Systems and methods for generating account forecast alerts

A non-transitory computer-readable medium comprising computer-executable instructions, when executed, configured to cause a processor to:

• receive a target saving amount via user input;
• receive account information comprising a first plurality of transactions associated with a bank account over a first period of time;
• identify one or more variable expenditures in the account information by comparing payment amounts to identical merchants over the first period of time, wherein the variable expenditures correspond to unequal payment amounts to the identical merchants;
• determine a target spending amount corresponding to a second period of time based on the account information, the variable expenditures, and the target saving amount, the second period of time being after the first period of time;
• send the target spending amount to a computing device comprising an electronic display configured to display the target spending amount corresponding to the second period of time;
• receive updated account information comprising a second plurality of transactions associated with the bank account over the second period of time, the second period of time being after the first period of time;
• detect that a current spending amount associated with the second period of time exceeds the target spending amount corresponding to the second period of time based on credit data indicative of one or more purchases made during the second period of time, wherein the credit data is retrieved from one or more credit databases configured to update after the one or more purchases are completed;
• generate an event in response to the current spending amount exceeding the target spending amount;
• send an alert indicative of the event to the computing device, wherein the alert is configured to cause the computing device to activate and to automatically open an application that is configured to display a visualization via the electronic display, the visualization comprising:
• a first indication that the current spending amount exceeds the target spending amount;
• and
• a first adjusted target spending amount for a third period of time, the first adjusted target spending amount different than the target spending amount;
• detect an update to the account information, wherein the update is indicative of a new income source that corresponds to an additional transaction depositing funds into the bank account;
• send a request for a confirmation input to the computing device, wherein the confirmation input is indicative of the new income source being a regularly occurring deposit;
• update the target spending amount to a second adjusted target spending amount based on the new income source in response to receiving the confirmation input;
• generate an additional event in response to the current spending amount being less than the second adjusted target spending amount;
• and
• send an additional alert indicative of the additional event to the computing device in response to updating the target spending amount to the second updated target spending amount, wherein the additional alert is configured to cause the computing device to update the visualization to include a second indication that the current spending amount is below the second updated target spending amount.

A method, comprising:

• receiving, via a processor, account information comprising a plurality of transactions associated with a bank account corresponding to a first period of time;
• identifying, via the processor, one or more variable expenditures in the account information by comparing payment amounts to identical merchants over the first period of time, wherein the variable expenditures correspond to unequal payment amounts to the identical merchants;
• determining, via the processor, an expected burn rate of funds for a second period of time based on the account information, the second period of time being after the first period time and corresponding to an amount of time until a next deposit;
• sending, via the processor, the expected burn rate of funds to a computing device associated with a user, the computing device comprising an electronic display configured to display the expected burn rate of funds corresponding to the second period of time;
• determining, via the processor, an expected savings balance based on the account information and the expected burn rate;
• detecting, via the processor, that a current spending amount associated with the second period of time exceeds the expected burn rate of funds corresponding to the second period of time based on credit data indicative of one or more purchases made during the second period of time, wherein the credit data is retrieved from one or more credit databases configured to update after the one or more purchases are completed;
• generating, via the processor, a first event in response to the expected savings balance being above a threshold, wherein the first event is configured to cause the computing device to open an application that is configured to display a first visualization indicative of the expected savings balance being above the threshold and a second visualization indicative of a virtual envelope to associate excess funds associated with the expected savings balance being above the threshold;
• displaying, via the processor, the virtual envelope via an electronic display;
• generating, via the processor, a second event in response to the expected savings balance being below the threshold and the current spending amount exceeding the expected burn rate of funds, wherein the second event is configured to cause the computing device to activate and to automatically open the application to cause the application to display a third visualization comprising:
• a first indication of a status of the expected savings balance;
• and
• a second indication that the current spending amount exceeds the expected burn rate of funds;
• detecting, via the processor, an update to the account information, wherein the update is indicative of a new income source that corresponds to an additional transaction depositing funds into the bank account;
• sending, via the processor, a request for a confirmation input to the computing device, wherein the confirmation input is indicative of the new income source being a regularly occurring deposit;
• updating, via the processor, the expected savings balance based on the new income source in response to receiving the confirmation input;
• generating, via the processor, a third event in response to the updated expected savings balance being above the threshold;
• sending, via the processor, an alert indicative of the third event to the computing device in response to updating the expected savings balance, wherein the alert is configured to cause the computing device to update the third visualization to include a third indication that the updated expected savings balance is above the threshold.