Venutius

The ability to personalize a users own profile is an important part of a social network. This plugin is designed to deliver a key profile page personalization feature.
It installs a widget that is only visible in the members profile pages that allows users to select up to four Text Widgets, four Video Widgets, My Posts, My Groups, My Friends, Who I’m following and Who I’m followed By. The widget order can be easily rearranged using a simple drag and drop interface.
The default install configuration is to have all of the widgets empty and hidden, however the site admin can save a widget configuration to be used as the default/preset setup for all users who have not configured their own widgets.
This plugin can be used for both BP Legacy and BP Nouveau themes, it is optimized for sidebars. Only one instance of the widget is supported.
Text Widgets – Provide a full featured TinyMCE text editor, if the use has video upload capability then the Media interface is also enabled.
Video Widget – Allow links from YouTube and other video hosting sites to be added.
WordPress Posts Widget – display the users latest post links and thumbnail.
The following features need BuddyPress to be active.
BuddyPress Groups – Adds a list of groups the user is a member of.
BuddyPress Friends – Adds a friends list.
The following features need BP Follow to be active.
Who I’m following – Lists recently active members the user is following.
Who’s Following Me – Lists recently active followers.
Another plugin that helps with profile personalization is BuddyDev’s 
* <a href="https://buddydev.com/plugins/bp-custom-background-for-user-profile/" rel="nofollow ugc">BP Custom Background for User Profile</a>

BP User Widgets

Add user editable widgets to profile pages with a widgets for text, video, buddypress friends and groups, as well as followed and followiing.

aghajoon

show BuddyPress user notification when users mark as favorite activity

BP User Widgets vs Bp Favorite Notifications