System and method for using an analogy in the management of personal finances
First Claim
Patent Images
1. A system for presenting financial data, the system comprising:
- a computer;
storage operatively interfaced to the computer;
a user profile stored on the storage, the user profile containing user information and user financial data; and
software running on the computer, the software reads the user profile and translates the user information and the user financial data into a financial status, the user profile comprises user information and financial data, the user information comprises an age of the user or a date of birth of the user, an age of retirement goal, and the financial data comprises one or more data selected from the group consisting of assets, incomes, debts and expenses;
the software calculates a time remaining that is proportionate to the number of years until the age of retirement goal is achieved, an estimate of the time that the user will be soluble after retirement based on the assets that the user is predicated to accumulate and the software calculates an estimate of time that the user needs to plan for after retirement based on an estimated life expectancy of the user;
the software translates the estimate of time that the user will be soluble after retirement into a home score and translates the estimate of time that the user needs to plan for after retirement into an away score;
the software displays the home score and away score in a scoreboard format of a predetermined sports analogy.
1 Assignment
0 Petitions
Accused Products
Abstract
A system for presenting a user'"'"'s financial status captures a user'"'"'s financial, demographic and goal information and calculates the user'"'"'s financial status based upon their goals. The system then translates the user'"'"'s financial status into an analogy that the user is apt to understand better than financial terms. The user is presented with their financial status in terms of the analogy such as a score. One such analogy is a football game, in which the user'"'"'s financial status is translated and portrayed/displayed in terms of a football game, winning (attaining his or her goals) or losing (not doing well at attaining the goals), etc.
-
Citations
22 Claims
-
1. A system for presenting financial data, the system comprising:
-
a computer; storage operatively interfaced to the computer; a user profile stored on the storage, the user profile containing user information and user financial data; and software running on the computer, the software reads the user profile and translates the user information and the user financial data into a financial status, the user profile comprises user information and financial data, the user information comprises an age of the user or a date of birth of the user, an age of retirement goal, and the financial data comprises one or more data selected from the group consisting of assets, incomes, debts and expenses; the software calculates a time remaining that is proportionate to the number of years until the age of retirement goal is achieved, an estimate of the time that the user will be soluble after retirement based on the assets that the user is predicated to accumulate and the software calculates an estimate of time that the user needs to plan for after retirement based on an estimated life expectancy of the user; the software translates the estimate of time that the user will be soluble after retirement into a home score and translates the estimate of time that the user needs to plan for after retirement into an away score; the software displays the home score and away score in a scoreboard format of a predetermined sports analogy. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
-
11. A method of presenting financial data, the method comprising:
-
entering data into a user profile, the user profile stored in a storage of a computer, the user profile containing user information and user financial data; entering an age or date of birth of the user, an age of retirement goal, and one or more data selected from the list consisting of assets, incomes, debts and expenses; calculating by the computer a financial status based upon the user information and user financial data; calculating a time remaining that is proportionate to the number of years until the age of retirement goal is achieved and an estimate of the time that the user will be soluble after retirement based on the assets that the user is predicated to accumulate; calculating an estimate of time that the user needs to plan for after retirement based on an estimated life expectancy of the user; translating by the computer of the financial status into a presentation view according to a predetermined sports analogy by translating the estimate of time that the user will be soluble after retirement into a home score of the user and translating the estimate of time that the user needs to plan for after retirement into an away score; and displaying by the computer of the presentation view being in terms of a scoreboard of the sports analogy, the scoreboard comprising the home score, the away score, and time remaining of the sports analogy. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
-
-
20. Program instructions tangibly embodied in a non-transitory tangible storage medium comprising at least one instruction configured to implement a financial status display system, wherein the at least one instruction comprises:
-
computer readable instructions for reading a user profile stored in the storage medium, the user profile containing user information and user financial data, the user information comprises an age of the user or a date of birth of the user, an age of retirement goal, and the financial data comprises one or more data selected from the group consisting of assets, incomes, debts and expenses; computer readable instructions for calculating a time remaining that is proportionate to the number of years until the age of retirement goal is achieved, an estimate of the time that the user will be soluble after retirement based on the assets that the user is predicated to accumulate and the software calculates an estimate of time that the user needs to plan for after retirement based on an estimated life expectancy of the user; computer readable instructions for translating the estimate of time that the user will be soluble after retirement into a home score and translates the estimate of time that the user needs to plan for after retirement into an away score; and computer readable instructions for displaying the home score and away score in a scoreboard format of a predetermined sports analogy. - View Dependent Claims (21, 22)
-
Specification