Abstract:
A computer-implemented method for managing monetary resources includes establishing an account for depositing and maintaining monetary resources; establishing governing parameters; and utilizing monetary resources based on the governing parameters.

Description:
CROSS-REFERENCE TO RELATED APPLICATION 
       [0001]    This application claims priority from U.S. Provisional Patent Application 61/297,074 filed Jan. 21, 2010, entitled “FUND MANAGEMENT SYSTEM AND METHOD.” 
     
    
     BACKGROUND OF INVENTION 
       [0002]    This application relates generally to monetary resources and more particularly systems and methods for computer-implemented management of monetary resources. 
       SUMMARY 
       [0003]    The ongoing management of one&#39;s monetary resources typically involves a substantial amount of time in establishing an account, establishing appropriate investment vehicles, determining the appropriate insurance level, acquiring loans, research, and the like. Coordinating the flow of monetary resources between accounts, investments, and payment of financial obligations also consumes a substantial amount of time. Moreover, optimizing the availability and growth of monetary resources is also difficult and time consuming. Therefore, there exists a significant need for an improved system and/or method for optimizing the management and use of monetary resources. 
         [0004]    In one embodiment, a computer-implemented method for managing monetary resources comprises: establishing an account for depositing and maintaining monetary resources; establishing governing parameters; and utilizing monetary resources based on the governing parameters. 
     
    
     
       BRIEF DESCRIPTION OF THE DRAWINGS 
         [0005]    The drawings, when considered in connection with the following description, are presented for the purpose of facilitating an understanding of the subject matter sought to be protected. 
           [0006]      FIG. 1  is a schematic diagram of system for managing monetary resources; and 
           [0007]      FIG. 2  is a flow diagram of a method for managing monetary resources. 
       
    
    
     DETAILED DESCRIPTION 
       [0008]    Referring now to  FIG. 1 , an illustrative system  100  for managing monetary resources is shown. The system  100  may be implemented in hardware, software, or a suitable combination of hardware and software, and which can be one or more software systems operating on a general purpose server platform. As used herein, a hardware system can include discrete semiconductor devices, an application-specific integrated circuit, a field programmable gate array or other suitable devices. A software system can include one or more objects, agents, threads, lines of code, subroutines, separate software applications, user-readable (source) code, machine-readable (object) code, two or more lines of code in two or more corresponding software applications, databases, or other suitable software architectures. In one exemplary embodiment, a software system can include one or more lines of code in a general purpose software application, such as an operating system, and one or more lines of code in a specific purpose software application. 
         [0009]    The system  100  may include a plurality of sub-systems or modules. The illustrative system  100  may include an authorization module  102  configured to limit access to the system  100  to only authorized users. The authorization module  102  may accept any suitable user information to confirm the identity of an authorized user, including, but not limited to, user name, password, social security number, personal-identification-number, or any other suitable information. The identifying user information may be established at initial set-up for the user or any other suitable time. The identifying information may be entered with an alphanumeric keyboard, a numeric keyboard, a magnetic stripe card, or any other suitable means or device. Suitable users may include, without limitation, an owner of an account, a fiduciary, or any other suitable person or entity. 
         [0010]    The system  100  may also include an account module  104 . The account module  104  may interface with a user&#39;s financial account at a financial institution. The financial account may be any suitable account, including, but not limited to, a savings account, checking account, etc. The financial account may be owned by any suitable entity, including, but not limited to, an individual, government, corporation, not-for-profit organization, or any other suitable entity. The account module  104  may be operable to manage deposits, withdrawals, or the like, to or from the financial account. The account module  104  may be combined in one or more ways, such as linked, nested, arrayed, etc., with other similar or different types of accounts and/or account module  104  iterations. 
         [0011]    The system  100  may also include an investment module  106 . The investment module  106  may interface with any suitable investment service provider with any suitable investment vehicle. As per the guidelines established within the monetary resources management module  110 , as will be discussed further below, and via the authorization module  102 , the investment module  106  may receive and distribute monetary resources to and from any of the account module  104 , an appropriate lending entity via the loan module  107 , and an appropriate insurance entity via the insurance module  108 . 
         [0012]    The system may include a loan module  107 . The loan module  107  may interface with any suitable lending entity. The loan module  107  may manage the flow of monetary resources to and from the lending entity and at least one of the financial account via account module  104 , insurance entity via the insurance module  108 , and investment entity via the investment module  106 . 
         [0013]    The system may include an insurance module  108 . The insurance module  108  may interface with any suitable insurance entity. The insurance module  108  may manage the flow of monetary resources to and from the insurance entity and at least one of the financial account via account module  104 , loan entity via the loan module  107 , and investment entity via the investment module  106 . 
         [0014]    The system  100  may also include a monetary resource management module  110 . The monetary resource management module  110  may be configured to optimize the flow of monetary resources and increase the amount of monetary resources available. The monetary resource management module  110  may initially receive information specific to a user so that the module  110  may manage the user&#39;s monetary resources in accordance with the user&#39;s desires. Suitable information may include, but is not limited to, allocation, purpose, deposits, risk tolerance, preferred investment vehicle(s), debt tolerance, or any other suitable criteria. Once the initial user criteria are established, the monetary resource management module  110  may manage monetary resources in accordance therewith. The monetary resource management module  110  may interface and collect any suitable data from any other module for the purposes of managing the monetary resources, including, but not limited to, interest rates, premium fees, tax rates, service fees, or any other suitable data. Additionally, the monetary resource management module  110  may authorize certain investments, payment of taxes, payment of premiums, payment of disbursements, deposits, loan payments, or any other suitable action. The monetary resource management module  110  may employ any suitable equation or logic using any of the aforementioned information or data in determining the optimal course of action at any given time. Also, in one embodiment, the monetary resource management module  110  may include a review and revise function whereby a user may override, change, or add to any guidelines or limitations that may previously have been established through the monetary resource management module  110 . An example might be that the user might change the account usage parameters to allow the user to manually manage the monetary resources either in part or in full. 
         [0015]    The system  100  may also include a record/archive module  112 . The record/archive module  112  may be configured to record or archive any activity associated with the system  100 . For example, and without limitation, the record/archive module  112  may log monetary resource transfers, monetary resource deposits, user log-ins, failed log-in attempts, monetary resource disbursements, withdrawals, user queries, changes in the user&#39;s profile or monetary resource management criteria, or any other suitable activity, and the record/archive module  112  may archive electronic documents or other suitable information that may be supplied by an entity associated with or interfacing with the account module  104 . 
         [0016]    The system  100  may further include a report module  114 . The report module  114  may be configured to generate reports for review by a user. The report module  114  may interface with and collect relevant data from any other module of the system  100 . The report module  114  may be configured to generate predetermined reports at predetermined intervals. Alternatively, a user may define a custom report and generate such report(s) at will. Suitable information that may be included in reports may include, without limitation, user queries, deposits, withdrawals, payments, disbursements, other transactions, or any other suitable information. 
         [0017]    It will be appreciated that the forgoing modules are illustrative only and not limiting in any way and that systems having fewer modules than those illustrated or systems having more modules than those illustrated are expressly contemplated and considered within the scope of the present disclosure. The system may include any of the modules previously discussed in any suitable combination and remain within the scope of the present disclosure. 
         [0018]    Referring now to  FIG. 2 , an illustrative flow diagram  200  of a method for managing monetary resources is shown. First, an account is established  202 . The account may be any suitable account for storing monetary resources, including, but not limited to, a savings account, checking account, or the like. Next, an investment product may be established  203 . The investment product may be comprised of any suitable investment vehicle. Next, an insurance product may be established  204 . The insurance product may be comprised of any suitable insurance vehicle. Next, a loan product may be established  205 . The loan product may be comprised of any suitable loan vehicle. Next, governing parameters for governing the optimization of the monetary resources may be established  206 . Suitable parameters include, without limitation, deposits, allocation, risk tolerance, preferred investment vehicle(s), debt tolerance, or any other suitable criteria. Beneficiaries for receiving any remaining monetary resources may then be established  208 . Monetary resources may be employed as per the governing parameters. Periodic reports may be ordered  209 . A record/archive of all monetary resource activity may then be created and established  210 . The record/archive activity  210  may maintain a historical record of monetary resource transfers, monetary resource deposits, user log-ins, failed log-in attempts, monetary resource disbursements, withdrawals, user queries, changes in the user&#39;s profile or monetary resource management criteria, or any other suitable activity or digital document associated with the account, such as those that might be generated within the system  200  or from vendors and/or entities interfacing with the system  200 . 
         [0019]    While the present disclosure has been described in connection with what is considered the most practical and preferred embodiment, it is understood that this disclosure is not limited to the disclosed embodiments, but is intended to cover various arrangements included within the spirit and scope of the broadest interpretation so as to encompass all such modifications and equivalent arrangements.