In the modern economic era, households have become one of the most significant corporate entities, and personal finances are essential management-related topics. Effective management of personal finances at a family level is really important to address all the financial related issues in an organized way. Any automated budget management system can help a family to utilize their incoming income in an efficient way. In this paper, we try to address the potential researches that were carried out considering the budget management related issues with a strong focus on family budget management.