Auto-Saving Based on Cash Flow
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Chat with AI Agent
I want to set up an automatic savings system that analyzes my monthly cash flow and moves small amounts to savings when it's safe to do so, with email notifications to keep me informed.
I'd be happy to help you set up an automatic savings system! To get this working properly, I'll need to gather some information from you. First, I'll need access to your bank account to monitor your cash flow. Which bank do you use for your primary checking account?
I use Chase Bank for my main checking account.
Great! I'll send you a Chase Bank authorization link to securely connect your account. Now, where would you like your savings to be transferred? Do you have a specific savings account you'd prefer, or should I use your existing Chase savings account?
I have a high-yield savings account with Marcus by Goldman Sachs that I'd like to use for this.
Perfect! I'll also need authorization for your Marcus account then. Now, let's talk about the transfer amounts. What's the minimum and maximum amount you'd be comfortable having transferred automatically? For example, would you want transfers between $25-$100 per month?
I'd like to keep it conservative, maybe between $10 and $50 per transfer, and no more than twice per month.
That sounds like a smart approach. I'll set it up to transfer between $10-$50, with a maximum of 2 transfers per month. For the safety buffer, how much money would you like to always keep available in your checking account? This ensures you never go below a comfortable minimum.
I'd like to always keep at least $1,000 in my checking account as a buffer.
Excellent, I'll make sure your checking account never goes below $1,000. For the email notifications, what email address should I use to send you updates about the transfers and your savings progress?
Please send notifications to sarah.mitchell@email.com
Got it! I'll send all notifications to sarah.mitchell@email.com. Just to confirm your automation setup: I'll monitor your Chase checking account, automatically transfer $10-$50 to your Marcus savings account up to twice per month when safe to do so, always maintain at least $1,000 in checking, and email you updates about each transfer. Does this sound right to you?
Yes, that's exactly what I want. Please go ahead and set it up.
Perfect! Your automatic savings system is now configured and ready to deploy.
Sounds great, thanks for setting this up!
How it works
- Analysis: The system connects to your bank account through secure APIs to monitor your monthly income and expenses in real time.
- Calculation: Using your spending patterns and income data, it calculates safe amounts that can be transferred to savings without affecting your essential expenses.
- Transfer: When conditions are favorable, such as having sufficient buffer funds remaining after expenses, the system automatically moves predetermined small amounts to your designated savings account.
- Notification: You receive email updates whenever transfers occur, including details about the amount saved and your current savings balance to keep you informed of your progress.
This agent is currently in development.
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