These AI-Powered Apps Will Help You Save Money

Many financial goals can be at least partially automated . While I typically caution against using artificial intelligence in personal finance, most money-saving apps are essentially like robo-advisors . That is, they have their limitations, but they also have serious advantages. For the most part, these apps are designed to make managing your finances as easy as possible. This means that one of their biggest drawbacks is that they often offer narrow investment options and general strategies without fully taking into account your personal situation. Meanwhile, AI-powered apps can provide ever-changing recommendations based on your personal finances as well as real-world trends. If you’re using these apps with a grain of salt (a grain that only a real person can provide), consider the following tools to get the most out of managing your money.

Disclaimer: I do not use any of the apps below regularly. I just did my research and played around with each one to make sure they were legit.

The Best Apps to Automate Your Savings Based on Your Expenses

• Oportun . Formerly called Digit, the app connects to your bank accounts and uses artificial intelligence to analyze your spending and automatically transfer small amounts into your savings account. Helps you save without thinking about it.
• Capital . Another one of those “set it and forget it” tools that are great for passive investors. Uses rules and triggers that you set to automate saving and investing. Rounds up transactions or sets aside money depending on your goals.
• Albert . Provides users with a personalized financial expert who can provide recommendations for budgeting, saving, and debt management based on income and spending patterns.

Best Bill Saving Apps

• Trim . Uses artificial intelligence to analyze your spending and reconcile bills and subscriptions on your behalf to reduce costs. You can cancel unwanted subscriptions.
• Spruce . Specifically looking for ways to lower utility, cable/internet and cell phone bills. Their AI searches for the best plans to optimize costs.
• Rocket money . Great for managing recurring payments. It’s designed to identify expenses you might otherwise miss and comes with auto-save features.

The Best Apps to Improve Your Investing Skills

• Cleo . “AI meets money.” An AI-powered chatbot that gives you insight into your finances and helps you track budgets and expenses. Can find ways to save and give objective money advice.
• Magnifi . Positions itself as an “AI investing assistant.” Similar to ChatGPT, it offers conversational guidance to help users research and buy investments, manage and diversify their portfolios, and learn about investing. Magnifi costs $13.99 per month or $133.99 per year.

While the above AI-powered apps can give you a financial edge, you should balance their guidance with that of a professional if you truly want to optimize your savings. If you do decide to invest with a financial advisor, be sure to read about the difference between fee-for-service and fee-only advisors , as some financial advisors may not have your best interests at heart. After all, when it comes to finding the right financial planner, the last thing you want is to get scammed .

What’s more, here are some of the best apps based on how you spend your money or your savings goals .