1. Product Name

BudgetPal

Split rent. Track spend. Stress less.

2. Problem Statement

Students in the U.S., especially those living in shared apartments, face constant friction around managing shared rent, utilities, and food costs. Apps like Venmo and Splitwise handle simple splits but lack budgeting support, monthly overviews, or roommate-focused features. International students face even more difficulty with currency conversion, inconsistent spending habits, and unclear visibility into shared vs personal expenses.

3. Target User

• Primary: International and domestic students (ages 18–28) living in shared apartments or dorms in the U.S.
• Secondary: Young professionals with roommates, newly arrived immigrants, and financially conscious Gen Z renters

4. Vision Statement

To become the go-to budgeting and expense-splitting companion for students and shared households — empowering them to manage rent, track group expenses, and stay financially confident throughout the semester.

5. Value Proposition

• Clarity: Separate personal vs shared expenses with intuitive tagging.
• Control: Get monthly budgeting alerts before overspending.
• Convenience: Automatic rent splits, reminders, and USD to INR conversion for international students.
• Collaboration: A shared expense ledger that syncs across roommates in real time.