Doesn’t it seem like every day a new use for Artificial Intelligence is popping up? Artificial Intelligence is transforming our lives and AI-powered finance tools can change the way you manage your finances and improve your overall financial well-being.
Here, from the personal finance website Bankrate.com, are four of the best money-saving AI apps. These digital tools work like having a financial advisor and coach in your pocket — one that learns your spending habits, identifies money-wasting patterns and then can implement a savings strategy that’s tailored to your lifestyle.
Cleo: Best AI chatbot for personalized savings
Cleo combines automated savings features with an interactive AI chatbot that can answer your financial questions based on your actual spending data.
Cleo’s strength lies in making savings feel conversational rather than punitive. The AI chatbot can answer questions like “How much should I save for vacation?” based on your actual income and spending patterns. The app’s autosave feature analyzes your cash flow and automatically sets aside amounts you won’t miss. You can also build credit with the Cleo credit card.
Key features:
- Automatic savings through roundups and smart weekly transfers
- AI chatbot provides real-time budgeting advice and spending insights
- Customizable savings “fines” for spending on designated categories
App store rating: Apple App Store: 4.6, Google Play Store: 4.0
How it helps you save: Cleo’s AI provides real-time feedback on spending decisions and implements automated savings strategies that adapt to your financial situation.
Cost: Free basic plan; premium plans $2.99 to $14.99 monthly
Rocket Money: Best for managing recurring payments
Rocket Money uses AI to identify and cancel unwanted recurring payments while offering you an automated, customized savings strategy.
The app’s AI analyzes your spending to identify subscriptions you’ve forgotten about or no longer use. Rocket Money can cancel these subscriptions on your behalf, often saving users $50 to $100 monthly. The Smart Savings feature predicts how much you can save every few days without affecting your cash flow.
Key features:
- Automatic subscription detection and cancellation
- Smart savings that predict optimal transfer amounts
- Bill tracking and negotiation services
- Spending categorization and budget monitoring
App ratings: Apple App Store 4.5, Google Play Store 4.7
How it helps you save: By eliminating forgotten subscriptions and automating savings based on spending patterns, Rocket Money helps users save money without lifestyle changes.
Cost: Free version available; Premium $6 to $12 monthly after seven-day trial
Honey: Best for savings on everyday shopping
Honey uses AI to automatically find and apply the best coupon codes during online checkout, maximizing your savings on everyday purchases. Honey’s AI continuously scours the internet for discount codes and automatically tests them during checkout to ensure you get the best available price. The average user saves $126 annually through automatic discounts and price tracking features.
Key features:
- Automatic coupon code application at 30,000+ online retailers
- Price tracking and drop notifications for wish-listed items
- Honey Gold rewards program for additional cash back
- Browser extension integration for seamless shopping
App ratings: Apple App Store 3.6, Google Play Store 2.6
How it helps you save: Effortless coupon application and price monitoring ensure you never pay full price for online purchases.
Cost: Free
Origin: Best all-in-one financial planning app
Origin combines AI-powered budgeting with access to human financial advisors for more holistic money management. Origin’s AI assistant, Sidekick, reviews your complete financial picture to deliver personalized recommendations for budgeting, saving and investing. The app bridges the gap between automated tools and human expertise by offering optional sessions with financial professionals.
Key features:
- AI-driven spending analysis and personalized budget recommendations
- Goal-based financial planning with progress tracking
- Access to Certified Financial Planners for expert guidance
- High-yield cash account and automated investing options
App ratings: Apple App Store 4.6, Google Play Store 4.2
How it helps you save: The app’s comprehensive analysis identifies spending optimization opportunities alongside professional human advice for long-term financial planning.
Cost: $12.99 monthly or $99 annually after a seven-day free trial.
For more money-saving AI apps visit https://www.bankrate.com/banking/savings/ai-apps-to-help-you-save-money/
