Project Description: Firefly III
What is the project about?
Firefly III is a self-hosted personal finance manager. It helps users track their expenses and income, create budgets, and gain insights into their financial habits.
What problem does it solve?
It helps users manage their personal finances by providing a way to track income and expenses, set budgets, and visualize financial data. It solves the problem of not having control and insights of your finances, and helps to stop living from paycheck to paycheck. It offers a privacy-focused alternative to cloud-based financial management tools.
What are the features of the project?
- Self-hosted and isolated (no external server contact unless explicitly configured).
- REST JSON API.
- Recurring transactions.
- Rule-based transaction handling.
- Double-entry bookkeeping system.
- Savings goals ("piggy banks").
- Income and expense reports.
- 2-factor authentication.
- Multi-currency support.
- Docker image available.
- Clear views and easy navigation.
- Charts for data visualization.
What are the benefits of the project?
- Privacy: Data is self-hosted and not shared with third-party services.
- Control: Users have full control over their financial data and how it's managed.
- Insight: Provides clear reports and visualizations to understand spending patterns.
- Flexibility: Supports various currencies and customization through rules.
- Open Source: Free to use and modify, with a community for support and contributions.
- Cost Savings: Helps users identify areas where they can reduce spending.
What are the use cases of the project?
- Individuals wanting to track their personal finances.
- People who prefer self-hosting their data for privacy reasons.
- Users who want to create budgets and track progress towards financial goals.
- Anyone looking for a free and open-source alternative to commercial finance management tools.
