July 10, 2024
Money is tighter than ever before for millions of people right now. Recent events, including the Covid-19 pandemic and the cost-of-living crisis, have left many people struggling to make ends meet.
But everyone can benefit from a more sensible and structured approach to personal financial management. Any money you can save during the month can be invested for your future.
Fortunately, the rise of Artificial Intelligence and machine learning has given rise to some very powerful, easy-to-use financial management tools. If you know how to utilize these apps and software platforms, you could save yourself a lot of money and hassle.
Here are just a few of the latest financial management AI tools that are expected to grow in popularity over the coming years.
So you use a spreadsheet to keep track of your everyday finances? That’s a good start, but this could still be creating more work than is necessary. More importantly, you may be missing out on crucial red flags and spending patterns you might need to address. Tiller could help you improve your financial management approach considerably.
This personal finance management tool automates financial tracking by importing data directly into Google Sheets or Microsoft Excel. It helps users manage their budgets, track spending, and gain insights into their financial habits by providing customizable spreadsheets that update daily.
AI is being used with increasing frequency in banking apps and services. The ability to pay and receive payments, track your finances, and identify patterns in one place has the potential to save you time and money. Chime can perform all of these functions and more.
This innovative digital banking platform offers a range of financial services, including checking and savings accounts with no monthly fees. It includes features like automatic savings, early direct deposit, and real-time transaction alerts. If you want maximum control over your finances with minimal effort, AI tools for financial management such as Chime are ideal.
It’s easy to become blind to your spending habits over time. How much do you spend on hospitality every month, for instance. What’s your average spend on car-related expenses? Is there an opportunity to save money on everyday groceries? You can find the answers to these questions by using the financial management AI tool Moven.
This clever financial management app provides you with real-time insights into all your most significant spending habits. It links to your existing bank account and tracks your spending, which gives it the power to offer personalized advice and money-saving push notifications to your mobile device.
Wouldn’t it be great if there was one AI financial management tool that took care of everything from savings and budgeting to investments and debt management? Well, there is, and it’s called Qapital.
This goal-oriented financial management app helps you save, invest, budget, and manage debt – all via a single, easy-to-use dashboard. It allows you to set and track financial goals, automate savings based on rules you set, and track your progress as you strive to achieve your financial goals. Embrace all of Qapital’s smart tools for financial management, and you might just end up having some fun.
Interest rates are higher than they’ve been at any point within the last 15 years. This is a great time to start saving, and every penny you set aside has the potential to make a difference. That’s why the Oportun app is growing in popularity right now.
Oportun is an automated savings and financing app that analyzes your spending habits and transfers small amounts of money from your main bank account to your savings account. This takes the guesswork out of saving for your future, and it ensures you can grow a nice nest egg for your future without even thinking about it. The app relies on a series of algorithms to determine when to transfer funds and how much you can afford.
Anyone can invest these days – even if you have a relatively tiny amount of money left every month after paying your bills. But a lot of people lose interest or the motivation to continue when they believe the amounts involved just aren’t worth the effort. Those people should try out Acorns.
This flexible and intuitive AI tool for financial management uses a range of processes to set aside money for investments, including:
The app rounds up your daily expenditure and invests your “digital spare change” in diversified portfolios.
Decide on an amount you’d like to invest daily, weekly, or monthly, and Acorns will do the rest.
Acorns works with a range of brands to use cash-back rewards for investing purposes.
Whether you’re an investor trying to maximize the profitability of your investments or just a usual person who wants to make your money work harder, embracing these AI tools is a no-brainer.
However, if you don’t have a background in AI or smart finance, the prospect of combining the two can be daunting. Enroll in the Wintrado Academy, and you’ll learn about the fundamentals of technologies such as crypto, AI, and financial management tools. More importantly, you’ll learn practical ways to leverage their potential for your economic future.
