10 Ways That ChatGPT Can Help You Save Money

Budgeting and figuring out ways to save money – especially when the cost of living doesn’t seem to get any easier – is exhausting. It’s such a burden that you feel like it’s worth paying for convenience. Thankfully, one can turn to technology to help sort out this massive headache.

ChatGPT has been making headlines worldwide – and for good reason, too. This extremely popular Artificial Intelligence (AI) chatbot can help you in ways that can surprise you, including directing you towards the right ways of saving money. Think of it as your personal assistant that can be a valuable tool in your quest to save money.

From snagging the best travel deals to meal planning and everything else, let’s dive into ten ways you can use ChatGPT to save money!

Get Help with Budgeting

Getting started on a budget can be difficult, but thankfully, ChatGPT can do most of the work for you. Input information such as your income, salary, and bonuses, along with details about your expenses such as groceries, rent, utilities, etc. Using this information, ChatGPT will give you a list of tips to reduce costs and maximize savings.

Example: I earn $4000 a month and my expenses are $2500. Can you help me create a budget?

Keep Track Of Your Spending

No matter how hard you try to stick within a budget, you might find yourself tempted to overspend. Every penny you spend counts when trying to stay within a budget, but it’s not always easy to track everything. This is where ChatGPT can help. You just need to type the amount you spent on each item, and in addition to keeping track of your expenditures, ChatGPT will also allow you to identify areas in which you can reduce spending.

Example: Track my spending for September.

Plan Cheaper Travel Itineraries

Many people are turning to ChatGPT to save money on their upcoming travel plans. It’s a great tool to search for cheap flights and breaks. Why spend money on a travel agent when you can get excellent travel advice, last-minute flight deals, and hotel suggestions from ChatGPT?

Example: Where can I fly from Texas for less than $50 in November?

Find Discounts & Coupons

We all know that shopping can burn a massive hole in your wallet, which is why most people would jump mat the chance to get a sweet deal. ChatGPT can be used to search for deals and coupons for many services and products. All you need to do is type in the product or service you’re looking for and allow ChatGPT to generate a list of discounts and coupons. The AI can scan the span of the internet and find deals from places you didn’t even know existed on the internet!

Example: Find discounts for new hoodies for women.

Compare Prices

There are many prices for the same product in the market, and every cent counts when you’re trying to save money. This is where ChatGPT comes in. You can use the AI tool to compare prices for different products and services. You only need to type in what you’re looking for, and ChatGPT will give you a list of different prices from various retailers.

Example: Compare prices for a new iPhone.

Pay Your Bills

Keeping ahead of your bill payments is a tiresome task, and it can often slip your mind, what with the daily stresses one has to deal with. You can use ChatGPT to pay your bills by typing in the amount payable along with the due date. This way, you can avoid late fees and maintain your credit score.

Example: Pay my utility bills for me.

Set Financial Goals

ChatGPT’s AI bots can offer advice on ways you can manage your finances and make better-informed decisions to save money in the long run. In addition to helping you to set financial goals, it can also track your progress towards reaching them, allowing you to stay motivated.

Example: Set financial goals for me based on my income and expenses.

Research Ways to Save Money

We know the internet is full of money-saving tips, but sometimes, following even one can be overwhelming. When you take a more personalized approach through the help of ChatGPT to learn money-saving tips, it can be easier to comprehend and adhere to.

If you input the amount of money you want to save for the month, ChatGPT will give you a list of practical ways to save money. From suggesting that you cook at home more often to canceling unused subscriptions, you will be given some practical tips you can easily implement.

Example: How can I save $100 a month?

Get Financial Advice

There is a reason why people hire financial advisors – they can help you overcome a financial dilemma you’re in or even just to assess the best option when making a tricky decision. Unfortunately, a professional comes with a hefty price tag.

So, is there an alternative? Of course; just use ChatGPT to get financial advice! For example, once you type in your financial situation, ChatGPT would suggest ways to pay off debt, save for a down payment on a house, or invest in a retirement account.

Example: I am 30 years old and have $20,000 in debt. What can I do?

Invest Your Money

Investing is a vast topic, so it’s good to have ChatGPT, who is like your personal assistant, to assist you. From helping you understand your investment options to teaching about concepts like risk tolerance, diversification, asset allocation, etc., ChatGPT can help you see things more clearly and answer questions you may have. It can analyze current market trends and make predictions for the future, helping you pick the right place to invest your hard earned money!

Example: I want to invest $20,000. What are some excellent investment options for me?


There is no denying that ChatGPT is a powerful tool to help save money. However, it should be understood that it is not a replacement for human financial advisors. Technology is also prone to error and cannot give you personalized financial advice. However, it can be helpful in terms of providing you with a general understanding of personal financial concepts so you will be better equipped to save money, especially if you cannot afford to hire a professional!