Savings Education And Management System

Organization Name

Inventor(s)

Annamarie Shoen of Paradise Valley AZ (US)

Savings Education And Management System - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240273504 titled 'Savings Education And Management System

The patent application describes an improved savings education and management system that includes a base unit designed to look like an egg, a mobile unit, and a computer server storing user account information.

The base unit features a processor, memory, display, and buttons, while the mobile unit includes a processor, memory, and display.
The computer server holds a database with user accounts, financial accounts, and corresponding instructions for the base and mobile units.
The base unit displays information related to the user account on its display, triggered by pressing one of the buttons.
The mobile unit can transmit instructions to the server to debit one of the financial accounts linked to the user account.

Potential Applications: - Personal finance management tools - Educational tools for teaching savings and financial literacy

Problems Solved: - Lack of engaging and interactive tools for financial education - Difficulty in managing multiple financial accounts effectively

Benefits: - Encourages savings and financial responsibility - Provides a user-friendly and visually appealing interface for managing finances

Commercial Applications: Title: Innovative Savings Education and Management System This technology could be used by banks, financial institutions, and educational organizations to offer interactive and engaging financial education tools to their customers or students.

Questions about the technology: 1. How does the base unit's egg-shaped design enhance the user experience? The egg-shaped design adds a unique and playful element to the savings education system, making it more visually appealing and engaging for users.

2. What sets this savings education and management system apart from existing financial management tools? This system combines educational content with practical financial management features, offering a comprehensive solution for users looking to improve their financial literacy and savings habits.

Original Abstract Submitted

an improved savings education and management system includes a base unit including a processor, non-transitory computer-readable memory, a display, and buttons, wherein the base unit includes a housing which presents an appearance of an egg. a mobile unit includes a processor, non-transitory computer-readable memory, and a display. a computer server includes a processor and non-transitory computer-readable server memory storing a database including a user account, the user account having financial accounts and corresponding to the base unit and the mobile unit. the base unit includes instructions stored in the memory that present on the display information related to the user account which corresponds to the one of the buttons. the mobile unit includes mobile instructions stored in the memory that transmit an instruction to the computer server to debit one of the financial accounts.