Pay yourself first with user guidance
First Claim
1. A method comprising:
- receiving, by a computer-based system, financial information about a user;
determining, by the computer-based system and based on the received financial information, a savings amount to be transferred to an account of the user;
verifying, by the computer-based system, whether the determined savings amount has been transferred to the account; and
restricting access to functions of the computer-based system by the user until transfer of the determined savings amount to the account is verified.
5 Assignments
0 Petitions
Accused Products
Abstract
The system encourages users to not only pay themselves first, but to pay themselves first in the largest amounts possible, even if they are not able to fully pay outstanding debts. The system obtains information related to the user'"'"'s income, income sources, user'"'"'s debts (e.g., bills) and user'"'"'s goals. The system provides recommendations related to the prioritization of paying certain bills and the amount to pay for each bill based upon, for example, savings goals, minimizing penalties/fees associated with user'"'"'s debts, minimum amounts due, due dates and available income. The system and/or the user may then determine a payment hierarchy which includes transferring funds to the user'"'"'s savings account prior to paying all or a portion of certain bills, wherein the transfer of funds may include different funds transfer systems and methods.
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Citations
19 Claims
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1. A method comprising:
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receiving, by a computer-based system, financial information about a user; determining, by the computer-based system and based on the received financial information, a savings amount to be transferred to an account of the user; verifying, by the computer-based system, whether the determined savings amount has been transferred to the account; and restricting access to functions of the computer-based system by the user until transfer of the determined savings amount to the account is verified. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A non-transitory, computer readable medium having program instructions stored thereon that, in response to execution by a computer-based system, cause the computer-based system to perform operations comprising:
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determining a savings amount to be transferred to an account of a user, wherein the savings amount is determined based on financial information about the user; verifying whether the determined savings amount has been transferred to the account; and restricting access to functions of the computer-based system by the user until transfer of the determined savings amount to the account is verified. - View Dependent Claims (12, 13, 14, 15)
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16. A method, comprising:
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receiving, by a computer-based system, financial information of a user; determining, by the computer-based system and based on the received financial information, a savings amount to be transferred to an account of the user; validating, by the computer-based system, that the determined savings amount has been transferred to the account; enabling additional functionality of the computer-based system in response to the validating. - View Dependent Claims (17, 18, 19)
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Specification