Patent ID: 7050997
Filing Date: 2006-05-23
Classification: G06Q

Abstract:
1. A personal financial management software program embedded on computer-readable media for recording, predicting, and comparing financial data, comprising: a graphical user interface for creating, manipulating and displaying system tools, the system tools including a current activity tool, a planning analysis tool and a budgeting analysis tool; the current activity tool enabling users to enter current updates to financial transaction data objects and display a to-do list of activities prompting users to implement projected financial activity in the planning analysis tool; the planning analysis tool enabling users to graphically plan and model financial activity by entering projected financial planning transaction objects and simulating financial activity from an earliest past date to a latest future data and including a financial activity simulator to identify, depict and eliminate discrepancies and shortfalls in the modeled transaction objects; the budgeting analysis tool enabling users to compare current financial activity with simulated financial activity from the financial activity simulator showing actual and simulated cash flows, and enabling users to minimize differences between the actual and simulated cash flows; and template objects comprising groups of related account, category and transaction objects representing multiple cash flows over a user-specified period of time, the template objects being created, manipulated, and displayed by users for simplified financial planning, budgeting and forecasting using the current activity tool, the planning analysis tool, and the budgeting analysis tool.