Systems and methods for household cash management system
OwnerJohn Venturainventor
Life of this patent
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Abstract
To address the challenges of managing the cash flow of a household, the present solution provides for an efficient and automated cash flow management tool. In an industrialized market where households incur and manage dozens of bills and expenses, the systems and methods of the Cash Flow Management system (“CFM”) of the present solution enables households to seamlessly and efficiently plan their budget, pay their bills, enforce their expense budget, save for custom planned goals and realize their financial plans all from one account. The methodology of the CFM allows a household to holistically plan, execute, manage and track in real-time their cash flow across pay, spend and save sub-accounts within the same financial or bank account.
Claims20
A method for automatically managing cash flow of a household, the method comprising:
- (a) identifying, by a cash flow manager executing on one or more servers, receipt of an amount of income from one or more sources of income of a household into a household account, the household account comprising a pay sub-account, a spend sub-account and a save sub-account;
- (b) allocating automatically, by the cash flow manager responsive to the receipt of the amount of income, amounts from the amount of income into each of the pay sub-account, the spend sub-account and the save sub-account of the household account in accordance with a cash flow management plan of the household stored in association with the household account maintained by the cash flow manager;
- and
- (c) tracking, by the cash flow manager, use of cash by the household across each of the pay sub-account, the spend sub-account and the save sub-account against a corresponding sub-account budget plan of the cash flow management plan for the household account.
A system for automatically managing cash flow of a household, the system comprising:
- a cash flow manager executing on one or more servers;
- a household account maintained by the cash flow manager, the household account comprising a pay sub-account, a spend sub-account and a save sub-account of a household;
- a cash flow management plan of the household configured via the cash flow manager and stored in association with the household account;
- wherein the cash flow manager identifies receipt of an amount of income from one or more sources of income of a household into the household account and responsive to the receipt of the amount of income automatically allocates amounts from the amount of income into each of the pay sub-account, the spend sub-account and the save sub-account of the household account in accordance with the cash flow management plan;
- and
- wherein the cash flow manager tracks use of cash by the household across each of the pay sub-account, the spend sub-account and the save sub-account against a corresponding sub-account budget plan of the cash flow management plan for the household account.
Dependencies are inferred from the claim text.