Is there a way to have a 'live' buffer in QGIS

I use QGIS (2.10.1) to create buffers around polygons. I often create a series of buffers, and later need to edit the underlying polygons. It is frustrating to start from scratch in re-create several buffers based on the changes when this happens.

Is there a way to create a 'live' buffer, that will automatically update to changes made to the parent polygon, or as a second best, a means to replicate with one click, the buffer settings and formatting that you originally created?