System and method for automated financial management for multi-user budgeting

A method comprising:

• during a first time period:
• accessing a first financial statement of a first user, the first financial statement comprising a first set of expenses initiated by the first user;
• based on the first set of expenses, predicting a first budget deficit occurring during the first time period;
• and
• in response to the first budget deficit falling within a first deficit range:
• identifying a first set of discretionary expenses, in the first set of expenses, corresponding to the first budget deficit based on a first set of language signals extracted from the first financial statement;
• generating a first electronic notification describing the first budget deficit and the first set of discretionary expenses;
• and
• transmitting the first electronic notification to a second user affiliated with the first user;
• and
• during a second time period succeeding the first time period:
• accessing a second financial statement of the first user, the second financial statement comprising a second set of expenses initiated by the first user;
• based on the second set of expenses, predicting a first budget surplus during the second time period;
• and
• in response to predicting the first budget surplus:
• generating a second electronic notification describing the first budget surplus and excluding description of the second set of expenses;
• and
• transmitting the second electronic notification to the second user.

A method comprising:

• accessing an expected income defined for a first user during a first time period;
• accessing a target savings amount defined for the first user during the first time period;
• accessing a set of committed expenses predefined for the first time period for the first user;
• and
• during the first time period:
• at a first time, transferring the target savings amount from a primary account affiliated with the first user to a savings account affiliated with the first user;
• at a second time, sequestering a first financial amount, from the primary account, allocated for payment of the set of committed expenses;
• tracking a timeseries of expenses initiated by the first user;
• based on the expected income, the timeseries of expenses, and a first financial amount remaining in the primary account, predicting a spending deficit of a first deficit amount at a third time, succeeding the first time and the second time, during the first time period;
• and
• in response to predicting the spending deficit of the first deficit amount:
• accessing a second financial amount remaining in the savings account;
• and
• in response to the second financial amount remaining in the savings account exceeding the first deficit amount:
• generating a prompt to transfer the first deficit amount from the savings account into the primary account;
• assigning a first penalty to the first deficit amount transferred from the savings account into the primary account;
• generating an electronic notification comprising the prompt and describing the first penalty;
• and
• transmitting the electronic notification to the first user.