How ChatGPT can be used to help you with your personal finances - including how to budget

AI is rapidly growing in popularity, despite concerns from tech giants and politicians that more development needs to be put in place before it is rolled out into the public further. According to Moneyzine, “How to use ChatGPT” was searched over 812,000 times worldwide in March 2023.

ChatGPT was released in November 2022 and is an artificial intelligence chatbot that was developed by OpenAI. People are now learning how best to use AI to benefit themselves and the public as a whole.

Moneyzine CEO Jonathan Merry believes that we’ve barely scratched the surface of how many people are familiar with sites like ChatGPT and how they are used. Merry said: “Anecdotally, ChatGPT is the talk of the town. Especially on LinkedIn where you cannot move for advice on how to use it, whether it’s ethical or cheery commentary on just how many jobs it could destroy...

“With many people offering help with prompts, you might be forgiven for thinking we already know all there is to know about the platform. But our research shows that there is an extraordinary amount of people who are looking for help with the AI tool.

“I’m as guilty as anyone for assuming that everybody knows about it, but conversions about it with family members to a wall of blank faces probably means we have a long way to go before it’s had its tipping point.”

The financial planning website, Moneyzine has revealed the key tips for using ChatGPT as a financial tool.

How to use ChatGPT to help with your personal finances