Systems and methods for managing and allocating funds
AssigneeStrands, Inc.
InventorsRick Hangartner, Philip Jenkins
Life of this patent
Estimating the term…
Abstract
The application discloses a systems and methods for automatically managing and allocating funds deposited in one or more financial accounts owned by the user. The system allows the user to specify and dynamically modify multiple savings goals and to associate each goal with a savings account. As the user makes deposits or withdrawals from an account, the amount of funds allocated to each of the goals associated with the account are automatically adjusted based on the user's relative preferences for the goals as automatically inferred from the user's interactions with the system. The system may also provide incentive rewards to users as they meet interim subgoals or complete a goal to induce users to successfully achieve their savings goals.
Claims19
An apparatus, comprising:
- a memory device configured to:
- store information identifying at least one user account;
- and
- store user preferences corresponding to at least one savings goal;
- a processing device configured to:
- detect a deposit of funds into the at least one user account;
- automatically allocate the deposit in response to the user preferences;
- and
- cause a display of progress towards meeting the at least one savings goal in response to automatically allocating the deposit.
A method, comprising:
- identifying at least one user account;
- identifying at least one savings goal;
- detecting a deposit of funds into the at least one user account;
- automatically allocating the deposit in response to the at least one savings goal;
- and
- displaying progress towards meeting the at least one savings goal in response to automatically allocating the deposit.
A memory device having instructions stored thereon that, in response to execution by a processing device, cause the processing device to perform operations comprising:
- identifying at least one user account;
- identifying at least one savings goal;
- detecting a deposit of funds into the at least one user account;
- automatically allocating the deposit in response to the at least one savings goal;
- and
- displaying progress towards meeting the at least one savings goal in response to automatically allocating the deposit.
Dependencies are inferred from the claim text.