Educational savings apparatus and method

Details Educational savings apparatus and method Educational savings apparatus and method

1997-04-01

1998-02-10

Hirsch, Paul J.

Education and demonstration

Business or economics

446 8, G09B 1918

Patent

active

057162115

ABSTRACT:
An educational savings bank and toy is provided that includes a plurality of separate monetary input and storage locations that correspond to different budgetary categories, that automatically calculates an appropriate distribution of funds for each budgetary category based on a preselected percentage of money available to invest, and that automatically calculates the future value of funds in each budgetary category based on a user's age and a preselected time-frame and interest rate appropriate for that budgetary category. Written investment instructions are provided to advise the user on appropriate actual investments for the money totals saved in each category based on the budgetary goal of that category. One embodiment includes a base member with a plurality of representative figures selected to represent each discrete budgetary category and includes a microprocessor that calculates and displays the amounts of an investment total to be allocated to each budgetary account, and their future values.

REFERENCES:
patent: D160133 (1950-09-01), Thompson
patent: 2230699 (1941-02-01), Schulze
patent: 2297011 (1942-09-01), Mooney
patent: 2883765 (1959-04-01), Blaine
patent: 3035355 (1962-05-01), Holmes
patent: 3992805 (1976-11-01), Arkin
patent: 5429373 (1995-07-01), Chelko et al.
patent: 5470235 (1995-11-01), Papaleo
patent: 5482487 (1996-01-01), Harris
patent: 5577915 (1996-11-01), Feldman

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