APPARATUS AND METHOD FOR A FINANCIAL PLANNING FAITH-BASED RULES DATABASE
First Claim
1. A method for providing a faith-based financial plan, implemented via a computing device including a processor and a memory, the method comprising:
- receiving, from a user, user information comprising financial information and user-selected goals and values and user-selected weighting criteria, the user-selected weighting criteria defining quantitative levels of importance for one or more of user-selected goals and values;
storing the user information in a database;
compiling financial statements and reports for the user based on the financial information of the user;
retrieving faith-based principles and faith-based financial management rules, based upon the financial statements and reports, from a faith-based rules database;
generating, by way of a programmed computer, a behavior model to determine patterns of financial behaviors based upon the compiled financial statements and reports;
extracting key financial behavior information from the behavior model;
generating a behavior profile by comparing the key financial behavior information, the user-selected goals and values, the user-selected weighting criteria and the faith-based rules, the behavior profile identifies trends of financial usage, ranks priorities of financial usage, and assigns quantitative values to the financial usage to determine management of the user'"'"'s finances in comparison to the user-selected goals and values and the user-selected weighting criteria according to the faith-based principles and the faith-based financial management rules;
developing financial plans for the user based on results of the behavior profile;
preparing a spending and savings plan for the user to facilitate the financial plans;
analyzing, by way of the programmed computer, the behavior profile to identify targeted financial areas of improvements and targeted faith-based areas of improvement;
generating faith-based categories based upon the targeted financial areas of improvements and the targeted faith-based areas of improvement, the faith-based categories comprise faith-based scriptures and faith-based examples;
displaying on a display screen at least one of the financial statement and report, the behavior profile, the financial plans, the spending and saving plan, the targeted financial areas of improvement, the targeted faith-based areas of improvement, and the faith-based categories;
displaying on the display screen an update request to the user to revise, based upon the faith-based scriptures and faith-based examples of the faith-based categories, the steps of receiving, storing, compiling, retrieving, generating, extracting, developing and preparing the financial plans;
upon receiving the update request from the user, developing and preparing updated financial plans; and
verifying whether financial matters of the users are consistent with principles of financial stewardship and faith-based teachings to define areas of consistency and areas of inconsistency and displaying the areas of consistency and the areas of inconsistency on the display screen.
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Accused Products
Abstract
A method for providing financial management and planning in an electronic device according to various exemplary embodiments can include using a faith-based rules database to determine a financial and life purposed plan for a user; draft a vision statement for the user based on the financial and life purposed plan; establish personal goals and priorities based on the vision statement for the user; compile financial statement and reports for the user based on financial data of the user; generate a stewardship evaluation report that provides an analysis of management of finances by the user based on faith-based financial management rules and the purposed plan; develop financial plans for the user based on results of the stewardship evaluation report; prepare a spending and savings plan for the user to facilitate the financial plans; and iteratively monitoring and revising the steps of determining, drafting, establishing, compiling, generating, developing and preparing financial plans.
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Citations
19 Claims
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1. A method for providing a faith-based financial plan, implemented via a computing device including a processor and a memory, the method comprising:
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receiving, from a user, user information comprising financial information and user-selected goals and values and user-selected weighting criteria, the user-selected weighting criteria defining quantitative levels of importance for one or more of user-selected goals and values; storing the user information in a database; compiling financial statements and reports for the user based on the financial information of the user; retrieving faith-based principles and faith-based financial management rules, based upon the financial statements and reports, from a faith-based rules database; generating, by way of a programmed computer, a behavior model to determine patterns of financial behaviors based upon the compiled financial statements and reports; extracting key financial behavior information from the behavior model; generating a behavior profile by comparing the key financial behavior information, the user-selected goals and values, the user-selected weighting criteria and the faith-based rules, the behavior profile identifies trends of financial usage, ranks priorities of financial usage, and assigns quantitative values to the financial usage to determine management of the user'"'"'s finances in comparison to the user-selected goals and values and the user-selected weighting criteria according to the faith-based principles and the faith-based financial management rules; developing financial plans for the user based on results of the behavior profile; preparing a spending and savings plan for the user to facilitate the financial plans; analyzing, by way of the programmed computer, the behavior profile to identify targeted financial areas of improvements and targeted faith-based areas of improvement; generating faith-based categories based upon the targeted financial areas of improvements and the targeted faith-based areas of improvement, the faith-based categories comprise faith-based scriptures and faith-based examples; displaying on a display screen at least one of the financial statement and report, the behavior profile, the financial plans, the spending and saving plan, the targeted financial areas of improvement, the targeted faith-based areas of improvement, and the faith-based categories; displaying on the display screen an update request to the user to revise, based upon the faith-based scriptures and faith-based examples of the faith-based categories, the steps of receiving, storing, compiling, retrieving, generating, extracting, developing and preparing the financial plans; upon receiving the update request from the user, developing and preparing updated financial plans; and verifying whether financial matters of the users are consistent with principles of financial stewardship and faith-based teachings to define areas of consistency and areas of inconsistency and displaying the areas of consistency and the areas of inconsistency on the display screen. - View Dependent Claims (2, 3, 6)
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4. A computer program product that can be directly loaded to the memory of a digital computer and which comprises software used to execute the steps of a method for providing a faith-based financial plan when the computer program is run on a computer, the method comprising:
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receiving, from a user, user information comprising financial information and user-selected goals and values and user-selected weighting criteria, the user-selected weighting criteria defining quantitative levels of importance for one or more of user-selected goals and values; storing the user information in a database; compiling financial statements and reports for the user based on the financial information of the user; retrieving faith-based principles and faith-based financial management rules, based upon the financial statements and reports, from a faith-based rules database; generating, by way of a programmed computer, a behavior model to determine patterns of financial behaviors based upon the compiled financial statements and reports; extracting key financial behavior information from the behavior model; generating a behavior profile by comparing the key financial behavior information, the user-selected goals and values, the user-selected weighting criteria and the faith-based rules, the behavior profile identifies trends of financial usage, ranks priorities of financial usage, and assigns quantitative values to the financial usage to determine management of the user'"'"'s finances in comparison to the user-selected goals and values and the user-selected weighting criteria according to the faith-based principles and the faith-based financial management rules; developing financial plans for the user based on results of the behavior profile; preparing a spending and savings plan for the user to facilitate the financial plans; analyzing, by way of the programmed computer, the behavior profile to identify targeted financial areas of improvement and targeted faith-based areas of improvement; generating faith-based categories based upon the targeted financial areas of improvements and the targeted faith-based areas of improvements, the faith-based categories comprise faith-based scriptures and faith-based examples; displaying on a display screen at least one of the financial statement and report, the behavior profile, the financial plans, the spending and saving plan, the targeted financial areas of improvement, the targeted faith-based areas of improvement, and the faith-based categories; displaying on the display screen an update request to the user to revise, based upon the faith-based scriptures and faith-based examples of the faith-based categories, the steps of receiving, storing, compiling, retrieving, generating, extracting, developing and preparing the financial plans; upon receiving the update request from the user, developing and preparing updated financial plans; and verifying whether financial matters of the users are consistent with principles of financial stewardship and faith-based teachings to define areas of consistency and areas of inconsistency and displaying the areas of consistency and the areas of inconsistency on the display screen. - View Dependent Claims (5)
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7. A system for providing a faith-based financial plan, comprising:
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a processor, and a memory coupled to the processor, wherein the memory comprises instructions that are executed by the processor to perform operations comprising; receiving, from a user, user information comprising financial information and user-selected goals and values and user-selected weighting criteria, the user-selected weighting criteria defining quantitative levels of importance for one or more of user-selected goals and values; storing the user information in a database; compiling financial statements and reports for the user based on the financial information of the user; retrieving faith-based principles based upon the user-selected goals and values and the user-selected weighting criteria; retrieving faith-based financial management rules, based upon the financial statements and reports, from a faith-based rules database; generating, by way of a programmed computer, a behavior model to determine patterns of financial behaviors based upon the compiled financial statements and reports; extracting key financial behavior information from the behavior model; generating a behavior profile by comparing the key financial behavior information, the user-selected goals and values, the user-selected weighting criteria and the faith-based rules, the behavior profile identifies trends of financial usage, ranks priorities of financial usage, and assigns quantitative values to the financial usage to determine management of the user'"'"'s finances in comparison to the user-selected goals and values and the user-selected weighting criteria according to the faith-based principles and the faith-based financial management rules; developing financial plans for the user based on results of the behavior profile; preparing a spending and savings plan for the user to facilitate the financial plans; analyzing, by way of the programmed computer, the behavior profile to identify targeted financial areas of improvements and targeted faith-based areas of improvement; generating faith-based categories based upon the targeted financial areas of improvements and the targeted faith-based areas of improvement, the faith-based categories comprise faith-based scriptures and faith-based examples; displaying on a display screen at least one of the financial statement and report, the behavior profile, the financial plans, and the spending and saving plan, the targeted financial areas of improvement, the targeted faith-based areas of improvement, and the faith-based categories; displaying on the display screen an update request to the user to revise, based upon the faith-based scriptures and the faith-based examples of the faith-based categories, the financial information to generate the behavior profile, financial statement and reports, financial plans, and spending and savings plan, the targeted financial areas of improvement, the targeted faith-based areas of improvement, and the faith-based categories; upon receiving the update request from the user, developing and preparing updated financial plans; and verifying whether the behavior profile is consistent with the retrieved faith-based principles to identify the targeted faith-based areas of improvement. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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Specification