Should you use ChatGPT for budgeting?

The do's and don'ts of using AI to manage your finances

Experts suggest avoiding asking AI for investment advice, but say it's useful for basic budgeting help. Read this article to learn more.

AI excels at assisting with structured tasks involving logistics and planning

Tools like ChatGPT, Gemini, and Perplexity can help organize chaotic calendars, troubleshoot bedtime routines, and assist with salary planning and moving. However, specific quotes, like insurance, and local cost comparisons can be flawed since AI draws from nonlocalized datasets.

In 2023, OpenAI spent $520 million on ChatGPT

The ongoing development and refinement of new AI models requires larger datasets and processing more parameters between words and subwords to improve the accuracy of generated content. New startups are expected to harness this technology to provide unthought-of products and services.

ChatGPT is trained on most of the world's digitally accessible text

As with other AI chatbots, ChatGPT is primarily trained through non-supervised pretraining, which identifies underlying structure and patterns within input data. Then, human intervention addresses harmful or biased patterns that should not be propagated to generated outputs.

Explore noteworthy use cases for ChatGPT

From asking the chatbot to sort grocery lists to bird-watchers using it to help identify birds, the official ChatGPT Instagram account spotlights interesting and creative use cases for the tool, especially in the days after a significant update or model has been released.

Research suggests using AI for schoolwork may harm critical thinking skills

An MIT study finds lower brain engagement in students who used ChatGPT, resulting in consistent underperformance in neural, linguistic and behavioral levels. AI users struggled to recall their own essays, while the brain-only group showed the highest neural connectivity and satisfaction.

As of 2025, ChatGPT accounts for more than half of all chatbot traffic

Since ChatGPT's debut of its chatbot in November 2022, the daily use of generative AI has skyrocketed. This chart shows which chatbots are the most used around globally, from OpenAI's ChatGPT to Perplexity and DeepSeek.

Comparing ChatGPT with Claude, the latter excels in writing and coding projects

As of December 2025, Claude Code—Anthropic's AI-powered coding assistant—accounts for 54% of the enterprise coding market, and, while subjective, some report that Claude provides more natural-sounding writing. However, ChatGPT can create images and videos, not just generate text, and provides a broader set of applications via custom GPTs.

AI chatbot use among quarreling couples can aggravate tensions

Chatbots can become a sounding board for venting spouses looking to analyze their relationship and find support for their views. Many couples report the negative influence of chatbots like ChatGPT, with some claiming the tools led to divorce.

Decoding the hype around AI

2022 was the year AI broke onto the scene, with applications like ChatGPT amazing users with its ability to generate realistic-sounding answers. Technologist Arvind Narayanan presents a clear-eyed view of what the technologies can (and can't) do.

Pharmaceutical companies can use ChatGPT to improve drug development

Moderna has incorporated the tool into its workflows to accelerate analysis and identify optimal drug dosage from clinical data. The company's legal team also uses a custom GPT—Contract Companion—to break down and summarize contracts quickly.

ChatGPT was conceived over dinner at a Silicon Valley hotel

A guest list of tech leaders, including Elon Musk, Peter Thiel, and LinkedIn cofounder Reid Hoffman, met to discuss how to counter Google's efforts to create human-level cognition systems. The group initially committed a reported $1B to launch the effort.

How AI is revolutionizing banking

Generative artificial intelligence has left no industry untouched, and banking isn’t an exception. Experts estimate that gen AI could add as much as $340B in value to the banking sector each year. For consumers, this involves new features to prevent fraud and customer service chatbots. This report dives into the revolution underway and seeks to define a “full stack” AI bank of the future. Read more here.

This site reaches millions of visitors who are tired of AI chatbots and seeking human connection. Pretend to be an AI chatbot and ask questions, provide answers, and draw for people in real time.

Microsoft has integrated AI across its software products with Copilot

It utilizes an underlying model from OpenAI—makers of ChatGPT—to assist users in creating documents, writing code, locating files, and more across Windows, Microsoft 365, Bing search and WhatsApp on desktop and mobile devices. Copilot Voice and Vision offer accessibility features for users who prefer not to use mouse/keyboard navigation.

There’s an artificial intelligence model trained on bankruptcy law

Although it's designed for lawyers, the tool is able to help everyday browsers synthesize important cases and point users to relevant documents about them. One sample using it asks Chatlaw to explain the significance of a recent case and then to define relevant terminology.

Pretend to be an AI chatbot and answer real prompts

This site, which allows people to answer prompts in real time, has millions of visitors. Join the crowd of people tired of AI chatbots and seeking human connection. You can ask questions, answer questions, and draw for each other.

Four popular budgeting strategies

While budgeting is an individualized process, there are a few tried-and-true budgeting methods people interested in saving money or paying down debt tend to use. These methods include the envelope method—where people budget for things like rent, savings, and food by putting cash in various physical envelopes—the 50/20/30 method, and others. Read about four popular budgeting strategies in this article.

Meet the investor running his life with AI

Daniel Ha is a venture capitalist who built a suite of AI agents to boost his productivity, both professionally and personally. At his VC firm, a troupe of agents gathers data on startups and analyzes it from competing perspectives to produce a confidence score. When his dad was diagnosed with cancer, Ha used an oncology-trained AI to help him understand the condition.

Try to balance the budget

This interactive calculator challenges users to rebalance the federal budget by adjusting taxes and spending. Try your hand at weighing difficult trade-offs that shape long-term deficits, debt growth, and the sustainability of US public finances.

Smart pricing algorithms can unintentionally work together to raise prices

Researchers have found that, through trial and error, algorithms designed to adjust prices based on market data can learn to mimic price-fixing tactics, even without explicit programming to do so. Over time, they "learn" that it is more profitable to avoid price wars and keep prices high when competitors lower prices.

Calculate creator economy platform costs

The creator economy continues to be an attractive way to earn money for many people. While many platforms exist to help creators monetize their work, each has different feature sets and pricing models. This calculator helps workers decide which platform works best for them.

'Planet Money' debates the financial indicators that defined 2025

In this end-of-year episode, "Planet Money" stages a playful debate over which economic indicators best captured the chaos of 2025—from tariffs to AI bubbles—and which signals may matter most as the US economy heads into 2026.

Listen to an interview with a gig economy expert

In this podcast episode, the hosts sit down with NerdWallet Senior News Editor Rick VanderKnyff, a gig economy expert who explains why the sector grew during the COVID-19 pandemic, what defines a gig worker, how gig workers handle their finances, and more.

How to save money with 'loud budgeting'

"Loud budgeting" is when you announce to your friends that something—a restaurant, an activity, and so on—is too expensive and you can't afford it. The term, which opposes the social pressure of keeping up wealthy appearances, was coined by comedian Lukas Battle in 2024 as a joke, but it caught on with TikTokers amid inflation.

A ‘rent vs. buy’ financial calculator

The New York Times built a continuously updated financial calculator to help potential homebuyers figure out which makes more sense given their individual situation: buying or renting a home. It takes into account how long someone plans to own the home for, mortgage rates, and more.

A vending machine run with Anthropic's AI went out of business after it was convinced to give away items for free and sell a video game console.

Use this tool to calculate the dollar value of your parental mental load, from meal planning to coordinating after-school care, then see resources that help generate solutions.

Telehealth demand for GLP-1s for weight loss is booming as consumers seek easier access.

Play the role of a student in a game where you try to navigate college and remain debt-free, selecting different income levels, high school experience, race, ethnicity, and more.

Watch how algorithms can be designed to train themselves and self-improve without human input, to the point where the optimized code is too complex for programmers to understand.

Electrical grids worldwide must double their power delivery capacity by 2050 to meet surging demand from AI and electric vehicles.

US housing costs have risen by roughly 175% between 1991 and 2026—but a growing number of Gen Zers are becoming homeowners anyway. In 2025, 4% of homebuyers were Gen Z, up from 3% the year before.

Warren Buffett's former professor Benjamin Graham is known as the 'father of value investing,' a strategy in which investors seek to buy stocks trading below their intrinsic worth.

Astronauts have repaired genetic damage in space using CRISPR—a molecular tool that can make precise changes to DNA and is used in single-celled organisms to attack invasive viruses.

The first steps to rebuilding your credit score include getting to know exactly what's on your credit report and figuring out how far you are from the '700 club,' or 'good score' range.

Children are now three times more likely to say they want to be a YouTuber when they grow up than an astronaut, with some even attending 'YouTube camps' that teach kids how to create content for the platform.

The USPS spent $3.97B in 2024, accounting for .058% of the federal budget.

Stanford built a Google Maps for the Roman Empire, revealing how much it cost to travel in the ancient world

In 2025, four executives from large tech companies were given positions in the US Army Reserves—including Palantir Chief Technology Officer Shyam Sankar, which reinforced Palantir's ties with the US military and its role as a leading defense partner.

Up to a million Girl Scouts sell about 200 million cookie boxes every spring, generating $800 million, largely because refusing a child is frowned upon

Chaos theory—informally known as the butterfly effect—is the reason why weather forecasts are presented with probabilities rather than certainties.

Gerrymandering works through two techniques: cracking opposing voters across districts to dilute their power, and packing them into a few to waste their votes in lopsided majorities.

Recent research found that the brain doesn't seem to massively rewire following amputation—upending earlier beliefs about the cause of phantom limb pain.

Art theft is the third-largest source of criminal revenues worldwide, thanks in part to the subjective nature of valuing a work of art.

Clever Hans was a 1900s horse that was believed to be able to solve math equations, tell time, and read and comprehend German, until a psychology student discovered how he got his answers.

Studies suggest when you sleep is as important as how much you get, and syncing with your circadian rhythms may lead to less fatigue and improved long-term health outcomes

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

Memecoins are a type of cryptocurrency—a form of digital currency with a wide variety of uses—created around popular 'memes,' or viral internet jokes.

Hotels in Cannes, the glamorous city on the French Riviera, hire hawks to ward off seagulls during the city's famous film festival.