Patent ID: 8090656
Filing Date: 2012-01-03
Classification: G06Q

Abstract:
1. A method for saving money with mobile devices comprising the steps of: providing a plurality of mobile devices, each of the plurality of mobile devices belonging to a user of a plurality of users, the plurality of users having a savings goal; creating an electronic account; computing a periodic sum of money to be saved by the plurality of users according to the savings goal; receiving a first electronic message from a first mobile device of the plurality of mobile devices, the first electronic message comprising a description by the user of the first mobile device and an amount of money not spent; storing the description and the amount in the account; computing a running total of the amount of money not spent; transmitting a second electronic message to all of the plurality of mobile devices except the first mobile device, the second electronic message comprising the description, the amount not spent by the user, and an identifier identifying the user of the first mobile device; and repeating the steps of receiving, storing, computing a running total, and transmitting until the savings goal is reached.