PERSONAL OR FAMILY FINANCIAL ACCOUNTING AND MANAGEMENT SYSTEM

• US 20090024540A1
• Filed: 07/28/2008
• Published: 01/22/2009
• Est. Priority Date: 04/05/2001
• Status: Active Grant

• Current Assignee: Elaine G. Ryder
• Original Assignee: Elaine G. Ryder
• Inventors: Ryder, Lee
• Granted Patent: US 8,099,350 B2
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/10 Tax strategies
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A method for determining a state of personal finances includes establishing a personal finance code. The personal finance code includes amounts associated with a set of sources of income and amounts associated with a set of uses of funds. The personal finance code includes amounts associated with a set of asset categories. The set of asset categories include income producing assets, income consuming assets, and non-producing income producing assets. The method also includes determining a set of guidelines associated with the personal finance code. The set of guidelines is associated with at least one time period. In addition, the method includes deriving a comparison between the set of guidelines and a set of fiscal behaviors. The set of fiscal behaviors is associated with the at least one time period. The method further includes projecting the comparison over at least one subsequent time period to determine a projected effect. The projected effect includes a relative valuation of assets in at least one of the set of asset categories.

Claims

1. A method for determining a state of personal finances, the method comprising:

establishing a personal finance code, the personal finance code including amounts associated with a set of sources of income and amounts associated with a set of uses of funds, the personal finance code including amounts associated with a set of asset categories, the set of asset categories including income producing assets, income consuming assets, and non-producing income producing assets;

determining a set of guidelines associated with the personal finance code, the set of guidelines associated with at least one time period;

deriving a comparison between the set of guidelines and a set of fiscal behaviors, the set of fiscal behaviors associated with the at least one time period; and

projecting the comparison over at least one subsequent time period to determine a projected effect, the projected effect including a relative valuation of assets in at least one of the set of asset categories.

2. The method of claim 1, wherein the comparison comprises a set of differences between the set of guidelines and the set of fiscal behaviors.

3. The method of claim 2, wherein projecting comprises multiplying the set of differences by a number of subsequent time periods.

4. The method of claim 1, wherein the amounts associated with the set of expected sources of income and the amounts associated with the expected uses of funds are based on annual periods.

5. The method of claim 4, wherein the at least one time period includes a first month.

6. The method of claim 5, wherein the at least one subsequent time period includes a second month.

7. The method of claim 5, wherein the at least one subsequent time period includes a subsequent year.

8. The method of claim 1, wherein the method is implemented in a program of instructions executable by computation circuitry.

9. The method of claim 1, wherein the set of asset categories further includes neutral assets.

10. A method of determining a state of personal finance, the method comprising:

entering a personal finance code into entry tables implemented by software implemented by a computational circuitry, the personal finance code including amounts associated with a set of expected sources of income and amounts associated with a set of expected uses of funds, the personal finance code including amounts associated with each asset category of a set of asset categories, the set of asset categories including income producing assets, income consuming assets, and non-producing income producing assets;

changing an entry of the entry tables to change an element of the personal finance code, the entry and element associated with at least one of the amounts associated with the set of expected sources of income, at least one of the amounts associated with the set of expected uses of funds, or an amount associated with one of the asset categories of the set of asset categories; and

projecting a relative valuation of each asset category of the set of asset categories based at least in part on changing the entry using the software implemented by the computational circuitry.

11. The method of claim 10, wherein changing the entry includes changing an entry associated with the at least one of the amounts associated with the set of expected uses funds.

12. The method of claim 10, wherein changing the entry includes changing an entry associated with the at least one of the amounts associated with the set of expected sources of income.

13. The method of claim 10, wherein changing the entry includes changing an entry associated with the at least one amount associated the set of asset categories.

14. The method of claim 10, wherein changing the entry includes changing an entry associated with the amount associated with the one of the asset categories of the set of asset categories.

15. The method of claim 10, wherein the set of asset categories further includes neutral assets.

16. A computer readable media comprising software instructions operable by a processor to implement a method for determining a state of personal finances, the method comprising:

establishing a personal finance code, the personal finance code including amounts associated with a set of expected sources of income and amounts associated with a set of expected uses of funds, the personal finance code including amounts associated with a set of asset categories, the set of asset categories including income producing assets, income consuming assets, and non-producing income producing assets;

determining a set of budgetary guidelines associated with the personal finance code, the set of budgetary guidelines associated with at least one time period;

deriving a comparison between the set of budgetary guidelines and a set of fiscal behaviors, the set of fiscal behaviors associated with the at least one time period; and

projecting the comparison over at least one subsequent time period to determine a projected effect, the projected effect including a relative valuation of assets in at least one of the set of asset categories.

17. The computer readable media of claim 16, wherein the comparison comprises a set of differences between the set of budgetary guidelines and the set of fiscal behaviors.

18. The computer readable media of claim 17, wherein projecting comprises multiplying the set of differences by a number of subsequent time periods.

19. The computer readable media of claim 16, wherein the amounts associated with the set of expected sources of income and the amounts associated with the expected uses of funds are based on annual periods.

20. The computer readable media of claim 19, wherein the at least one time period includes a first month.

21. The computer readable media of claim 20, wherein the at least one subsequent time period includes a second month.

22. The computer readable media of claim 16, wherein the set of asset categories further includes neutral assets.

23. The computer readable media of claim 20, wherein the at least one subsequent time period includes a subsequent year.