Artificial intelligence is increasingly becoming part of everyday financial management, offering tools that can help consumers budget, plan and execute financial strategies.
But while these technologies can streamline money management, experts say users should proceed with caution, especially when it comes to protecting sensitive information.
AI-powered platforms now allow users to track cash flow, build financial plans, and even improve credit scores. Some tools can automatically monitor checking and savings accounts to identify opportunities to save more effectively.
Cynthia Chen, CEO of Kikoff, said certain AI tools can also assist with debt management by identifying accounts that may be eligible for…