Patent ID: 8554652

Claim:
An automated method for providing a borrowing scheme, the method comprising the steps of: receiving a time-based spending alert threshold designation from a user via a network; receiving a designation of at least one category of transactions from the user via the network; receiving an allocation, from the user, of a portion of the time-based spending total threshold designation to the at least one category; automatically allocating one or more user transactions to the at least one category using a programmed computer processor upon the one or more user transactions meeting criteria for the at least one category; notifying the user via the network of a status of the time-based spending alert threshold designation for the at least one category comprising information that the time-based spending alert threshold designation is being approached or surpassed; and automatically modifying, by the programmed computer processor, the portion of the time-based spending alert threshold designation designated for a particular category for an upcoming period of time upon the portion being surpassed for the particular category.