Description:FORM 2
THE PATENTS ACT 1970
(39 of 1970)
&
THE PATENTS RULES, 2003
COMPLETE SPECIFICATION
[See section 10 and rule 13]

A SYSTEM AND METHOD FOR PERSONALIZED HOLISTIC EDUCATIONAL PLANNING INCLUDING ITS FINANCIAL MANAGEMENT

We, Invest4Edu Private Limited, an Indian Company having its registered office at 308, A Wing, Gokul Arcade, Near Garware House, Sahar Road,Ville Parle (East), Mumbai, Maharashtra, 400057, India

The following specification particularly describes the invention and the manner in which it is to be performed.
 

TECHNICAL FIELD
The present invention relates generally to the field of education management and financial planning for automatizing the personalized approach to education and career journey planning and financial management to guide children and their families from early education through post-graduation, ensuring both academic success and financial sustainability, more specifically, to a method for personalized holistic educational planning and financial management.
BACKGROUND OF THE INVENTION
Conventional approaches to educational planning and financial management for children typically involve fragmented services and tools that operate in isolation, such as standalone psychometric tests, career counseling, and financial advisory services. These traditional methods do not offer a holistic view of a child's education and career journey or provide seamless integration between academic planning and financial management. As a result, parents and children often struggle to piece together multiple services to plan for long-term academic success while simultaneously managing financial sustainability, thus inturn limits the student to reach to their true potential
Existing solutions typically lack personalization and are unable to adapt to the unique educational needs, career aspirations, and financial capabilities of individual families. Parents often face difficulties in understanding the financial implications of their child’s education and career journey, including tuition fees, living expenses, and extracurricular costs, without a clear plan to fund these expenses over time. Additionally, there is often a lack of guidance in selecting appropriate investment strategies to ensure that the education and career journey is financially viable.
The absence of a consolidated system that can dynamically adjust based on real-time data—such as a child’s evolving interests, academic performance, and financial circumstances—further complicates the education and financial planning process. Current systems also fail to continuously provide data-driven insights into emerging educational trends, skill development opportunities, and relevant financial investments, leaving gaps in both academic and financial preparedness.
Therefore, there is a need in the art for a method that integrates personalized educational planning and financial management into a unified platform, offering parents and children a comprehensive, automated solution that adapts to their specific academic and financial needs throughout the education and career journey. This method should provide real-time insights, personalized guidance, and seamless management of both educational and financial goals to ensure children reach their full academic potential while maintaining financial sustainability.
OBJECT OF THE INVENTION
An object of the present invention is to provide a method for personalized holistic educational planning integrated with financial management, allowing families to plan a child's education and career journey while managing the associated financial aspects.
Another object of the present invention is to provide a visual timeline of the complete educational journey of a child, including recommended preparatory courses, career counseling, and other educational services like skill building, profile building, right college and course selection, to support the child's development at every stage.
Yet another object of the present invention is to enable tracking of investment plans and educational expenses through portfolio management, ensuring the financial viability of the educational plan throughout the child’s academic journey.
Yet another object of the present invention is to make the education journey adaptable based on the emerging trends as well as change in the interests of the student enabling them to follow their passion.
SUMMARY OF THE INVENTION
According to an aspect of the present invention, there is provided a method for providing financial planning and educational support, the method comprises the steps of: presenting a psychometric test to a user and receiving one or more responses for analysis, generating a synopsis of an education and career journey based on the psychometric test and the one or more responses as additional input data, estimating financial expenses based on the generated education and career journey synopsis, including one or more educational expenses, one or more tuition fees, and one or more living expenses, suggesting options for portfolio and presenting the financial expenses in the education and career journey with a timeline and detailed financial expenses breakdowns, presenting investment strategies options customized for the educational journey, estimating sequence and duration of one or more educational stages and displaying a visual timeline of the complete education and career journey, monitoring the portfolio with the investment strategies options and expenditures and providing access to financial tools including one or more cost calculators, one or more portfolio analyzers, and one or more education loan options, providing one or more data driven insights and then generating one or more reports.
In accordance with an embodiment of the present invention, the synopsis of education includes information related to education, one or more career goals, one or more targets, one or more milestones, one or more preferences, aptitude, learning style, emotional quotient assessment or a combination thereof.
In accordance with an embodiment of the present invention, the psychometric test includes one or more aptitude tests, one or more personality tests, one or more emotional intelligence assessment tests or one or more cognitive ability tests.
In accordance with an embodiment of the present invention, the portfolio with the one or more investment strategies includes one or more saving plans, one or more risk management strategies accounting for market volatility and inflations, one or more investment strategies, one or more insurance policies, one or more scholarships, or one or more tax considerations.
In accordance with an embodiment of the present invention, the one or more responses include choice of career, choice of country for education, choice of plan and services, choice of college for education, choice of course for education, payment-related options or a combination thereof.
In accordance with an embodiment of the present invention, the one or more data-driven insights include machine learning algorithms analyzing educational trends and outcomes, predictive models forecasting future job market demands, comparative analysis of the child's progress against predetermined benchmarks, real-time data on educational institution performance, admission criteria or a combination thereof.
In accordance with an embodiment of the present invention, the step of providing access to a user interface that may allow the user to view and interact with the education and career journey timeline, adjust financial planning parameters in real-time, access and review all generated reports, communicate with educational and financial advisors through the platform or a combination thereof.
In accordance with an embodiment of the present invention, the one or more reports including the child's progress, ongoing financial planning status, one or more suggested fields of study, one or more courses, one or more workshops, one or more preparatory programs, one or more extracurricular activities, or one or more adjustments to ensure the viability of the educational journey.
In accordance with an embodiment of the present invention, the visual timeline of the complete education and career journey, including one or more preparatory courses, one or more career counselling’s, one or more profile building services, and one or more educational services.
According to another aspect of the present invention, there is provided a system for providing financial planning and educational support, the system comprises user interface (2022), a memory storage (1080), a processing module (121) operably connected to the user interface (2022), the memory storage (1080) through a cloud (106). The processing module (121) is configured to:present a psychometric test to a user (20) and receiving one or more responses for analysis; wherein the one or more responses are used to create a persona of the user (20), generate a synopsis of an education and career journey based on the psychometric test, the persona, and the one or more responses as additional input data, estimate financial expenses based on the generated education and career journey synopsis, including one or more educational expenses, one or more tuition fees, and one or more living expenses, taking into account inflation and one or more market trends, create a portfolio and presenting the financial expenses in the education and career journey with a timeline and detailed financial expenses breakdowns, present one or more investment strategies customized for the educational journey, wherein the one or more investment strategies include personalized savings plans, scholarships, loans, and one or more financial aids, estimate sequence and duration of one or more educational stages and displaying a visual interactive timeline of the complete education and career journey, including key stages such as college matching, monitor the portfolio with the one or more investment strategies and expenditures and providing access to financial tools including one or more cost calculators, one or more portfolio analyzers, and one or more education loan options, provide one or more data driven insights and then generating one or more reports summarizing educational progress and financial status.

BRIEF DESCRIPTION OF THE DRAWINGS
So that the manner in which the above recited features of the present invention can be understood in detail, a more particular description of the invention, briefly summarized above, may have been referred by embodiments, some of which are illustrated in the appended drawings. It is to be noted, however, that the appended drawings illustrate only typical embodiments of this invention and are therefore not to be considered limiting of its scope, for the invention may admit to other equally effective embodiments.
These and other features, benefits, and advantages of the present invention will become apparent by reference to the following text figure, with like reference numbers referring to like structures across the views, wherein:
Figure 1 illustrates a system for implementing the method for personalized educational planning and financial management, in accordance with an embodiment of the present invention;
Figure 2 illustrates user interaction with the system, in accordance with an embodiment of the present invention;
Figure 3 illustrates an information flow diagram of the system, in accordance with an embodiment of the present invention;
Figure 4 illustrates a method flow diagram for the system, in accordance with an embodiment of the present invention; and
Figure 5 illustrates user interface for the system for calculation, in accordance with an embodiment of the present invention.
DETAILED DESCRIPTION OF THE DRAWINGS
While the present invention is described herein by way of example using embodiments and illustrative drawings, those skilled in the art will recognize that the invention is not limited to the embodiments of drawing or drawings described and is not intended to represent the scale of the various components. Further, some components that may form a part of the invention may not be illustrated in certain figures, for ease of illustration, and such omissions do not limit the embodiments outlined in any way. It should be understood that the drawings and detailed description thereto are not intended to limit the invention to the particular form disclosed. Still, on the contrary, the invention is to cover all modifications, equivalents, and alternatives falling within the scope of the present invention as defined by the appended claims. As used throughout this description, the word "may" is used in a permissive sense (i.e., meaning having the potential to), rather than the mandatory sense, (i.e., meaning must). Further, the words "a" or "an" mean "at least one” and the word “plurality” means “one or more” unless otherwise mentioned. Furthermore, the terminology and phraseology used herein are solely used for descriptive purposes and should not be construed as limiting in scope. Language such as "including," "comprising," "having," "containing," or "involving," and variations thereof, is intended to be broad and encompass the subject matter listed after that, equivalents, and additional subject matter not recited, and is not intended to exclude other additives, components, integers or steps. Likewise, the term "comprising" is considered synonymous with the terms "including" or "containing" for applicable legal purposes. Any discussion of documents, acts, materials, devices, articles, and the like is included in the specification solely to provide a context for the present invention. It is not suggested or represented that any or all of these matters form part of the prior art base or were common general knowledge in the field relevant to the present invention.
In this disclosure, whenever a composition or an element or a group of elements is preceded with the transitional phrase “comprising”, it is understood that we also contemplate the same composition, element, or group of elements with transitional phrases “consisting of”, “consisting”, “selected from the group of consisting of, “including”, or “is” preceding the recitation of the composition, element or group of elements and vice versa.
The present invention discloses a comprehensive or one stop solution for planning and managing a child's holistic personalized educational journey, integrating both educational and financial planning. It may include assessing the child's interests, aptitudes, and career preferences through psychometric tests. Based on these assessments, the system may generate a personalized education and career plan, outlining key milestones such as relevant courses, workshops, and career paths. It may estimate associated costs for the entire educational journey, including tuition fees and living expenses, and suggests investment strategies configured to meet these financial requirements. A visual timeline of the complete education and career journey may be generated, allowing users to track progress and financial planning in real time. The system may continuously monitor the educational and financial plan, providing real-time insights and adjustments based on changes in educational trends, career goals, or financial market conditions. The seamless integration may ensure that both the educational and financial aspects of a child's journey are aligned and optimized for success.
The present invention is described hereinafter by various embodiments with reference to the accompanying drawing, wherein reference numerals used in the accompanying drawing correspond to the like elements throughout the description. This invention may, however, be embodied in many different forms and should not be construed as limited to the embodiment set forth herein. Rather, the embodiment is provided so that this disclosure will be thorough and complete and will fully convey the scope of the invention to those skilled in the art. In the following detailed description, numeric values and ranges are provided for various aspects of the implementations described. These values and ranges are to be treated as examples only and are not intended to limit the scope of the claims.
The present invention introduces a secure storage system that provides flexible, intelligent control over access, operation, and preservation of valuable assets. It offers real-time monitoring and adaptive management based on user presence-identification. The system enhances security and decreases the risk of damage or theft compared to traditional storage solutions.
Referring to the drawings, the invention will now be described in more detail.
Figure 1 illustrates a system for implementing the method for personalized educational planning and financial management. As shown in Figure 1, the system (100) may have one or more components selected from, but not limited to, a memory storage (1080), one or more user devices (202). The processing module (121) may include one or more communication modules (1082), at least one processor (1084), and a memory unit (1086). These one or more components may be in a network interconnected using a cloud (106) and one or more communication modules (1082) between them to facilitate the flow of data and instructions within the system (100).
Figure 2 illustrates user interaction with the system, in accordance with an embodiment of the present invention. As shown in the Figure 2, the one or more user devices (202) may include a user interface (2022). The user interface (2022) in the system (100) may include one or more hardware components such as, but not limited to, one or more displays (2026), one or more cameras, and one or more microphones (2024) and one or more pointing devices or a combination thereof. It may further include one or more software’s facilitating the interaction between a user (20) and the one or more displays (2026), one or more cameras (2022), and one or more microphones (2024), a memory storage (1080), one or more user devices (202) and one or more pointing devices or a combination thereof.
The user interface (2022) may be configured to present received data from the processing module (121) to the user (20). The received data may be presented as one or more audios, one or more videos, one or more animations, one or more texts or combination thereof.
The user interface (2022) may be operable connected to a pointing device, a voice recognition, speech recognition modules or image processing module through the processing module (121).
The processing module (121) may execute machine-readable instructions stored within the memory unit (108). The processing module (121) may interact with the memory storage (1080) for additional or lengthy methods, one or more modules and algorithms. The one or more modules configured to analyse physical behaviours and performing educational and financial planning tasks.
The processing module (121) may be a general-purpose processing module (121), an application-specific integrated circuit or ASIC, or a field-programmable gate array or FPGA or a micro controller unit (MCU) or a micro processing unit (MPU). The memory unit in the system (100) may be configured to store machine-readable instructions that, when executed by the processing module (121), enable the computer system (100) to perform a multitude of functions relevant. The memory unit can be selected from a combination of a group comprising, but not limited to, Electrically Programmable Read-Only Memory or EPROM, Electrically Erasable Programmable Read-Only Memory or EEPROM, and Flash memory, Solid State Drives, Hard Disk Drives. The memory unit can be loaded with machine-readable instructions from a non-transitory machine-readable medium, such as, but not limited to, CD-ROMs, DVD-ROMs, and Flash Drives. Alternatively, the machine-readable instructions can be loaded in the form of a computer software program into the memory unit. In some embodiments processing module (121) may also include one or more controllers such as, but not limited to, an Arduino board, Atmel, AVR, STM, PIC, DSPIC etc... microcontrollers, Raspberry Pi, DSP kit or other single-board computer or combination thereof. The entire setup depicted may be configured to be indicative of a robust system (100) that prioritizes inspection functionality. The one or more controllers may be configured to interact with the processing module (121) by means of serial/wired communication protocols.
In some embodiments, the system (100) may include the communication modules (1082) specifically configured to enable wireless connections with the one or more user devices, and the one or more service provider devices over the communication network. The communication module may be configured for seamless wireless communication within the system (100), ensuring efficient and secure data transfer and interactions between these components. The wireless capabilities of the communication module extend to its integration with the one or more user devices, the one or more service provider devices, essential for the real-time data processing and secure data handling required by the system (100). The module supports various wireless communication protocols, such as Wi-Fi, Bluetooth, LTE, 5G, GPRS, and SMS., allowing for flexible and robust connectivity options. These protocols enable the system (100) to maintain continuous and reliable wireless connections, which are vital for the dynamic updating and real-time data processing functionalities of the system (100). In some embodiments, the processing module (121) may connect to multiple components and subsystems via data and power cables and/or serial.
The system (100) may include one or more user devices (202). The one or more user devices (202) may encompass a range of computing devices, including, but not limited to, desktop PCs, laptops, PDAs, and handheld computing devices such as smartphones and tablets. Each device may be equipped with micro-processing modules that facilitate processing and communication capabilities, enabling them to interface seamlessly with the computer system (100) through wired and/or wireless connections. In some embodiments of the invention, the processing module (121) may store one or more data such as, but not limited to, faults occurrence, habits of the user (20) or other patterns. It may analyze the one or more data for automatic optimization and may give logical suggestions to performing educational and financial planning tasks.
Figure 3 illustrates a method flow diagram for providing financial planning and educational support, in accordance with an embodiment of the present invention. As shown in Figure 3, the method (400) may include the following steps (with reference to Figure 2 for the system):
Step 402: Presenting one or more psychometric tests to the user through the user interface (2022) and receiving one or more responses for analysis. The system (100) may be configured to present one or more psychometric tests to the user (20) via the user interface (2022). The psychometric tests may aim to assess the child’s interests, aptitudes, and career inclinations. The psychometric tests may include the following steps:
Administering psychometric assessment. The user (20) may complete a standardized psychometric test.
Collecting data. User responses, demographic information, and other relevant data are gathered.
Analyzing data using machine learning/statistics. The collected data may be processed using one or more techniques. The one or more techniques may include one or more analytical techniques, reinforcement learning techniques selected from, but not limited to, multi-armed bandit approach, Q-learning, policy gradient methods, deep Q-networks or a combination thereof.
Identifying academic strengths and learning styles. The system may evaluate cognitive abilities, academic preferences, and learning patterns.
Identifying potential career aptitudes. The user's interests, personality traits, and aptitudes for various career paths are assessed.
Generating psychometric assessment results. The analysis outcomes may be compiled into a comprehensive report.
Providing personalized recommendations. Based on the assessment results, configured suggestions for academic and career development may be presented to the user.
The user interface (2022) may display one or more questions on a screen, and the user's one or more responses may be captured through input devices such as touchscreens, keyboards, or voice commands. The user may be the child himself or his or her parents. The parents (referred here) may be his or her biological parents or caretaker or even guardians. The one or more responses may be processed and analysed by the processing module (121) to generate a personalized educational plan.
These one or more questions may help understand a child's habits, values, and the family's expectations. The system may use these answers to refine educational plans, potentially ensuring they fit both the child's personality and family preferences. Examples of such questions may include:
What may be your child's favourite activities or hobbies outside of school?
Which subjects may your child show the most interest or excitement in?
Do you may have any particular career aspirations for your child?
May there be specific skills you want your child to develop during their educational journey?
How may you rate your child's social skills (e.g., making friends, teamwork, communication)?
What kind of career may you believe would best suit your child's personality and strengths?
May there be specific financial goals you have regarding your child's education?

Family Values and Support:
What values or principles may you want your child's education to emphasize?
How involved may you prefer to be in your child's academic decision-making process?
How may you support your child's academic growth at home?
What types of schools/colleges may you prefer for your child?

Financial Preferences:
May you be willing to explore financial aid or scholarships for your child's education?
How much may you be prepared to invest in your child's education?
May you prefer a college close to home, or would distance not be a problem?
May you be considering specific savings or investment options for your child's education?
Using Anonymized Data for Peer Comparison:
The system may gather anonymized data from other students with similar profiles. Using this data, the system may create benchmarks for academic performance, extracurricular achievements, and skill development. It may highlight areas where the child is excelling compared to peers and areas where improvement may be needed.
Example Implementation:
Strengths: If the child may be in the top 10% for cognitive abilities in mathematics compared to their peers, this could be highlighted to encourage pursuing mathematics-related careers.
Areas for Improvement: If peers in similar career paths may be taking more extracurricular activities in science, technology, engineering, and mathematics, the system may suggest the child participate in similar activities to enhance their profile.
Step 404: Generating a synopsis of an education and career journey based on the psychometric test and one or more responses as additional input data. Once the one or more psychometric test responses are analyzed, the system may (100) generate a synopsis of the child’s education and career journey. The synopsis may be created based on the one or more responses and additional input data, such as the child's academic history, career goals, and preferences. The processing module (121) may be configured to process the information to produce a comprehensive and personalized education plan.
Step 406: Estimating financial expenses based on the generated education and career journey synopsis, including one or more educational expenses, one or more tuition fees, and one or more living expenses. The system (100) may estimate the financial expenses related to the education and career journey. The one or more expenses may include one or more educational expenses, one or more tuition fees, and one or more living expenses. The processing module (121) may be configured calculate the financial requirements for the journey and presents a detailed breakdown to the user (20).
Step 408: Creating a portfolio and presenting the financial expenses in the education and career journey with a timeline and detailed financial expenses breakdowns. The system (100) may create a portfolio that presents the one or more financial expenses in the education and career journey, including a timeline. The portfolio may provide a detailed breakdown of financial expenses and investment strategies required to meet educational goals. The portfolio may be displayed to the user (20) through the user interface (2022).
Step 410: Presenting one or more investment strategies customized for the educational journey. The system (100) may suggest one or more investment strategies that are customized for the educational journey. The one or more investment strategies may include one or more savings plans, education loans, or scholarships configured to cover the projected educational expenses. For example, it may suggest SIP plans and calculate SIP (refer figure 4). It may include the following steps:
Presenting the SIP calculator interface to the user. The system displays a user interface (2022) with options for SIP, Lumpsum, Fixed Deposit, and EMI (Edu Loan) calculators. As shown in the figure 4, it may include tools for inputting SIP amounts, expected return rates, and durations. Real-time results, including the total invested amount, wealth gained, and actionable buttons like “Invest Now” and “Get Expert Advice,” are provided.
Capturing user inputs for the SIP calculation.
Figure 4 illustrates a user interface for the system for calculation, in accordance with an embodiment of the present invention. As shown in the Figure 4, the user interface (2022) may allow one or more input of: Monthly SIP Amount (₹), Expected Return Rate (% p.a.), SIP Period (in years).
Performing SIP calculations based on user inputs. The system may process the inputs to determine: Total Invested amount, Wealth Gained, Total Wealth
Displaying calculation results and investment breakdown. The user interface (2022) may show: a pie chart illustrating the break-up of total investment, total invested amount (for example ₹1200 as shown in Figure 5), wealth gained (for example ₹33 as shown in figure 5), total wealth (for example ₹1,233 as shown in Figure 5), providing investment options and expert advice. The system may offer: an "invest now" button for immediate action, option to "get expert's advice" for education goals, information on various investment types (mutual fund, fixed deposit, education loan, protection).
Step 412: Estimating sequence and duration of one or more educational stages and displaying a visual timeline of the complete education and career journey. The system (100) may estimate the sequence and duration of one or more educational stages involved in the child’s career journey. A visual timeline may generate and display, outlining the entire educational journey from early education to post-graduation. For example, it may help with Career Guidance. It may include the following steps:
Collecting user inputs on personal interests and skills. The system gathers information about the user's preferences and abilities.
Gathering background information. Additional relevant data about the user's background is collected.
Conducting psychometric assessments. The system administers standardized tests to evaluate the user's aptitudes and traits.
Analyzing assessment results. The outcomes of the psychometric tests are processed and interpreted.
Exploring career options. Based on the analysis, potential career paths are identified and presented to the user.
Developing a career action plan. A personalized strategy for pursuing the identified career options is created.
Recommending education and training paths. The system suggests specific educational programs or training courses aligned with the career plan.
It may include college matching, that may include the following steps:
Collecting user inputs and academic records. The system gathers user preferences and academic information as initial data.
Analyzing user profile. The system processes the collected data to create a comprehensive user profile.
Matching with college database. The profile is compared against a database of colleges to find potential matches.
Evaluating admission probability. The system assesses the likelihood of admission for each matched college.
Considering financial factors. Financial aspects such as tuition, scholarships, and living costs are considered.
Assessing program fit and campus life. The system may evaluate how well each college's programs and environment align with the user's preferences.
Generating personalized college match list. Based on all previous steps, a configured list of college recommendations is produced for the user.
Step 414: Monitoring the portfolio with the one or more investment strategies, expenditures, and providing access to financial tools including one or more cost calculators, one or more portfolio analysers, and one or more education loan options. The system (100 may monitor the portfolio, including tracking the one or more investment strategies and associated expenditures.
Figure 5A illustrates an exemplary embodiment of a solution-oriented approach to planning and implementing personalized educational and financial strategies. It may begin with a KYC (Know Your Child) process, which may collect essential information about the child’s emotional quotient, learning style, aptitude, interests, and personality. The system may then define specific goals under the "Target" category, which may include geographical preferences for education (place or country), the chosen academic stream and career trajectory, and preparations for entrance examinations. This structured approach may be built on an iterative framework of creating, defining, executing, tracking, and adapting solutions to meet individual needs. The outcomes, which may be represented on the right-hand side (RHS), may encompass services such as college and course selection, skill-building (academic and non-academic), study-abroad assistance, internships, and mental well-being support. Figure 5A may highlight a holistic and adaptive framework for achieving educational and financial goals tailored to individual requirements. Complementing this is Figure 5B, which visualizes an exemplary embodiment of the financial journey necessary to support educational planning and other major life goals. It may address budget considerations, including inflation, accountability, education costs, and the user’s investment personality, while extending its focus beyond education to life goals such as retirement, vehicle purchase, or home acquisition. Figure 5B may further outline tools and services like portfolio management, education loans, mutual funds, structured products, and performance prediction tools, alongside protection plans, which may include term, health, and travel insurance for effective risk management. It may also highlight resources such as scholarships and fixed-income products to supplement educational expenses. Together, Figures 5A and 5B may provide a comprehensive and adaptive roadmap, ensuring both educational and financial readiness while addressing evolving requirements and goals.
The system (100 may provide the user (20) with access to financial tools, such as one or more cost calculators, one or more portfolio analysers, and one or more education loan options, ensuring ongoing alignment of financial plans with educational goals.
Step 416: Providing one or more data-driven insights and generating one or more reports. The system (100) continuously analyses the educational and financial data to provide one or more data-driven insights. These insights may include educational trends, recommendations for course adjustments, and suggestions for financial strategy optimizations. Additionally, the system may generate one or more reports summarizing the child’s progress and the current financial plan.
Working Example: The invention mentioned above can be understood with the help of an example:
Figure 3 illustrates a method flow diagram for providing personalized educational planning and financial support, in accordance with an embodiment of the present invention. As shown in Figure 3, the method (400) may include the following steps:
Step 402: Presenting one or more psychometric tests to the user through the user interface (2022) and receiving one or more responses for analysis and preparing persona of the user.
The system (100) may be configured to present one or more psychometric tests to the user (20) via the user interface (2022). The psychometric tests may assess the child’s interests, aptitudes, personality traits, and career inclinations. The system uses machine learning algorithms and statistical methods to analyze the responses and generate more accurate and personalized insights.
The process of creating a persona for personalized educational and financial planning begins with presenting a psychometric test. The objective of this test is to understand the user’s personality, preferences, and learning styles. By administering the test, which may include questions about the user's interests, strengths, weaknesses, and career aspirations, valuable responses are collected that provide insights into the user's psychological profile. Once the test responses are gathered, the next step is to analyze them to develop a detailed persona. The goal here is to identify key traits, behaviors, and preferences, helping to create a comprehensive persona that reflects the user’s educational and career goals. This persona includes essential details such as demographic information, background, goals, challenges, motivations, and frustrations.
Following this, the system generates a synopsis of the user’s education and career journey. This synopsis outlines a potential educational and career path for the user, leveraging the persona and psychometric test results to map key milestones like starting school, graduating, and entering the workforce. The outcome is a personalized education and career journey plan that aligns with the user’s goals and preferences. Additionally, the system estimates the financial expenses associated with the user's education and career journey. The objective is to create a financial plan that supports the user throughout their journey, considering tuition fees, living expenses, and other educational costs. Factors such as inflation and market trends are considered to provide accurate financial estimates. The result is a comprehensive financial plan that helps the user manage their finances effectively.
For example, the persona of Ananya Sharma, a 28-year-old female marketing executive, showcases this process in action. Ananya, who lives in an urban area, is a college graduate with a high level of technology usage. She is planning to pursue an MBA to advance her career, which reflects her strong value for education and continuous learning. Her goals include completing an MBA from a reputed institution and securing a managerial position in marketing. However, she faces challenges in balancing work and study commitments and managing the high cost of education. Her motivations include career advancement, professional growth, and personal development through acquiring new skills. Ananya’s daily routine involves managing her work tasks during the day and dedicating her evenings to studying for MBA entrance exams. To help her manage her finances and explore scholarship opportunities, she uses Invest4Edu’s tools, which align her financial planning with her educational aspirations.
The user interface (2022) may display one or more questions on a screen, and the user's one or more responses may be captured through input devices such as touchscreens, keyboards, or voice commands. The user may be the child himself or his or her parents. The parents referred to here may be biological parents, caretakers, or guardians. The one or more responses are processed and analyzed by the processing module (121), which builds a detailed persona of the user. The persona may include the user's strengths, preferences, learning style, emotional intelligence, and career aspirations, which serve as the foundation for generating a personalized educational plan.
Step 404: Generating a synopsis of one or more education and career journeys based on one or more psychometric tests and one or more responses as additional input data.
Once one or more psychometric test responses are analyzed, the system (100) may generate a synopsis of one or more education and career journeys. This synopsis may be based not only on the psychometric test results but also on one or more additional input data, such as the child’s academic history, career goals, preferences, and the newly created persona.
The system may process this information to create a comprehensive and personalized education plan. This plan may include one or more recommended courses, one or more extracurricular activities, and one or more preparatory steps for the child's career.
Example:
A child may show an inclination toward science and technology through one or more psychometric tests. The system may generate a synopsis recommending one or more science-based preparatory courses, one or more STEM extracurricular activities, and a career path in engineering or computer science. The synopsis may be continuously updated as the child progresses through their educational journey.
Step 406: Estimating financial expenses based on the generated education and career journey synopsis, including one or more educational expenses, one or more tuition fees, and one or more living expenses.
The system (100) may estimate one or more financial expenses associated with the personalized education and career journey. The one or more financial expenses may include one or more educational expenses, one or more tuition fees, one or more living expenses, and projected costs for specific academic programs and extracurricular activities. The system factors in inflation, future cost adjustments, and geographic variables (e.g., cost differences between domestic and international education).
The processing module (121) may be configured to calculate the financial requirements for the entire journey and presents a detailed breakdown to the user (20). The system may ensure that the financial breakdown reflects both current and future financial scenarios to offer a realistic financial plan for achieving educational goals.
Step 408: Creating a portfolio and presenting the financial expenses in the education and career journey with a timeline and detailed financial expense breakdowns.
The system (100) may create one or more portfolio that organizes and presents the financial expenses for the education and career journey with a visual timeline. The one or more portfolios may provide a detailed breakdown of financial expenses and investment strategies required to meet educational goals. The one or more portfolios may provide a detailed breakdown of expenses, including one or more tuition fees, one or more living expenses, and other costs. The timeline may highlight one or more educational stages, such as admissions, certifications, and potential career milestones, and matches these with projected financial needs.
The system may allow the user (20) to view the one or more portfolio through the user interface (2022), where they can see a detailed view of all financial and educational stages, expected expenses, and recommended savings plans.
To create a timeline, the first step is to define its purpose. In the present invention, the timeline’s objective could be to plan a child’s educational journey from early schooling to higher education. Once the purpose is clear, the next step is to gather all relevant information, such as key milestones, important dates, and significant events. For educational planning, this might include details like school enrollment dates, exam periods, application deadlines, and graduation dates. With this information in hand, it’s time to add milestones along the timeline, marking significant points such as starting primary school, completing high school, or applying for college. It is important that these milestones are placed in chronological order to ensure clarity and progression.
After placing the milestones, the next step is to label each one with brief descriptions and corresponding dates. For example, a milestone might be labeled “Primary School Enrollment - June 2025” to give a clear indication of when that event is scheduled. Finally, the timeline should be reviewed and adjusted to ensure accuracy and completeness. This step involves checking that all important events are correctly placed and that no significant milestone has been omitted.
For present invention, the timeline might follow specific reference values, starting with early childhood education at ages 3-5 (preschool), progressing to primary school from ages 6-10, then middle school from ages 11-14, high school from ages 15-18, undergraduate studies from ages 18-22, and finally, post-22, it could include graduate studies or career planning.
An example of an educational timeline might look like this: In 2025, the child would start primary school; by 2031, they would begin middle school; by 2035, they would enter high school, and by 2039, they would graduate from high school. In 2040, the child would start their undergraduate studies, and by 2044, they would graduate with a bachelor's degree. If applicable, in 2045, they would begin graduate studies. This structured timeline provides a clear, step-by-step guide to planning a child’s educational future.
Step 410: Presenting one or more investment strategies customized for the educational journey. The method for suggesting strategies, plans, loans, and scholarships begins by collecting comprehensive data about the user, including both the student and their family. The objective is to tailor recommendations based on their unique situation. This step involves administering psychometric tests to assess the user’s interests, aptitudes, and career inclinations. In addition to the psychometric data, academic records, financial information, and career goals are gathered, along with preferences for educational institutions, courses, and extracurricular activities. The next step is analysing the user’s educational and career goals to provide relevant recommendations. This is achieved by reviewing the psychometric test results to identify strengths and interests, assessing academic performance and extracurricular activities, and discussing the user’s long-term career aspirations and goals. Once the goals are clearly understood, a personalized education plan is generated, outlining key milestones such as exams, certifications, internships, and recommendations for preparatory courses, workshops, and extracurricular activities. A visual timeline of the entire educational journey is also provided to give the user a clear roadmap.
Following the creation of the education plan, the financial requirements for the entire journey are estimated. This includes calculating tuition fees, living expenses, and other educational costs, while also factoring in inflation and potential cost adjustments over time. A detailed financial breakdown is provided for each stage of the education plan. To meet these financial needs, the next step involves suggesting investment strategies. The system recommends savings plans, such as Systematic Investment Plans (SIPs) or education savings accounts, and low-risk investment options and insurance policies. It also provides guidance on tax-saving investments and risk management strategies. For users who need additional funding, the system identifies and recommends suitable education loans with favorable terms and interest rates, along with scholarships based on academic performance, extracurricular achievements, and financial need. Assistance with the loan and scholarship application process is also provided.
The final step is to continuously monitor and adjust the education and financial plans, ensuring that they remain viable and aligned with the user’s goals. This involves monitoring academic progress and financial status, providing real-time updates, and making necessary adjustments based on changes in the user’s situation or market conditions. Periodic reports are generated to summarize progress and financial health. For example, a high school student interested in pursuing a STEM career would receive an educational plan that includes advanced math and science courses, robotics workshops, and key milestones such as SAT/ACT exams, college applications, and internships. The financial plan would estimate expenses for tuition, living, and lab fees, while investment strategies such as SIPs, education savings accounts, and low-risk mutual funds are recommended. Additionally, STEM scholarships and education loans with low interest rates would be identified to support the student’s financial needs.
Present invention aims to provide a comprehensive solution for personalized educational planning and financial management by integrating psychometric assessments, detailed educational plans, and tailored financial strategies. The platform ensures that students and their families can navigate the education journey with confidence and financial security, continuously monitoring progress and making real-time adjustments to meet academic and financial goals efficiently.
The system (100) may suggest one or more investment strategies configured for the educational journey. The one or more investment strategies may be based on the child’s persona, educational goals, and financial capacity. The investment options may include one or more savings plans, low-risk investment options, education loans, or scholarships configured to cover projected educational expenses.
The system may present these strategies dynamically, adjusting the recommendations based on real-time financial market conditions, inflation rates, or changes in the user's financial situation. Example: SIP Calculation Steps:
1. Presenting the SIP calculator interface: The system may display one or more options for SIP, Lumpsum, Fixed Deposit, and EMI (Edu Loan) calculators.
2. Capturing user inputs: The system may collect inputs for one or more SIP amounts, one or more expected return rates, and one or more SIP periods.
3. Performing SIP calculations: The system may calculate one or more total invested amounts, one or more wealth gains, and one or more total wealth values based on the user’s inputs.
4. Displaying results: The system may show one or more pie charts breaking down the investment, including total invested amount, wealth gained, and total wealth.
5. Providing one or more investment options: The system may offer actions such as "Invest Now" or “Get Expert's Advice” based on the education plan.
Step 412: Estimating the sequence and duration of one or more educational stages and displaying a visual timeline of the complete education and career journey.
The system (100) may estimate the sequence and duration of one or more educational stages involved in the child’s career journey based on the personalized career plan. This may include various milestones such as course enrollments, internships, extracurricular activities, and post-graduation education. A visual, interactive timeline is generated and displayed, outlining the entire educational journey from early education through post-graduation, including college matching results based on the child’s academic and financial profile.
The system may evaluate real-time college data to match the child’s persona and career aspirations with institutions that are a good fit academically, financially, and culturally. The visual timeline may highlight key moments such as college application deadlines, admission probabilities, and financial aid opportunities. Example of Career Guidance and College Matching:
1. Collecting user inputs on personal interests and skills: The system may gather the user’s preferences and abilities.
2. Conducting one or more psychometric assessments: The system may assess one or more aptitudes and traits.
3. Analyzing results: The results may be interpreted, and one or more career options may be suggested.
4. Developing one or more career action plans: One or more personalized strategies may be created based on the child’s strengths.
5. Recommending one or more educational paths: The system may suggest one or more courses and extracurricular activities.
6. College Matching: The system may match the child’s profile to one or more college databases based on one or more factors such as academic fit, financial considerations, admission probability, and campus life.
Step 414: Monitoring the portfolio with one or more investment strategies and expenditures and providing access to one or more financial tools including cost calculators, portfolio analyzers, and education loan options.
The system (100) may continuously monitor one or more portfolios to track one or more investment strategies and expenditures. It may provide the user (20) with access to one or more financial tools such as cost calculators, portfolio analyzers, and education loan options.
As the child progresses, the system may make one or more necessary adjustments to keep the financial and educational plans on track, based on changes in investment returns, market fluctuations, or new financial opportunities. The system may generate alerts or notifications when adjustments are necessary to keep the financial and educational plans on track.
Figure 6 presents an Educational Journey Map that outlines a comprehensive timeline of a student’s academic progression, spanning from early schooling to post-graduation. It may highlight key stages of education, including foundational years (K-12), undergraduate studies, and postgraduate timelines, while marking significant milestones such as entrance exams, college admissions, and degree completions. The map may incorporate personalized recommendations, offering tailored plans for academic courses, extracurricular activities, and internships, ensuring a holistic approach to the student’s development. Additionally, it may integrate educational milestones with financial planning, aligning academic achievements with financial requirements to guarantee synchronized progress. The map’s interactive features may enable users to adjust timelines dynamically based on real-time updates and changes in goals. By providing a clear and actionable roadmap, Figure 6 may ensure that students and their guardians can effectively align their educational and financial plans for seamless execution.
Step 416: Providing one or more data-driven insights and generating one or more reports.
The system (100) may continuously analyze one or more sets of educational and financial data to provide one or more data-driven insights. The one or more insights may include one or more recommendations for adjusting the educational path based on emerging career trends, educational opportunities, and financial market conditions. The system (100) may leverage one or more machine learning algorithms to identify one or more changes in the job market or educational landscape that may influence the user’s career choices.
Additionally, the system (100) may generate one or more periodic reports summarizing the child’s progress and financial status. The one or more reports may include one or more suggestions for course adjustments, one or more career path optimizations, and one or more updates on scholarship opportunities. The system (100) may ensure that both the education plan and financial strategy remain viable and aligned with the user’s long-term goals.

Working Example: The invention mentioned above can be understood with the help of the following example:
The system (100) begins by collecting essential input data from the user (20), such as psychometric test results, academic history, career goals, financial data, and user preferences. These inputs are crucial to creating a personalized educational plan. The psychometric test results assess the child's cognitive abilities, emotional intelligence, learning styles, and career inclinations. Academic history helps the system (100) understand the child's previous educational experiences, while career goals guide the system (100) in suggesting potential future career paths. Financial data, including the family’s income, savings, and willingness to invest in education, is collected, along with the user’s preferences regarding the type of schooling, extracurricular activities, and overall educational approach.
Once the system (100) has gathered all the necessary inputs, it processes this data through its algorithms and modules to generate outputs. These outputs are categorized as the RHS (Right-Hand Side) of the system (100), which includes a personalized education plan, a tailored financial strategy, a visual timeline of the educational journey, and real-time insights and adjustments to ensure that the plan remains viable and aligned with the user’s goals. This transformation from raw inputs (LHS) to actionable outputs (RHS) is essential to the system (100)’s functioning and demonstrates how the system (100) leverages complex data to create a holistic and personalized educational plan.
Following this, the system (100) generates a personalized education plan. Based on the psychometric test results and career goals, the system (100) recommends specific courses, extracurricular activities, and career paths that align with the child's strengths and aspirations. For instance, if the child demonstrates a strong aptitude for mathematics and technology, the system (100) may recommend advanced STEM courses, coding boot camps, and potential career paths in engineering or computer science.
At the same time, the system (100) estimates the financial expenses involved in implementing the education plan. This includes tuition fees, living expenses, and other costs such as extracurricular activities. The system (100) provides a detailed breakdown of these expenses, allowing the user (20) to track the projected financial needs throughout the child’s educational journey. For example, the system (100) may estimate tuition fees at $20,000/year and living expenses at $10,000/year for a university education.
In parallel, the system (100) generates a visual timeline, which outlines key milestones in the child’s educational journey. This timeline includes important events such as high school graduation, college application deadlines, and expected career entry. This visual representation helps parents and guardians understand the full scope of their child's educational path and provides clear deadlines for each stage.
The system (100) also suggests customized investment strategies to cover the projected educational expenses. For example, it may recommend starting a Systematic Investment Plan (SIP), with the user (20) contributing a certain amount each month. The system (100) calculates the expected returns based on inputs such as monthly contributions, return rates, and investment duration. Additionally, the system (100) may suggest other financial strategies such as savings plans, education loans, or scholarships to meet the financial needs of the educational journey.
As the child progresses through their education, the system (100) continuously monitors the plan. The system (100) is designed to provide real-time updates and adjustments based on changes in the child’s progress and evolving financial conditions. If the child’s academic performance improves or the financial situation changes, the system (100) automatically adjusts the educational plan and investment strategies accordingly. For example, if the family’s financial situation improves, the system (100) may suggest increasing the SIP amount or reallocating the investment portfolio to ensure that the educational expenses are covered without delay.
The system (100) also generates regular reports summarizing the child’s academic progress and the status of the financial plan. These reports help the user (20) track the effectiveness of the educational plan and investment strategy. For example, a report might highlight that the child is excelling in mathematics and has been selected for a prestigious coding camp, while the financial plan is on track, with sufficient funds accumulated for the first year of college.
This example implementation provides a clear picture of how the system (100) works in practice. The process starts with the user (20) entering basic inputs and ends with a comprehensive, personalized education and financial plan. Throughout the journey, the system (100) provides real-time insights, continuous adjustments, and data-driven recommendations, ensuring that both the educational and financial plans are aligned and adaptable to any changes.
The method (400) ensures that a personalized educational planning system is integrated with financial management, addressing both educational goals and financial sustainability. The system (100) creates a visual timeline of the child’s educational journey, tracks investment plans and educational expenses, and offers tailored financial strategies. The system (100)’s real-time monitoring and data-driven insights further enhance its effectiveness, ensuring that the child’s academic success and financial security are continually aligned with their evolving needs and goals.
In the first scenario, consider a parent or user (20) planning their child's education and financial future. The system (100) may begin by presenting one or more psychometric tests through the user interface (2022). The child’s one or more responses are captured through the system (100), which may reveal a strong inclination toward one or more subjects or one or more fields such as, but not limited to, science and technology fields.
After analyzing the test results, the system may create a persona based on the child's cognitive strengths, learning style, and career inclinations. The system then generates a personalized synopsis of the child’s education and career journey, recommending one or more science-based preparatory courses, one or more STEM-related extracurricular activities, and eventually pursuing a degree in engineering. The system (100) may also estimate one or more financial expenses associated with this journey, including one or more tuition fees, one or more living expenses, and other education-related costs.
The system (100) is configured to suggest one or more investment strategies customized to this plan, such as education savings accounts, scholarships, and insurance policies. A visual timeline may be generated, displaying the entire education and career journey from early education through post-graduation. The user (20) or parents may monitor real-time updates on their investments and portfolio, with the system (100) making necessary one or more adjustments based on new financial or educational data accessed or one or more inputs by the user (20).
Throughout the journey, the system (100) may provide one or more data-driven insights on emerging STEM courses and skill development programs to refine the plan. The STEM stands for Science, Technology, Engineering, and Mathematics. For instance, as the child progresses through their educational journey, the system may identify additional opportunities for skill development, such as advanced robotics or coding workshops.
In another example, a child (user 20) who is interested in arts and humanities may be planning their educational and financial future. The system (100) may administer one or more psychometric tests through the user interface (2022), revealing the child's talent for creative writing. Based on this data, the system may generate a career synopsis, recommending journalism as a potential career path. The system may suggest preparatory steps such as enrolling in one or more creative writing workshops and applying to specific journalism programs for higher education.
The system may also present a financial breakdown for this plan, calculating the associated costs of the creative writing workshops, application fees, and tuition for the journalism programs. One or more investment strategies may be suggested, including low-risk mutual funds and available scholarships in the field of arts and humanities. A visual timeline may be displayed, showing key educational and career milestones. As the child progresses, the system may track the portfolio in real-time, ensuring that funds are allocated, and investment strategies are adjusted according to the evolving education plan and financial requirements.
In yet another case, a parent or user (20) may want to ensure their financial preparations remain viable throughout their child's education and career journey. The system (100) may continuously track the one or more investment portfolios and educational expenses in real-time, adjusting recommendations for one or more savings plans, scholarships, or loans when necessary. For example, if market trends show fluctuations in the parent’s current investments, the system may alert the user and suggest alternative investment options that offer higher stability or returns based on the child’s education timeline.
The system (100) may generate periodic reports summarizing the child's academic progress and financial plan to ensure both are aligned. The reports may include suggestions for course adjustments, based on the child’s evolving interests and market demand for specific career paths, and updates on the availability of scholarships or grants.
Consider a scenario where a student or user (20) aspires to become a pilot in India. The system (100) interacts with the user (20), who may be a student or their guardian, through the user interface (2022), providing tailored recommendations for academic and certification progression. As illustrated in Figures 7A-7D, the system (100) begins at an early stage, such as Grade 9, by presenting a comprehensive plan focused on building foundational skills in Physics, Math, and English, ensuring the student is academically prepared for the journey ahead. The interactive visual timeline in Figure 7A highlights key milestones such as early awareness of career requirements, fitness routines, and vision checks, creating a robust foundation for the pilot career pathway.
As the student progresses, Figures 7B-7D depict the journey through Grades 10 to 12 and beyond, showcasing advanced academic preparation, pilot aptitude tests, DGCA medical examinations, and professional certifications like PPL and CPL. These figures emphasize sequential skill development, financial planning, and professional milestones, ensuring the user can seamlessly transition from early education to advanced pilot training and ongoing professional growth.
The system (100) may generate a fitness plan in Grade 9, ensuring the student may meet the physical and medical readiness required for pilot training. One or more medical checkups may be recommended to ensure compliance with DGCA (Directorate General of Civil Aviation) standards. Simultaneously, the system (100) may offer insights into early preparation for entrance exams, such as the DGCA, JEE, or NDA, ensuring that the student may start gaining awareness of the paths ahead. Financial planning and scholarship opportunities may also be introduced, allowing the family to begin budgeting for future flight training and education-related expenses.
As the student progresses to Grade 10, the system (100) may continue to adapt by updating the academic plan to ensure continued focus on key subjects. The system may track progress in Physics, Math, and English through real-time feedback mechanisms and recommend additional preparatory activities or practice exams for entrance tests. Simultaneously, the system may monitor the student’s physical and medical status and may offer reminders to continue fitness development.
In Grade 11, the system (100) may present one or more exam preparation strategies, highlighting mock tests and focused study sessions for the DGCA or JEE exams. The system may also trigger a notification to schedule the DGCA Class 2 Medical Examination (121) to ensure eligibility for pilot training. Furthermore, financial strategies may be updated to cover the costs of flight school and exam preparation, with the system continuously adjusting the family’s financial portfolio based on real-time assessments.
In Grade 12, the system (100) may generate a timeline for finalizing entrance exams, such as the DGCA, JEE, or NDA, based on the student’s preferences and career aspirations. The system may also recommend passing the DGCA Class 1 Medical Examination (122) to qualify for professional pilot training. The system may track and monitor the completion of required academic milestones while updating financial plans to ensure tuition and training costs may be covered. The system (100) may provide one or more scholarship options to assist with flight training expenses.
Post Grade 12, the system (100) may initiate the process of flight training, where the user (20) may interact with the user interface (2022) to schedule and monitor training hours. The system may generate a detailed plan for the student to accumulate 40-60 flight hours to obtain a Private Pilot License (PPL). Additionally, the system may track the accumulation of 200 flight hours required for the Commercial Pilot License (CPL), ensuring the student may meet all training milestones in areas such as cross-country, night flying, and instrument flying.
At this stage, the system (100) may generate regular reports, allowing the student and family to monitor progress in flight hours, financial stability, and physical readiness. The financial portfolio may be updated periodically to ensure funding for training may be sustained. The system may also provide guidance on preparing for airline recruitment exams and obtaining the necessary Type Rating Certification for specific aircraft models.
In the final phase, the system (100) may guide the student toward accumulating 1500 flight hours for the Airline Transport Pilot License (ATPL). The system may continuously update the student’s professional development plan, including recommendations for advanced simulator training and multi-engine flying. The system (100) may also monitor periodic Class 1 Medical Exams (123), ensuring that the student may maintain physical fitness throughout the training journey.
Throughout this entire process, the system (100) may demonstrate its adaptability by adjusting the academic, physical, and financial plans to meet the unique requirements of the aspiring pilot. By leveraging continuous data-driven analysis, the system may ensure that the student's educational and financial journey remains aligned with their goals, providing real-time updates and personalized recommendations as the student progresses through their pilot training and career.
Consider a scenario where a family has multiple children, each with different career aspirations. The system (100) may interact with the parent or the one or more user (20) through the user interface (2022), presenting one or more psychometric tests for each child. For the first child, interested in medicine, the system may generate a financial plan that includes savings for medical school tuition and related costs. For the second child, who may show an interest in graphic design, the system may offer a plan focused on creative arts education, including one or more specialized courses and workshops.
The financial plans for both children may be configured to their education needs, with the system tracking and adjusting investments for each child’s path individually. The system (100) may track both portfolios in real-time, ensuring that financial goals for each child are met as they progress through their education. The system (100) may generate reports that allow the parent to monitor the children's progress, receive one or more data-driven insights, and adjust the financial strategy as needed to accommodate the different educational paths.
In all cases, the system (100) demonstrates its adaptability by configuring the educational planning and financial management according to each child’s unique needs, preferences, and career aspirations. The system leverages continuous data-driven analysis to ensure that educational and financial plans remain viable and aligned throughout the journey. The inclusion of advanced machine learning algorithms may ensure that the system can provide increasingly accurate and configured recommendations over time.
By leveraging AI-driven analysis and a comprehensive approach, the invention may optimize both education planning and financial management, ensuring a personalized, seamless experience for families.
In a special case, consider a family with a child who has dyslexia and is aiming to pursue a career in business. The system (100) may interact with the parent (user 20) and identify the child’s need for specialized support through one or more psychometric tests. Recognizing the child’s unique learning requirements, the system may adjust the educational journey, recommending one or more dyslexia-friendly programs, learning resources, and appropriate schools. The system may also suggest one or more customized financial strategies, such as government grants for special education or low-interest education loans.
The system may generate a visual timeline showing the educational journey, highlighting specific courses and programs designed for children with learning disabilities. As the child progresses, the system may track the portfolio in real-time, making adjustments based on the child's evolving educational needs. Regular reports may be generated to keep the family informed of the child’s progress and the financial stability of the plan.
Throughout the process, the system (100) may use real-time insights and recommendations to refine the education and financial plan. For instance, if the child shows particular strength in certain business-related subjects, the system may suggest advanced courses or certifications that can enhance their skills. The financial strategy may be updated accordingly to ensure funds are available for additional courses or extracurricular activities.
The user (20) may interact with the user interface (2022), which may include a touchscreen, display (2026), or other input devices, to provide feedback or adjust settings as needed. The processing module (121) may interpret the commands and adjust the plan to ensure both academic and financial goals are met efficiently.
The present invention offers a number of advantages, some of which are listed below:
Personalized Educational and Financial Planning: The processing module (121) may analyze the child’s psychometric test results and financial requirements, creating a customized education and financial management plan configured to the child's academic interests and the family’s financial situation, potentially ensuring better educational outcomes and financial sustainability.
Comprehensive Overview of Education and career journey: The system (100) may provide a visual timeline of the complete educational journey, including preparatory courses, career counselling, and key educational milestones, enabling parents and students to have a clear understanding of the steps involved in achieving academic success.
Real-Time Financial Tracking: The system (100) may continuously track and manage the portfolio associated with the child's education, including real-time updates on investment plans and expenses, potentially ensuring that the financial plan remains viable throughout the child's academic journey.
Data-Driven Insights for Education Refinement: The system (100) may provide regular data-driven insights on emerging courses, skills, and trends relevant to the child’s academic interests, potentially improving the education and career journey by adjusting the plan to align with the latest opportunities.
Configured Investment Strategies: The system (100) suggests investment strategies, such as savings plans, loans, and scholarships, that are specifically designed to meet the financial needs of the education plan, potentially making it easier for families to manage education-related expenses.
Dynamic Adjustment of Financial and Educational Plans: The system (100) may continuously adjust financial strategies and educational recommendations based on real-time analysis of market trends and the child's academic performance, ensuring that both the educational and financial plans remain optimized.
Regular Progress Reports: The system (100) may generate regular reports summarizing the child's academic progress and financial status, allowing parents to make informed decisions about necessary adjustments to the education or financial plans, potentially improving planning efficiency.
Efficient Portfolio Management: The real-time tracking and management of financial investments may help users monitor the progress of their savings and investment plans, ensuring that the required funds are available when needed for the child's education.
Enhanced Decision-Making for Parents: The comprehensive and personalized nature of the invention may provide parents with all necessary information, from psychometric results to financial strategies, potentially simplifying the decision-making process related to their child's future education.
Continuous Optimization: The system (100) may ensure continuous refinement of both the educational and financial aspects of the journey, adapting to changes in the child's academic interests or financial circumstances, thereby maintaining alignment with long-term goals.
Improved Financial Viability of Education: By providing real-time financial insights and proactive investment recommendations, the system (100) may help families manage costs more effectively, potentially reducing the risk of financial strain throughout the education and career journey.
This structured approach, combining educational planning and financial management, may ensure that families may plan effectively for their child's academic and career success while maintaining financial stability.
In general, the word “module,” as used herein, refers to logic embodied in hardware or firmware, or to a collection of software instructions, written in a programming language, such as, for example, Java, C, or assembly. One or more software instructions in the modules may be embedded in firmware, such as an EPROM or microcontroller program memory. It will be appreciated that modules may comprise connected logic units, such as gates and flip-flops, and may comprise programmable units, such as programmable gate arrays or processing modules (1084). The modules described herein may be implemented as either software and/or hardware modules and may be stored in any type of computer-readable medium or other computer storage device.
Further, while one or more operations have been described as being performed by or otherwise related to certain modules, devices, or entities, the operations may be performed by or otherwise related to any module, device, or entity. As such, any function or operation that has been described as being performed by a module could alternatively be performed by a different server, by the cloud computing platform, or a combination thereof. It is implied that the techniques of the present disclosure might be implemented using a variety of technologies. For example, the methods described herein may be implemented by a series of computer executable instructions residing on a suitable computer readable medium. Suitable computer readable media may include volatile (e.g., RAM) and/or non-volatile (e.g., ROM, disk) memory, carrier waves, and transmission media. Exemplary carrier waves may take the form of electrical, electromagnetic, or optical signals conveying digital data streams along a local network.
In some embodiments, the wireless communication may be configured to notify one or more basic things such as, but not limited to, timing of the sessions attended or combination thereof.
Further, the operations need not be performed in the disclosed order, although in some examples, an order may be preferred. Also, not all functions need to be performed to achieve the desired advantages of the disclosed system (100) and method, and therefore not all functions are required.
The terms and descriptions used herein are set forth by way of illustration only and are not meant as limitations. Examples and limitations disclosed herein are intended to be not limiting in any manner, and modifications may be made without departing from the spirit of the present disclosure. Those skilled in the art will recognize that many variations are possible within the spirit and scope of the disclosure, and their equivalents, in which all terms are to be understood in their broadest possible sense unless otherwise indicated.
Various modifications to these embodiments are apparent to those skilled in the art from the description and the accompanying drawings. The principles associated with the various embodiments described herein may be applied to other embodiments. Therefore, the description is not intended to be limited to the embodiments shown along with the accompanying drawings but is to be providing broadest scope of consistent with the principles and the novel and inventive features disclosed or suggested herein. Accordingly, the invention is anticipated to hold on to all other such alternatives, modifications, and variations that fall within the scope of the present invention and the appended claims. , Claims:We Claim:
1. A method (400) for personalized holistic educational planning and financial management, the method (400) comprising the steps of:
presenting (402) a psychometric test to a user (20) and receiving one or more responses for analysis; wherein the one or more responses are used to create a persona of the user (20);
generating (404) a synopsis of an education and career journey based on the psychometric test, the persona, and the one or more responses as additional input data;
estimating (406) financial expenses based on the generated education and career journey synopsis, including one or more educational expenses, one or more tuition fees, and one or more living expenses, taking into account inflation and one or more market trends;
creating (408) a portfolio and presenting the financial expenses in the education and career journey with a timeline and detailed financial expenses breakdowns;
presenting (410) one or more investment strategies customized for the educational journey, wherein the one or more investment strategies include personalized savings plans, scholarships, loans, and one or more financial aids;
estimating (412) sequence and duration of one or more educational stages and displaying a visual interactive timeline of the complete education and career journey, including key stages such as college matching;
monitoring (414) the portfolio with the one or more investment strategies and expenditures and providing access to financial tools including one or more cost calculators, one or more portfolio analyzers, and one or more education loan options;
providing (416) one or more data driven insights and then generating one or more reports summarizing educational progress and financial status.
2. The method as claimed in claim 1, wherein the synopsis of education includes information related to education, one or more career goals, one or more targets, one or more milestones, one or more preferences, aptitude, learning style, emotional quotient assessment, career counseling recommendations, or a combination thereof.
3. The method as claimed in claim 1, wherein the psychometric test includes one or more aptitude tests, one or more personality tests, one or more emotional intelligence assessment tests, one or more cognitive ability tests or career counseling sessions to refine the results for educational and career recommendations.
4. The method as claimed in claim 1, wherein the portfolio with the one or more investment strategies includes one or more saving plans, one or more risk management strategies accounting for market volatility and inflations, one or more investment strategies, one or more insurance policies, one or more scholarships, one or more grants or one or more tax considerations.
5. The method as claimed in claim 1, wherein the one or more responses include choice of career, choice of country for education, choice of plan and services, payment related options or a combination thereof.
6. The method as claimed in claim 1, wherein the one or more data-driven insights includes machine learning algorithms analyzing educational trends and outcomes, predictive models forecasting future job market demands, comparative analysis of the progress against predetermined benchmarks, real-time data on educational institution performance, admission criteria or a combination thereof.
7. The method as claimed in claim 1, further comprising the step of providing access to a user interface (2022) that allow the user (20) to view and interact with the education and career journey timeline, adjust financial planning parameters in real-time, access and review all generated reports, interact with career counselors, communicate with educational and financial advisors through the platform or a combination thereof.
8. The method as claimed in claim 1, wherein the one or more reports includes the progress, ongoing financial planning status, one or more suggested fields of study, one or more courses, one or more sports programs, one or more workshops, one or more preparatory programs, one or more extracurricular activities, or one or more adjustments to ensure the viability of the educational journey.
9. The method as claimed in claim 1, wherein the visual timeline of the complete education and career journey includes one or more preparatory courses one or more career counseling sessions, one or more educational services, real-time updates on financial planning and investment adjustments, projected milestones for both academic or one or more financial objectives or a combination thereof.
10. A system (100) for personalized educational planning and financial management, the system (100) comprising:
one or more user devices (202);
a memory storage (1080);
a processing module (121) operably connected to the user interface (2022), the memory storage (1080) through a cloud (106);
wherein the processing module (121) is configured to:
present a psychometric test to a user (20) and receiving one or more responses for analysis; wherein the one or more responses are used to create a persona of the user (20);
generate a synopsis of an education and career journey based on the psychometric test, the persona, and the one or more responses as additional input data;
estimate financial expenses based on the generated education and career journey synopsis, including one or more educational expenses, one or more tuition fees, and one or more living expenses, taking into account inflation and one or more market trends;
create a portfolio and presenting the financial expenses in the education and career journey with a timeline and detailed financial expenses breakdowns;
present one or more investment strategies customized for the educational journey, wherein the one or more investment strategies include personalized savings plans, scholarships, loans, and one or more financial aids;
estimate sequence and duration of one or more educational stages and displaying a visual interactive timeline of the complete education and career journey, including key stages such as college matching;
monitor the portfolio with the one or more investment strategies and expenditures and providing access to financial tools including one or more cost calculators, one or more portfolio analyzers, and one or more education loan options; and
provide one or more data driven insights and then generating one or more reports summarizing educational progress and financial status.