: Kaggle Personal Finance ML Dataset… See the full description on the dataset page: https://huggingface.co/datasets/asafmak/personal-finance-ml-dataset.

Dataset used in the working paper: What leads people to tolerate negative interest rates on their savings? Evidence from a Quasi-Experiment

Personal Financial Management 2.0 Market Outlook

As per our latest research, the Personal Financial Management 2.0 market size reached USD 2.84 billion in 2024, reflecting the robust adoption of next-generation financial tools and platforms globally. The market is projected to expand at a CAGR of 13.7% from 2025 to 2033, reaching an estimated value of USD 8.77 billion by 2033. This remarkable growth is driven by the increasing demand for advanced financial planning, the integration of artificial intelligence, and the rising trend of digitalization in personal finance management.

The rapid evolution of digital technologies is a primary growth driver for the Personal Financial Management 2.0 market. With the proliferation of smartphones and the widespread adoption of high-speed internet, consumers are increasingly seeking intelligent solutions to manage their finances efficiently. The integration of artificial intelligence and machine learning algorithms into personal financial management software has enabled predictive analytics, automated budgeting, and personalized financial insights, which significantly enhance user experience. Moreover, the shift towards a cashless society and the growing emphasis on financial literacy have propelled the demand for intuitive and user-friendly financial management tools.

Another key growth factor is the increasing focus on security and data privacy within the financial sector. As individuals and small businesses entrust sensitive financial data to digital platforms, robust encryption, multi-factor authentication, and compliance with international data protection standards have become critical. Vendors in the Personal Financial Management 2.0 market are investing heavily in cybersecurity measures and transparent privacy policies to build trust among users. This trend has not only attracted new customers but has also encouraged existing users to deepen their engagement with these platforms, thereby expanding the market’s revenue base.

The surge in partnerships between fintech firms and traditional financial institutions is also accelerating market growth. Financial institutions, recognizing the value of digital transformation, are integrating advanced personal finance management solutions into their service offerings. This collaboration enables banks and credit unions to provide their customers with holistic financial planning, real-time expense tracking, and investment management capabilities. As a result, the market is witnessing increased adoption across diverse end-user segments, including individuals, small businesses, and financial institutions, further fueling its expansion.

From a regional perspective, North America continues to dominate the Personal Financial Management 2.0 market, accounting for the largest share in 2024 due to its mature fintech ecosystem and high consumer awareness. However, the Asia Pacific region is emerging as the fastest-growing market, driven by a burgeoning middle class, rapid urbanization, and government initiatives to promote digital financial inclusion. Europe, too, is witnessing steady growth, supported by regulatory frameworks such as PSD2, which encourage open banking and innovation in financial services. Meanwhile, Latin America and the Middle East & Africa are gradually adopting digital personal finance tools, albeit at a slower pace, due to infrastructural and regulatory challenges.

Component Analysis

The Personal Financial Management 2.0 market by component is broadly divided into software and services, with software commanding a significant share of the market. The software segment, encompassing mobile applications, web-based platforms, and desktop solutions, is witnessing exponential growth due to the increasing demand for self-service financial management tools. These platforms offer a wide range of functionalities such as budgeting, expense tracking, and investment management, all powered by advanced analytics and AI-driven insights. The continuous updates and feature enhancements provided by

The Global Personal Finance Apps Market Size Was Worth USD 101.75 Billion in 2023 and Is Expected To Reach USD 675.08 Billion by 2032, CAGR of 23.40%.

The Survey of Consumer Finances (SCF) is normally a triennial cross-sectional survey of U.S. families. The survey data include information on families' balance sheets, pensions, income, and demographic characteristics.

The global Personal Financial Management (PFM) software market is poised for significant expansion, currently valued at an estimated $2,206.5 million. This robust market is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.7% over the forecast period of 2025-2033. This sustained growth is primarily driven by an increasing consumer focus on financial well-being, a growing need for sophisticated budgeting and investment tools, and the rising adoption of digital financial services. The convenience and accessibility offered by PFM software in managing personal finances, from debt reduction and credit monitoring to intricate taxation planning, are key catalysts. Furthermore, the proliferation of mobile devices and the development of user-friendly browser-based platforms are democratizing access to these powerful financial management solutions. The PFM software market is witnessing a dynamic shift with a strong emphasis on enhanced user experience and personalized financial advice. Key trends include the integration of AI-powered insights for proactive financial guidance, the development of open banking APIs to facilitate seamless data aggregation from multiple financial institutions, and a growing demand for specialized features catering to distinct user needs, such as advanced investment management and streamlined debt repayment strategies. While the market is ripe with opportunity, it is not without its challenges. Intense competition among established players and emerging startups, coupled with concerns around data security and privacy, represent significant restraints. However, the overarching trend towards greater financial literacy and the desire for efficient financial control are expected to propel the market forward, with North America and Europe currently leading in adoption, but Asia Pacific showing immense potential for rapid growth. This report delves into the dynamic Personal Financial Management (PFM) software market, offering a comprehensive analysis from the historical period of 2019-2024, through the estimated base year of 2025, and projecting forward to 2033. We will explore market dynamics, key trends, regional dominance, product innovations, and critical growth drivers and restraints, supported by industry-specific data in millions of dollars.

The global personal finance software market size was USD 1.39 billion in 2024 & is projected to grow from USD 1.48 billion in 2025 to USD 2.39 billion by 2033.
Report Scope: