From writing and email filtering to online shopping and transportation directions, AI-powered apps make our lives easier. But did you know that AI can also help you manage your money?
In this article, we present a list of AI-powered apps that can help you save money. So whether you want to invest more, pay off debt, or better manage your budget, these apps can help.
table of contents
- Best AI money management app
- 1. Cleo
- 2. Expansion
- 3. Acorn
- 4. Rocket Money
- 5. Quickbooks
- 6.Wally
- 7. PayPal Honey
- 8. One main trim
- 9. Bright Money
- 10. Ways
- FAQ
- final thoughts
Best AI money management app
The apps below use AI technology to offer a variety of financial products and services, including checking accounts, high-yield savings accounts, investment funds, budgeting tools, payment reminders, and automatic transfers.
1. Cleo
Fee: $5.99/month
Ideal for: Those who want a real-time AI financial coach
Cleo’s The tagline is “AI meets money.” This app uses his AI integration to help you with everything from building credit to avoiding overdraft fees.
Cleo Budget Planner helps you identify, categorize, and organize your expenses, create a budget based on your net income, and “find” cash advances without a credit check if your account goes into negative territory.
Savings tools include a fancy jar for when you break a promise to yourself and a round-up savings feature. If you prefer a set-it-and-forget-it approach, you can also set up automatic transfers to your savings account.
Check out our full article Cleo review Want to know more?
Learn more about Cleo
2. Expansion
Fee: $13.99/month or $131.99/year
Best use: Those who want an AI investment partner
Magnify This is an app that uses AI to help you invest your money. This app helps you determine the best investment allocation for your financial situation and personality.
With Magnifi, you can learn more about investing, explore investment options, set financial goals, and more. Magnifi offers stocks, ETFs, and Bitcoin.
Magnifi’s search engine also helps you search for investments based on your personal interests. For example, you can narrow your search using filters such as renewable energy, logistics, and senior investment.
Magnifi offers a commission-free brokerage service where you can buy stocks and ETFs, but you have to pay a monthly or annual subscription, making it expensive compared to top robo-advisor platforms like M1 Finance and Betterment.
Learn more about Magnifi
3. Acorn
Fee: $3 to $9 per month
Ideal for: A savings app for people who want to start with a small amount
Acorn is a banking app that allows you to spend, save, and invest effortlessly. We offer high-yield savings accounts, checking accounts, and Mighty Oak debit cards to help you spend your money efficiently.
When you bank with Acorns, your purchases are automatically added to your investment account in the form of round-ups.
You can also automatically transfer funds to your emergency fund. Acorns offers competitive yields on both savings and checking accounts. Acorns can be downloaded from the Apple App Store and Google Play Store.
Read our full review of Acorns here.
Learn more about acorns
4. Rocket Money
Fee: Free – $12/month
Ideal for: Track your financial data.
rocket money He advertises himself as a financial assistant. The company’s money management app comes with many features with a paid subscription, including:
- Subscription management
- budgeting tools
- Spending insights
- automatic savings
- net worth tracking
When you link Rocket Money to your financial accounts, the app helps you create a stronger financial picture.
Rocket Money also helps you track both your credit and bank account balances, and notifies you when your bank account gets too low or your credit balance gets too high.
read our article rocket money review To learn more.
Learn more about Rocket Money
5. Quickbooks
Fee: $15 to $100 per month
Ideal for: Bookkeeping for small business owners and independent contractors
for many years quickbooks The app continues to be popular among small business owners and freelancers. It includes a wide range of useful features such as income and expense tracking, mileage tracking, and various reports depending on your subscription such as balance sheet and income statement.
The various Quickbooks subscription plans are designed to accommodate sole proprietors as well as small businesses with multiple employees. Subscription plans can accommodate 1 to 25 users and cost between $15 and $200 per month, but at the time of writing there was a 50% off discount for three months.
Payroll services and a 24/7 support line are also available. Check out the Quickbooks site for subscription discounts and 30-day trials.
Learn more about QuickBooks
6.Wally
Fee: free
Ideal for: People who need detailed budgeting tools
Wally is very similar to other AI apps in that it helps you budget, save, and set goals. What makes Wally stand out is his WallyGPT, an AI chat assistant.
You can ask WallyGPT anything from “How much of your income do you save?” Ask people how much they spent at restaurants in the past six months and get detailed answers.
WallyGPT also helps you plan for specific savings goals, set advance notifications for upcoming bills, and set custom rules for every part of your financial plan.
The app also provides recommendations for helpful services and has an AI-powered learning center for all your money questions.
Bonus: Wally operates in over 70 countries, which makes it very useful if your money is spread across different currencies. And yes, it’s completely free.
Learn more about Wally
7. PayPal Honey
Fee: free
Ideal for: avid online shopper
paypal honey (previously just “Honey”) is a quiet little app that works on both PC and mobile devices.
When you shop online, Honey finds the best price for the products and services you are purchasing.
PayPal Honey works with over 30,000 stores to help you find great deals. There is also a droplist feature where you can add products. With Droplist, Honey tracks the price history of selected items and notifies you when the price drops.
Sign up for Honey Gold, the app’s rewards program, earn points and get free gift cards to popular stores.See our PayPal Honey Review You can learn more.
The average savings for PayPal Honey users is $126 per year.
Learn more about honey
8. One main trim
Fee: Free (something like)
Ideal for: People who want to save money easily
one main trim The app works to silently search your linked cards and bank accounts to find hidden subscriptions and save you money.
When Trim finds a subscription transaction, it asks if you want to keep it. If not, Trim will cancel your subscription on your behalf.
The app also has a bill negotiation feature that works to lower prices on things like insurance and streaming subscriptions.
Trim has no monthly or annual subscription fees. However, if the app saves you money using the optional bill negotiation fee, you will be charged up to 15% of your annual savings. To save even more money, you can also look for long-forgotten subscriptions yourself.
Trim says the average user can save $213 a year and keep their data safe with bank-level security.
Learn more about OneMain Trim
9. Bright Money
Fee: free
Ideal for: People seeking freedom from debt
bright money It uses AI to examine your spending habits, income, and debt, and creates a plan to pay off your debt faster.
The app analyzes your financial situation every week, moves money into your Bright Stash account, and uses that money to pay off your debt faster. Think of this as an automated debt snowball plan.
If Bright Money transfers too much or not enough, you can manually adjust the settings to suit your needs.
You can also use Bright Money to grow your savings balance faster.
Learn more about Bright Money
10. Ways
Fee: free
Ideal for: person who frequently drives
Waze is a different kind of money-saving app. Use AI to find the most fuel-efficient route to your destination.
Detect accidents, construction, and other traffic stop events during your commute or long drive. If this happens, reroute to a more obvious path to save both gas money and time. You can also plan your trip in advance and save it in the app.
Instead of waiting in traffic or consuming expensive fuel or battery power, you can continue on your route to your destination.
Learn more about Waze
FAQ
Many fintech apps use artificial intelligence to help you organize your finances. These apps can track spending patterns, manage budgets, manage cash flow, and recommend investments and other financial products.
It’s important to read the fine print, but most AI and other apps have strict security standards, and some even have bank-level security measures in place. For more information, visit his website for the app you are considering using.
The best AI apps are those that help you reach your financial goals. For example, are you struggling to manage your cash flow? If so, you might want to use a personal finance app like Wally. Need to cut expenses or pay off debt? Then consider apps like OneMain Trim, Waze, and Bright.
final thoughts
That’s the list of AI apps that can help you save money. The good thing about many of these apps is that they are free to use. However, keep in mind that while these apps have built-in AI, there are other financial apps out there that have better features and often come at a cheaper price. For example, if you need help with budgeting, check out our list of the best free budgeting apps. You can also find our guide to the top investing apps here.
No matter which app you choose, if you use it effectively, you’ll be on track to achieve your financial goals this year.