Goal orientated computing system implemented financial management using projected balances
First Claim
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1. A computing system implemented process for goal orientated financial management using projected balances comprising:
- providing, through execution on a computing system including a processor and memory coupled to the processor, the memory having processor executable instructions stored therein to perform a process for goal orientated financial management using projected balances, a computing system implemented financial management system, the computing system implemented financial management system including a projected balance feature, the projected balance feature being used to predict future balances of one or more selected accounts associated with computing system implemented financial management system using historical financial data or recurring financial activities associated with the one or more selected accounts, the computing system being configured to create automatic payments rules to support goals;
selecting, through the computing system, a financial account from the one or more associated financial accounts;
defining, through the computing system, a financial goal; and
creating, by the computing system, at least one automatic payment rule for performing financial transactions through the selected account, the at least one automatic payment rule being created to support the defined financial goal,wherein the at least one automatic payment rule is created and implemented based on projected account data generated by the computing system implemented financial management system projected balance feature.
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Abstract
A method and apparatus for goal orientated computing system implemented financial management using projected balances includes a process for goal orientated financial management using projected balances whereby a user defines financial goals and then automatic payment rules based on projected account balance data are created to help accomplish those goals.
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Citations
43 Claims
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1. A computing system implemented process for goal orientated financial management using projected balances comprising:
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providing, through execution on a computing system including a processor and memory coupled to the processor, the memory having processor executable instructions stored therein to perform a process for goal orientated financial management using projected balances, a computing system implemented financial management system, the computing system implemented financial management system including a projected balance feature, the projected balance feature being used to predict future balances of one or more selected accounts associated with computing system implemented financial management system using historical financial data or recurring financial activities associated with the one or more selected accounts, the computing system being configured to create automatic payments rules to support goals; selecting, through the computing system, a financial account from the one or more associated financial accounts; defining, through the computing system, a financial goal; and creating, by the computing system, at least one automatic payment rule for performing financial transactions through the selected account, the at least one automatic payment rule being created to support the defined financial goal, wherein the at least one automatic payment rule is created and implemented based on projected account data generated by the computing system implemented financial management system projected balance feature. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A system for goal orientated financial management using projected balances comprising:
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a computing processor; and a memory coupled to the processor, the memory having stored therein processor executable instructions for executing a process for goal oriented financial management using projected balances, the process for goal oriented financial management using projected balances comprising; providing a computing system implemented financial management system having a projected balance feature; interfacing with the computing system implemented financial management system and projected balance feature, the computing system implemented financial management system having one or more associated financial accounts; selecting a financial account from the one or more associated financial accounts; defining a financial goal; and creating, automatically by the process for goal oriented financial management using projected balances at least one automatic payment rule for performing financial transactions through the selected account, the at least one automatic payment rule being created to support the defined financial goal, wherein the at least one automatic payment rule is created and implemented based on projected account data provided from the computing system implemented financial management system projected balance feature. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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29. A computer program product for goal oriented financial management using projected balances comprising:
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a non-transitory computer readable medium; and
,computer program code, encoded on the computer readable medium, comprising computer readable instructions which when executed by a computing processor, perform a process for goal oriented financial management using projected balances comprising; interfacing with a computing system implemented financial management system, the computing system implemented financial management system including a projected balance feature, the projected balance feature being used to predict future balances of one or more selected accounts associated with computing system implemented financial management system using historical financial data or recurring financial activities associated with the one or more selected accounts; selecting a financial account from the one or more associated financial accounts;
defining a financial goal; andcreating, automatically by the process for goal oriented financial management using projected balances at least one automatic payment rule for performing financial transactions through the selected account, the at least one automatic payment rule being created to support the defined financial goal; wherein the at least one automatic payment rule is created and implemented based on projected account data provided from the computing system implemented financial management system projected balance feature. - View Dependent Claims (30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42)
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43. A system for goal oriented financial management using projected balances comprising:
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a computing system; a computing system implemented financial management system, the computing system implemented financial management system including a projected balance feature, the projected balance feature being used to predict future balances of one or more selected accounts associated with computing system implemented financial management system using historical financial data or recurring financial activities associated with the one or more selected accounts; and a computing processor coupled to a memory, the memory having processor executable instructions stored therein for a process for goal oriented financial management using projected balances, the processor for executing the process for goal oriented financial management using projected balances, the process for goal oriented financial management using projected balances comprising; interfacing with the computing system implemented financial management system and projected balance feature, the computing system implemented financial management system having one or more associated financial accounts; selecting a financial account from the one or more associated financial accounts;
defining at least two different financial goals;selecting a level of automation for the system, wherein a high level of automation configures the system to create automatic payment rules and make payments supporting the defined goals without requiring further user input, and where a low level of automation configures the system so that the user must approve each payment before the payment is sent, and where an intermediate level of automation configures the system to require user approval for payments either falling outside predefined first criteria or alternatively meeting certain predefined second criteria, the system being capable of considering criteria comprising payment amount and the timeframe of the payment; creating at least one different automatic payment rule for each of the individual ones of the two financial goals, the automatic payment rules being created and implemented based on projected account data generated by the computing system implemented financial management system projected balance feature; the system being configured to create automatic payments rules to support goals, the goals including minimizing interest paid out by the user, maximizing interest paid in to the user, maximizing the average balance in a selected high interest bearing account, and maintaining a minimum balance in a selected account; the system being further configured to create rules including paying specific bills on specific dates based on data obtained from the projected balance feature, making a first payment on a first credit account to satisfy the minimum payment by the due date and making a second payment against the first credit account after a known recurring deposit is due to have been made into the selected financial account; wherein, if there is a conflict between the automatic payment rules supporting the two different financial goals the user is requested to approve one or more of those automatic payment rules prior to payments under the one or more conflicting automatic payment rules being made.
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Specification