In a society where debt is a normal burden, most people have multiple repayments they have to make every month: mortgages, car loans, credit cards, student loans, lines of credit and personal loans. Personal finance isn’t widely taught in schools, but managing your money is an essential life skill. Spreadsheets and apps are helpful as tools to add inputs but often fall short in providing tangible information. Could artificial intelligence help bridge the gap?
There’s a chasm between getting no financial advice at all (commonly due to debt shame or a lack of funds) and being able to afford a financial adviser, so I wanted to see if AI could help bridge this with tips on how best to tackle your debt.
There’s been a proliferation of AI tools (check out CNET’s AI Atlas hub for our hands-on reviews of them) since ChatGPT emerged and it’s good to experiment. But the more time you invest in learning and mastering a tool, the better the output. So we’re sticking with the one you’re most likely to have used: ChatGPT.
