Method, system, computer program product and business method for budget allocation and account tracking

• US 20040068468A1
• Filed: 10/07/2002
• Published: 04/08/2004
• Est. Priority Date: 10/07/2002
• Status: Abandoned Application

• Current Assignee: Cindy L. North
• Original Assignee: Cindy L. North
• Inventors: North, Cindy L.
• Application Number:
  US10/266,858
• Publication Number:
  US 20040068468A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A method, system and computer program product for budget allocation and account tracking provide enhanced financial management software for households and small businesses. A business method provides service bureaus that use the method and optionally the software to provide personal service. A planning module and an account management module are initialized in an interview process, permitting prioritization of budgetary items that may be fixed or variable. A dual set of registers, one set for budgetary planning and one set for account tracking are initialized and each debit or credit is entered once into each set of registers. The debit/credit entry is entered in the account tracking registers in a register for the account associated with the debit/credit, while the debit/credit entry for the planning registers is entered a category associated with the entry. The software organization allows planning and reporting by category and allocation or reallocation of credits among fixed debits and planned expenses.

Claims

1. A method for financial management, comprising:

first assigning a first set of credit/debit registers corresponding to real funds accounts;

second assigning a second set of credit/debit registers for planned expenditures and income corresponding to categories of said planned expenditures and income;

receiving an credit/debit amount from an input source;

first registering said credit/debit amount within said one of said first set of credit/debit registers; and

second registering said credit/debit amount within said one or more of said second set of credit/debit registers.

2. The method of claim 1, wherein said receiving receives a credit amount, and wherein said second registering allocates said credit amount to one or more debits within said second set of credit/debit registers in response to said receiving.

3. The method of claim 2, wherein said second registering allocates said credit amount to said one or more debits in conformity with a predetermined prioritization of said one or more debits.

4. The method of claim 3, wherein said second set of registers includes fixed and unfixed debit entries, and wherein said second registering comprises:

allocating said credit about to said fixed entries;

computing an excess of said credit about above a total of said fixed entries;

determining whether or not said excess is greater than zero; and

in response to determining that said excess is greater than zero, allocating said excess among said unfixed debit entries.

5. The method of claim 1, wherein said receiving receives a debit amount, and wherein said second registering reallocates funds within said second set of credit/debit registers to conform to an adjusted balance that includes said received debit amount in response to said receiving.

6. The method of claim 1, wherein said debit amount is an on-line purchase amount, and wherein said method further comprises:

initiating an on-line shopping session on a network browser;

generating an entry form associated with said on-line shopping session for receiving information corresponding to said on-line shopping session, and wherein said receiving receives a user input from said entry form corresponding to said debit amount.

7. The method of claim 1, wherein said receiving further receives purchase shipment tracking information from said entry form, and wherein said method further comprises reminding said user of said shipment at a time subsequent to said purchase.

8. The method of claim 1, wherein said debit amount is a remote purchase amount, and wherein said method further comprises registering said remote purchase amount with a personal digital assistant, and wherein said receiving comprises downloading information corresponding to said remote purchase, said information including said remote purchase amount.

9. The method of claim 1, further comprising:

first interviewing a user to determine real account information;

in response to a result of said first interviewing, initiating said first set of credit/debit registers;

second interviewing a user to determine planned expenditures; and

in response to a result of said second interviewing, initiating said second set of credit/debit registers.

10. The method of claim 9, wherein said second interviewing receives a set of priorities from said user and assigns said priorities within said second set of credit/debit registers.

11. A computer system comprising:

a processor for executing server program instructions; and

a memory coupled to said processor for storing said server program instructions, wherein said server program instructions comprise program instructions for;

first assigning a first set of credit/debit registers corresponding to real funds accounts,

second assigning a second set of credit/debit registers for planned expenditures and income corresponding to categories of said planned expenditures and income,

receiving an credit/debit amount from an input source,

first registering said credit/debit amount within said one of said first set of credit/debit registers, and second registering said credit/debit amount within said one or more of said second set of credit/debit registers.

12. The computer system of claim 11, wherein said program instructions for receiving receive a credit amount, and wherein said program instructions for second registering allocate said credit amount to one or more debits within said second set of credit/debit registers in response to said receiving.

13. The computer system of claim 12, wherein said program instructions for second registering allocate said credit amount to said one or more debits in conformity with a predetermined prioritization of said one or more debits.

14. The computer system of claim 13, wherein said second set of registers includes fixed and unfixed debit entries, and wherein said program instructions for second registering comprise program instructions for:

allocating said credit about to said fixed entries;

computing an excess of said credit about above a total of said fixed entries;

determining whether or not said excess is greater than zero; and

in response to determining that said excess is greater than zero, allocating said excess among said unfixed debit entries.

15. The computer system of claim 11, wherein said program instructions for receiving receive a debit amount, and wherein said program instructions for second registering reallocate funds within said second set of credit/debit registers to conform to an adjusted balance that includes said received debit amount in response to said receiving.

16. The computer system of claim 11, wherein said debit amount is an on-line purchase amount, and wherein said program instructions further comprise program instructions for:

initiating an on-line shopping session on a network browser executing within the computer system; and

generating an entry form associated with said on-line shopping session for receiving information corresponding to said on-line shopping session, and wherein said program instructions for receiving receive a user input from said entry form corresponding to said debit amount.

17. The computer system of claim 11, wherein said program instructions for receiving further receive purchase shipment tracking information from said entry form, and wherein said program instructions further comprise program instructions for reminding said user of said shipment at a time subsequent to said purchase.

18. The computer system of claim 11, wherein said debit amount is a remote purchase amount, and wherein said program instructions for receiving further comprise program instructions for downloading information corresponding to said remote purchase from a personal digital assistant, said information including said remote purchase amount.

19. The computer system of claim 11, wherein said program instructions further comprise program instructions for:

first interviewing a user to determine real account information;

in response to a result of said first interviewing, initiating said first set of credit/debit registers;

second interviewing a user to determine planned expenditures; and

in response to a result of said second interviewing, initiating said second set of credit/debit registers.

20. The computer system of claim 19, wherein said program instructions for second interviewing receive a set of priorities from said user and assign said priorities within said second set of credit/debit registers.

21. A computer program product comprising signal-bearing media encoding program instructions for execution within a general-purpose computer system, wherein said program instructions comprise program instructions for:

first assigning a first set of credit/debit registers corresponding to real funds accounts,

second assigning a second set of credit/debit registers for planned expenditures and income corresponding to categories of said planned expenditures and income,

receiving an credit/debit amount from an input source,

first registering said credit/debit amount within said one of said first set of credit/debit registers, and second registering said credit/debit amount within said one or more of said second set of credit/debit registers.

22. The computer program product of claim 21, wherein said program instructions for receiving receive a credit amount, and wherein said program instructions for second registering allocate said credit amount to one or more debits within said second set of credit/debit registers in response to said receiving.

23. The computer program product of claim 22, wherein said program instructions for second registering allocate said credit amount to said one or more debits in conformity with a predetermined prioritization of said one or more debits.

24. The computer program product of claim 23, wherein said second set of registers includes fixed and unfixed debit entries, and wherein said program instructions for second registering comprise program instructions for:

allocating said credit about to said fixed entries;

computing an excess of said credit about above a total of said fixed entries;

determining whether or not said excess is greater than zero; and

in response to determining that said excess is greater than zero, allocating said excess among said unfixed debit entries.

25. The computer system of claim 21, wherein said program instructions for receiving receive a debit amount, and wherein said program instructions for second registering reallocate funds within said second set of credit/debit registers to conform to an adjusted balance that includes said received debit amount in response to said receiving.

26. The computer program product of claim 21, wherein said debit amount is an on-line purchase amount, and wherein said program instructions further comprise program instructions for:

initiating an on-line shopping session on a network browser executing within the computer system; and

generating an entry form associated with said on-line shopping session for receiving information corresponding to said on-line shopping session, and wherein said program instructions for receiving receive a user input from said entry form corresponding to said debit amount.

27. The computer program product of claim 21, wherein said program instructions for receiving further receive purchase shipment tracking information from said entry form, and wherein said program instructions further comprise program instructions for reminding said user of said shipment at a time subsequent to said purchase.

28. The computer program product of claim 21, wherein said debit amount is a remote purchase amount, and wherein said program instructions for receiving further comprise program instructions for downloading information corresponding to said remote purchase from a personal digital assistant, said information including said remote purchase amount.

29. The computer program product of claim 21, wherein said program instructions further comprise program instructions for:

first interviewing a user to determine real account information;

in response to a result of said first interviewing, initiating said first set of credit/debit registers;

second interviewing a user to determine planned expenditures; and

in response to a result of said second interviewing, initiating said second set of credit/debit registers.

30. The computer program product of claim 29, wherein said program instructions for second interviewing receive a set of priorities from said user and assign said priorities within said second set of credit/debit registers.

31. A method of doing business from a service bureau that provides financial management services, comprising:

receiving credit and debit information from a client;

first assigning a first set of credit/debit registers corresponding to real funds accounts;

second assigning a second set of credit/debit registers for planned expenditures and income corresponding to categories of said planned expenditures and income;

first registering said credit and debit information within said first set of credit/debit registers; and

second registering said credit and debit information within said second set of credit/debit registers.

32. The business method of claim 31, wherein said first and second assigning and said first and second registering are performed by a computer system, wherein said receiving is performed by a human agent of said service bureau, and wherein the business method further comprises entering said credit and debit information in said computer system.

33. The business method of claim 31, further comprising:

first interviewing a client to determine real account information;

in response to a result of said first interviewing, initiating said first set of credit/debit registers;

second interviewing a user to determine planned expenditures; and

in response to a result of said second interviewing, initiating said second set of credit/debit registers.

34. The business method of claim 33, wherein said second interviewing receives a set of priorities from said user and assigns said priorities within said second set of credit/debit registers.

35. The business method of claim 33, wherein said method is performed in conjunction with a computer system that receives input of information from said first and second interviewing and performs said first and second initiating in response to said receiving input of information from said first and second interviewing.