FINANCIAL PLANNING AND PLAN EXECUTION

• US 20100094740A1
• Filed: 10/14/2008
• Published: 04/15/2010
• Est. Priority Date: 10/14/2008
• Status: Abandoned Application

• Current Assignee: Cashlocale.com Incorporated
• Original Assignee: Cashlocale.com Incorporated
• Inventors: Richter, Brian
• Application Number:
  US12/251,059
• Publication Number:
  US 20100094740A1
• Time in Patent Office: Days
• US Class Current: 705/35
• 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

Abstract

A computer-readable medium stores software that, when executed by a processor, causes the processor to create a financial plan for a user based on financial information provided by at least one of a plurality of financial institutions and the user; retrieve updated data regarding the user provided by at least one of the plurality of financial institutions; compare the data with the plan; output for display the comparison; and schedule at least one transaction with at least one of the plurality of financial institutions based on the comparison.

Claims

1. A computer-readable medium storing software that, when executed by a processor, causes the processor to:

create a financial plan for a user based on financial information provided by at least one of a plurality of financial institutions and the user;

retrieve updated data regarding the user provided by at least one of the plurality of financial institutions;

compare the data with the plan;

output for display the comparison; and

schedule at least one transaction with at least one of the plurality of financial institutions based on the comparison.

2. The computer-readable medium of claim 1, wherein scheduling the at least one transaction causes the processor to schedule, without input from the user, the at least one transaction with the at least one of the plurality of financial institutions based on the comparison.

3. The computer-readable medium of claim 1, further causing the processor to execute the at least one transaction with preauthorization from the user.

4. The computer-readable medium of claim 1, wherein the financial plan comprises a short-term financial sub-plan, a medium-term financial sub-plan, and a long-term financial sub-plan.

5. The computer-readable medium of claim 1, further causing the processor to connect the user with a financial consultant.

6. The computer-readable medium of claim 1, wherein the financial plan comprises at least one sub-plan selected from the group consisting of a mortgage sub-plan, a retirement sub-plan, a credit card sub-plan, a debt sub-plan, a large purchase sub-plan, a lifestyle change sub-plan, and a loan sub-plan.

7. The computer-readable medium of claim 6, further causing the processor to modify the financial plan with at least one sub-plan, the modification selected from a group consisting of adding the at least one sub-plan to the financial plan, deleting the at least one sub-plan from the financial plan, and viewing impact of the at least one sub-plan on financial plan.

8. The computer-readable medium of claim 1, further causing the processor to connect the user with a researcher that researches a financial question from the user;

and

provide answers to the financial question as financial education material.

9. The computer-readable medium of claim 1, wherein the financial plan comprises at least one financial outflow of the user and at least one financial inflow of the user.

10. The computer-readable medium of claim 9, further causing the processor to associate the at least one financial outflow with at least one category of financial outflow selected from the group consisting of mortgage/rent, utilities, automobile, phone, healthcare, food, credit card, loan, entertainment, retail, pet, planned savings, and miscellaneous.

11. The computer-readable medium of claim 9, further causing the processor to associate the at least one financial inflow with at least one category of financial inflow selected from the group consisting of employment, investment, and miscellaneous.

12. The computer-readable medium of claim 9, further causing the processor to split the at least one financial outflow or the at least one financial inflow into a plurality of sub-flows and associate at least two of the plurality of sub-flows with at least two different categories of financial outflow or financial inflow.

13. The computer-readable medium of claim 9, further causing the processor to estimate future financial outflows based on previous financial outflows and estimates future financial inflows based on previous financial inflows.

14. The computer-readable medium of claim 1, wherein creating the financial plan causes the processor to associate the user'"'"'s financial outflows with categories of financial outflow without input from the user based on a second plurality of data provided by the financial institutions and associate the user'"'"'s financial inflows with categories of financial inflow without input from the user based on the second plurality of data provided by the financial institutions;

any associations configurable by the user.

15. The computer-readable medium of claim 1, wherein the at least one transaction is selected from a group consisting of withdrawing funds from the at least one financial institution, depositing funds with the at least one financial institution, and transferring funds between the at least one financial institution and another at least one financial institution.

16. The computer-readable medium of claim 1, wherein the financial plan is currency neutral.

17. A method, comprising:

creating a financial plan for a user based on financial information provided by at least one of a plurality of financial institutions and the user;

retrieving updated data regarding the user provided by at least one of the plurality of financial institutions;

comparing the data with the plan;

displaying the comparison; and

scheduling at least one transaction with at least one of the plurality of financial institutions based on the comparison.

18. The method of claim 17, further comprising modifying the financial plan with at least one sub-plan, the modification selected from a group consisting of adding the at least one sub-plan to the financial plan, deleting the at least one sub-plan from the financial plan, and viewing impact of the at least one sub-plan on financial plan, the sub-plan selected from the group consisting of a mortgage sub-plan, a retirement sub-plan, a credit card sub-plan, a debt sub-plan, a large purchase sub-plan, a lifestyle change sub-plan, and a loan sub-plan.

19. A system comprising:

a processor; and

a memory coupled to the processor;

wherein the processor

creates a financial plan for a user based on financial information provided by at least one of a plurality of financial institutions and the user;

retrieves updated data regarding the user provided by at least one of the plurality of financial institutions;

compares the data with the plan;

outputs for display the comparison; and

schedules at least one transaction with at least one of the plurality of financial institutions based on the comparison.

20. The system of claim 19, wherein the processor modifies the financial plan with at least one sub-plan, the modification selected from a group consisting of adding the at least one sub-plan to the financial plan, deleting the at least one sub-plan from the financial plan, and viewing impact of the at least one sub-plan on financial plan, the sub-plan selected from the group consisting of a mortgage sub-plan, a retirement sub-plan, a credit card sub-plan, a debt sub-plan, a large purchase sub-plan, a lifestyle change sub-plan, and a loan sub-plan.