Computer-implemented program for budgeting and saving

• US 20060020533A1
• Filed: 07/25/2005
• Published: 01/26/2006
• Est. Priority Date: 07/23/2004
• Status: Abandoned Application

• Current Assignee: Stephon D. Lee
• Original Assignee: Stephon D. Lee
• Inventors: Lee, Stephon D.
• Application Number:
  US11/191,314
• Publication Number:
  US 20060020533A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A web-based system for budgeting and saving by a client using a team approach. In an example embodiment, the system is configured for client homebuyers to collaborate with third parties such as financial counselors and real estate agents. The clients select third parties to their teams, and a team connect component enables the team members to exchange messages in real time. Based on their collaborative role, the third parties are assigned a class permission that sets their access to the client'"'"'s information. A collaboration module permits the client to navigate through the website with the client-selected screens also displayed to the third parties, provided they have the required class permission for the displayed information. The reports are sortable by field and configured so the third parties can select one or more clients from the reports and use the team connect component to communicate with all the selected clients simultaneously.

Claims

10. A computer network-implemented budgeting and saving method for use by clients and interested third parties, comprising:

a) receiving from an active one of the clients a selection of at least one of the third parties as a team member;

b) receiving budget financial information and actual financial information from the active client;

c) determining budgeting results based on the budget financial information and the actual financial information, wherein the budget financial information, the actual financial information, and the budgeting results collectively define financial management information,

d) generating reports based on the financial management information for the active client; and

e) permitting remote access to at least one of the reports by the team member but not by the other clients or the third parties not selected by the active client,

wherein the active client and the client-selected team members can collaborate from remote locations to facilitate improved budgeting and saving by the client.

11. The method of claim 10, wherein the clients include prospective homebuyers, and the team member is selected from the group consisting of financial counselors, housing counselors, financial coaches, real estate agents and mortgage representatives.

12. The method of claim 10, further comprising determining whether the budgeting results meet a predefined milestone for successful budgeting and if so then awarding an indication of budgeting success to the active client, wherein the team member is a mortgage representative and, as a condition of enrollment and selection as a team member, the mortgage representative agrees to grant to the active client a reward of value that is applicable to a home purchase and based on the indication of budgeting success.

13. The method of claim 12, wherein the indication of budgeting success comprises a certificate.

14. The method of claim 10, wherein the step of generating reports includes generating at least one predetermined client progress report based at least in part on the financial management information, wherein the client progress report includes client-specific information for all of the clients that entered a selection of the team member and the client progress report is displayed to the team member with the client-specific information for the included clients arranged in fields and sortable by the fields, wherein the team member can sort by the fields to monitor budgeting progress of the included clients.

15. The method of claim 14, wherein the step of generating the client progress report includes generating the client progress report automatically at regular intervals correlated to predefined regular budgeting periods.

16. The method of claim 14, further comprising receiving from the team member a selection of one or more of the clients included in the client progress report, retrieving contact information for the selected clients, receiving a group message from the team member, and sending the group message to all of the selected clients simultaneously, wherein the team member can sort by the fields to identify budgeting status of the included clients and remotely communicate group messages to selected groups of the included clients.

17. The method of claim 10, wherein the step of receiving the team member selection includes receiving a selection of at least two team members into a team with the active client, and further comprising receiving a message from the active client or one of the team members and sending the message to all of the others on the team.

18. The method of claim 10, further comprising receiving screen selections from the active client as the active client navigates through the reports, and displaying to the active client and the team member the reports corresponding to the screen selections.

19. The method of claim 18, further comprising not displaying predetermined ones of the reports to predetermined ones of the team members as the active client navigates through the reports.

20. The method of claim 10, further comprising receiving screen selections from the team member as the team member navigates through the reports, and not displaying to the active client the reports corresponding to the screen selections.

21. The method of claim 10, further comprising receiving initial and updated profile information from the clients, and permitting remote access by the team members to the client profile information for all of the clients that entered a selection of the team member, wherein the team members maintain access to the updated profile information without the team members having to update the profile information.

22. The method of claim 10, further comprising receiving enrollments from the third parties into class one or class two, wherein the step of receiving the active client team member selection comprises receiving a selection of at least one of the class one third parties as a class one team member and a selection of at least one of the class two third parties as a class two team member.

23. The method of claim 22, wherein the clients include prospective homebuyers, the class one team member is selected from the group consisting of financial counselors, housing counselors, and financial coaches, and the class two team member is selected from the group consisting real estate representatives and mortgage representatives.

24. A server computer or bank of server computers connected to a computer network and storing computer-executable instructions for performing the method of claim 10.

25. A computer-readable storage medium storing computer-executable instructions for performing the method of claim 10.

26. A computer storage medium storing computer-readable instructions and data, comprising:

a database storing profile information and financial management information for clients, wherein the financial management information includes budget financial information, actual financial information, and budgeting results;

a budgeting component for determining the budgeting results based on the budget financial information and the actual financial information;

a report generator for generating reports based on the financial management information;

a team building component for receiving from an active one of the clients a selection of interested third parties as team members, wherein the active client and the team members define a team, and at least one of the team members is permitted remote access to at least one of the reports for the active client; and

a team connect component for receiving a message from the active client or one of the team members and sending the message to all of the others on the team in real time,

wherein when the computer storage medium is loaded onto a server computer connected to a communications network, the active client and the client-selected team members can collaborate from remote locations to facilitate improved budgeting and saving by the client.

1. A computer network-implemented budgeting and saving method for use by clients and interested third parties, comprising:

a) receiving from an active one of the clients a selection of at least one of the third parties as a class one team member and a selection of at least one other of the third parties as a class two team member;

b) receiving budget financial information and actual financial information from the active client;

c) determining budgeting results based on the budget financial information and the actual financial information, wherein the budget financial information, the actual financial information, and the budgeting results collectively define financial management information;

d) generating reports including at least one first report based on the financial management information for the active client; and

e) permitting remote access to the first report by the active client and the class one team member but not by the class two team member, the third parties not selected by the active client, or the other clients,

wherein the active client and the client-selected team members can collaborate from remote locations to facilitate improved budgeting and saving by the active client.

2. The method of claim 1, wherein the clients include prospective homebuyers, the class one team member is selected from the third party group consisting of financial counselors, housing counselors, and financial coaches, and the class two team member is selected from the third party group consisting real estate agents and mortgage representatives.

3. The method of claim 1, wherein the step of generating reports includes generating at least one second report based at least in part on the financial management information, and further comprising permitting remote access to the client progress report by the class one team member and the class two team member.

4. The method of claim 3, wherein the first report is a confidential financial report, the second report is a client progress report, and the step of generating the client progress report includes retrieving client-specific information for all of the clients that entered a selection of the team member, and permitting remote access to the retrieved client-specific information by the team member.

5. The method of claim 4, wherein the client progress report is displayed to the team member with the client-specific information for the included clients arranged in fields and sortable by the fields, wherein the team member can sort by the fields to monitor budgeting progress of the included clients.

6. The method of claim 5, further comprising receiving from the team member a selection of one or more of the clients included in the client progress report, retrieving contact information for the selected clients, receiving a group message from the team member, and sending the group message to all of the selected clients simultaneously, wherein the team member can sort by the fields to identify budgeting status of the included clients and remotely communicate group messages to selected groups of the included clients.

7. The method of claim 3, further comprising receiving screen selections from the active client as the active client navigates through the reports, displaying the confidential financial report corresponding to one of the screen selections to the active client and the class one team member but not to the class two team member, and displaying the client progress report corresponding to another of the screen selections to the active client, the class one team member, and the class two team member.

8. A server computer or bank of server computers connected to a computer network and storing computer-executable instructions for performing the method of claim 1.

9. A computer-readable storage medium storing computer-executable instructions for performing the method of claim 1.

27. The computer storage medium of claim 26, further comprising programming for receiving enrollments from the third parties into class one or class two, and wherein the team building component is programmed for receiving from the active client a selection of at least one of the class one third parties as a class one team member and a selection of at least one of the class two third parties as a class two team member.

28. The computer storage medium of claim 27, wherein the clients include prospective homebuyers, the class one team member is selected from the group consisting of financial counselors, housing counselors, and financial coaches, and the class two team member is selected from the group consisting real estate agents and mortgage representatives.

29. The computer storage medium of claim 27, wherein the report generator is further programmed for generating at least one predetermined confidential financial report based on the financial management information for the active client, and further comprising programming for permitting remote access to the confidential financial report by the active client and the class one team member but not by the class two team member, the third parties not selected by the active client, or the other clients.

30. The computer storage medium of claim 29, wherein the report generator is further programmed for generating at least one predetermined client progress report based on the financial management information for the active client, and further comprising programming for permitting remote access to the client progress report by the class one team member and the class two team member.

31. The computer storage medium of claim 27, wherein the team connect component includes a collaboration module for receiving inputs from the active client as the active client accesses the financial management information and displaying to the active client and the class one team member but not the class two team member the financial management information corresponding to one of the inputs.

32. The computer storage medium of claim 26, wherein the report generator is further programmed for generating at least one predetermined client progress report that is based on the financial management information for the active client and that includes client-specific information for the included clients arranged in fields and sortable by the fields.

33. The computer storage medium of claim 32, wherein the report generator and the team connect component are programmed for receiving from an active one of the team members a selection of one or more of the clients included in the client progress report, retrieving contact information for the selected clients, receiving a group message from the active team member, and sending the group message to all of the selected clients simultaneously, wherein the active team member can sort by the fields to identify budgeting status of the included clients and remotely communicate group messages to selected groups of the included clients.

34. The computer storage medium of claim 26, wherein the team connect component includes a collaboration component for receiving screen selections from the active client as the active client navigates through display screens, displaying to the active client and permissioned ones of the team members the display screens corresponding to the screen selections.

35. The computer storage medium of claim 26, further comprising a budget test methodology including at least one predefined criteria for determining the budget results.

34-1. The computer storage medium of claim 26, further comprising a goal-setting component for receiving inputted financial goals from the clients and inputted selections for adding the goals to the budget financial information.

36. A computer storage medium storing computer-readable instructions and data, comprising:

a database storing profile information and financial management information for clients, wherein the financial management information includes budget financial information, actual financial information, and budgeting results;

a budgeting component for determining the budgeting results based on the budget financial information and the actual financial information;

a budget test methodology including at least one predefined criterion for determining the budget results;

a report generator for generating reports based on the financial management information;

a team building component for receiving from an active one of the clients a selection of interested third parties as team members, wherein the active client and the team members define a team, and at least one of the team members is permitted remote access to at least one of the reports for the active client; and

a team connect component for receiving a message from the active client or one of the team members and sending the message to all of the others on the team in real time,

wherein when the computer storage medium is loaded onto a server computer connected to a communications network, the active client and the client-selected team members can collaborate from remote locations to facilitate improved budgeting and saving by the client.

37. The computer storage medium of claim 36, wherein the budget test methodology includes:

a) receiving the actual financial information by a predefined regular deadline;

b) receiving the actual financial information for a minimum percentage of budget financial information entries; and

c) the actual financial information entered being within a predefined percentage range of the budget financial information entries.