More than half of consumers report using artificial intelligence for financial advice or information, according to a 2025 JD Power survey. Thirteen percent of those respondents say they use AI for banking and financial services on a daily basis.
As higher everyday costs strain budgets, AI offers tips and tools for saving money. This trend emerges as people set New Year's financial goals.
AI can help turn vague goals like "save more" into clear, actionable plans. For example, users can ask AI to break a goal of saving $5,000 in a year into monthly targets based on a $60,000 annual salary.
Many consumers pay for unused subscriptions. A CNET survey found the average U.S. adult spends $1,080 annually on subscriptions, with nearly $200 going to unused ones. AI-powered apps like Rocket Money or Trim can find and cancel unwanted subscriptions quickly.
Monthly bills for internet, cable, home services, insurance, and medical expenses can often be negotiated. AI chat tools can draft emails or prepare scripts for these negotiations. Services like PocketGuard or Pine AI can negotiate bills on behalf of users.
Shopping tools powered by AI help find the best prices, set alerts, and track price histories. Companies including Google, Amazon, and Walmart offer AI shopping assistants. These tools can identify generic alternatives, compare specifications, and flag overpriced items.
AI assists in automating savings decisions to combat decision fatigue. It can review finances to determine how much to automate into savings after bills, whether to prioritize emergency funds or investing, and create rules like moving excess checking balances to savings.
AI serves as a financial assistant but is not foolproof. It can make mistakes and does not replace expert analysis. When uncertain, consulting a financial advisor is recommended.