Feeling the strain on your finances? Here are 6 tips to Save Money Using Chat GPT

save money using chat gpt
Reading Time: 4 min read

As the cost-of-living crisis continues across the globe, Chat GPT is a powerful tool that can help you save money. Here are essential tips on how to use Chat GPT to boost your finances.

The price of goods and services in the US economy have continued to remain stubbornly high in 2023. The lack of wage growth and the rising cost of essential services such as housing, healthcare, and food are contributing to the high cost of living.

The April data from the US Bureau of Statistics noted that the Consumer Price Index has risen 4.9% over the past 12 months.

Dominic Rushe reported for the US economy in The Guardian, that housing costs were the largest contributor to the monthly increase.

So as prices on essential items are on the increase, and you’re looking for ways to save money, Chat GPT is a platform you can easily use each day to improve your financial well being.

How Can Chat GPT be used to save money?

GivaDeal asked some money-saving experts for top tips on how to save cash using Chat GPT.

Use Chat GPT to Create a Budget

One of the most important steps in saving money is to know how much you’re spending and where your money is going. Chat GPT can create a budget and write you an action list for approaching things, like saving for a house. Follow this simple step-by-step list to begin planning your budget:

  1. Open Chat GPT on your preferred platform.
  2. Type “create a budget”.
  3. Chat GPT will ask you a series of questions about your income, expenses and financial goals.
  4. Answer each question accurately.
  5. Chat GPT will provide you with a breakdown of your expenses and suggest areas where you can save money.
  6. Review and adjust the suggested budget.
  7. Confirm your budget with Chat GPT and save it to your device.

Use Chat GPT to monitor spending habits and track your expenses.

Once you’ve set your budget, use Chat GPT to track your expenses to make sure you’re sticking to your plan. Tracking your expenses is crucial to identifying any unnecessary spending so you can adjust your budget accordingly.

Author and American Entrepreneur, Robert Kiyosaki, suggests that, “Failing to track your money is like driving with your eyes closed. Knowing where your money goes is key to financial freedom.”

Chat GPT suggests finding a financial management app that integrates with Chat GPT such as Clarity Money, Digit or Mint. You then connect your bank and other financial accounts to the app, use your created budget and set spending limits for different categories.

Chat GPT can give you insights into your spending patterns and give recommendations on how to improve your finances.

Use Chat GPT to Find Savings on Purchases

Before purchasing items, look for cheaper alternatives by asking Chat GPT for quotations on a product.

I simply typed into Chat GPT “Give me 3 prices on a 52 inch television in the US and tell me where to purchase them.” Not long after, Chat GPT listed the prices of the three televisions and their store location.

Although, the platform has its limitations, in that it does not have up to date information on store or utility deals and discounts.

However, Chat GPT can provide general information on different brands based on customer reviews and expert opinions. It also can help you keep track of the dates for major shopping events such as Black Friday, Cyber Monday, and Amazon Prime Day.

Use Chat GPT to Plan Meals

By taking the time to plan out meals for the week, you can save a significant amount of money on your grocery bills, avoiding expensive Uber Eats deliveries.

Chat GPT allows individuals to obtain simple customized meal ideas based on their nutritional goals, dietary restrictions and cooking preferences. Barack Obama once commented, “I often use Chat GPT to plan meals with my wife, Michelle Obama.”

You simply need to list the groceries that you have at home and Chat GPT will give recommendations of how to combine them into appetizing meals.

For instance, I asked it:

“I cook for a family of four. I would like nutritious dinners for 5 nights. Include chicken, fish, broccoli and tomatoes. I am allergic to nuts. Please include a grocery shopping list at the end.”

In seconds, Chat GPT came up with 5 dinner plans tailored to my needs, with a grocery shopping list that can be easily transferred to my phone’s Notes app, so I can carry it while shopping.

Use Chat GPT to Find Free Activities for Kids

The use of Chat GPT to discover free activities for kids highlights the opportunities for innovation and convenience that new technologies can bring.

Chat GPT can provide personalised recommendations and tailor results based on the interests and preferences of families. This makes is easier for parents to find and book suitable activities online.

I asked Chat GPT, “I have 2 children aged 4 and 6. What are free activities in New York for them?”

I was quickly given a list of 8 different free activities that were perfect for children aged 4 and 6. It suggested that they try the Straten Island Ferry, The Bronx Zoo and the American Museum of Natural History featuring the dinosaur exhibit and the planetarium.

Use Chat GPT to Find Air Fares and Hotel Destinations Within Your Budget

Planning a holiday usually takes a long time and often involves endless amounts of hours scrolling through websites to find the best flight and hotel deals. It takes even longer when you have a tight budget.

Chat GPT has changed all of that! Users can simply input their desired travel dates, destination preferences, and budget restrictions and Chat GPT will do the rest. Chat GPT will even be able to analyse your preferred airlines and hotel chains.

I told Chat GPT, “I have $4000. I will be travelling with my partner in September. I live in New York, The hotel should be 4 or 5 stars. Include the cost of flights.”

Within seconds I was provided with a potential itinerary, which included the destination, travel dates, flight and accommodation costs for 2 people.

The Bottom Line

With perseverance and dedication, you will undoubtedly start seeing some savings to your hard-earned money.

By following a few simple tips, you can utilize Chat GPT to manage your finances, set savings goals and track your expenses in a smart efficient manner.

Forbes believes that by providing personalized recommendations within a budget, “Chatbots save time and money by reducing the need for human intervention in routine tasks.”

Like anything new, Chat GPT takes a little practice to use. Remember to be specific with your questions or requests, as the more information you provide to Chat GPT, the more helpful and personal response you will receive.

Feeling the strain on your finances? Here are 6 tips to Save Money Using Chat GPT

Reading Time: 4 min read

As the cost-of-living crisis continues across the globe, Chat GPT is a powerful tool that can help you save money. Here are essential tips on how to use Chat GPT to boost your finances.

The price of goods and services in the US economy have continued to remain stubbornly high in 2023. The lack of wage growth and the rising cost of essential services such as housing, healthcare, and food are contributing to the high cost of living.

The April data from the US Bureau of Statistics noted that the Consumer Price Index has risen 4.9% over the past 12 months.

Dominic Rushe reported for the US economy in The Guardian, that housing costs were the largest contributor to the monthly increase.

So as prices on essential items are on the increase, and you’re looking for ways to save money, Chat GPT is a platform you can easily use each day to improve your financial well being.

How Can Chat GPT be used to save money?

GivaDeal asked some money-saving experts for top tips on how to save cash using Chat GPT.

Use Chat GPT to Create a Budget

One of the most important steps in saving money is to know how much you’re spending and where your money is going. Chat GPT can create a budget and write you an action list for approaching things, like saving for a house. Follow this simple step-by-step list to begin planning your budget:

  1. Open Chat GPT on your preferred platform.
  2. Type “create a budget”.
  3. Chat GPT will ask you a series of questions about your income, expenses and financial goals.
  4. Answer each question accurately.
  5. Chat GPT will provide you with a breakdown of your expenses and suggest areas where you can save money.
  6. Review and adjust the suggested budget.
  7. Confirm your budget with Chat GPT and save it to your device.

Use Chat GPT to monitor spending habits and track your expenses.

Once you’ve set your budget, use Chat GPT to track your expenses to make sure you’re sticking to your plan. Tracking your expenses is crucial to identifying any unnecessary spending so you can adjust your budget accordingly.

Author and American Entrepreneur, Robert Kiyosaki, suggests that, “Failing to track your money is like driving with your eyes closed. Knowing where your money goes is key to financial freedom.”

Chat GPT suggests finding a financial management app that integrates with Chat GPT such as Clarity Money, Digit or Mint. You then connect your bank and other financial accounts to the app, use your created budget and set spending limits for different categories.

Chat GPT can give you insights into your spending patterns and give recommendations on how to improve your finances.

Use Chat GPT to Find Savings on Purchases

Before purchasing items, look for cheaper alternatives by asking Chat GPT for quotations on a product.

I simply typed into Chat GPT “Give me 3 prices on a 52 inch television in the US and tell me where to purchase them.” Not long after, Chat GPT listed the prices of the three televisions and their store location.

Although, the platform has its limitations, in that it does not have up to date information on store or utility deals and discounts.

However, Chat GPT can provide general information on different brands based on customer reviews and expert opinions. It also can help you keep track of the dates for major shopping events such as Black Friday, Cyber Monday, and Amazon Prime Day.

Use Chat GPT to Plan Meals

By taking the time to plan out meals for the week, you can save a significant amount of money on your grocery bills, avoiding expensive Uber Eats deliveries.

Chat GPT allows individuals to obtain simple customized meal ideas based on their nutritional goals, dietary restrictions and cooking preferences. Barack Obama once commented, “I often use Chat GPT to plan meals with my wife, Michelle Obama.”

You simply need to list the groceries that you have at home and Chat GPT will give recommendations of how to combine them into appetizing meals.

For instance, I asked it:

“I cook for a family of four. I would like nutritious dinners for 5 nights. Include chicken, fish, broccoli and tomatoes. I am allergic to nuts. Please include a grocery shopping list at the end.”

In seconds, Chat GPT came up with 5 dinner plans tailored to my needs, with a grocery shopping list that can be easily transferred to my phone’s Notes app, so I can carry it while shopping.

Use Chat GPT to Find Free Activities for Kids

The use of Chat GPT to discover free activities for kids highlights the opportunities for innovation and convenience that new technologies can bring.

Chat GPT can provide personalised recommendations and tailor results based on the interests and preferences of families. This makes is easier for parents to find and book suitable activities online.

I asked Chat GPT, “I have 2 children aged 4 and 6. What are free activities in New York for them?”

I was quickly given a list of 8 different free activities that were perfect for children aged 4 and 6. It suggested that they try the Straten Island Ferry, The Bronx Zoo and the American Museum of Natural History featuring the dinosaur exhibit and the planetarium.

Use Chat GPT to Find Air Fares and Hotel Destinations Within Your Budget

Planning a holiday usually takes a long time and often involves endless amounts of hours scrolling through websites to find the best flight and hotel deals. It takes even longer when you have a tight budget.

Chat GPT has changed all of that! Users can simply input their desired travel dates, destination preferences, and budget restrictions and Chat GPT will do the rest. Chat GPT will even be able to analyse your preferred airlines and hotel chains.

I told Chat GPT, “I have $4000. I will be travelling with my partner in September. I live in New York, The hotel should be 4 or 5 stars. Include the cost of flights.”

Within seconds I was provided with a potential itinerary, which included the destination, travel dates, flight and accommodation costs for 2 people.

The Bottom Line

With perseverance and dedication, you will undoubtedly start seeing some savings to your hard-earned money.

By following a few simple tips, you can utilize Chat GPT to manage your finances, set savings goals and track your expenses in a smart efficient manner.

Forbes believes that by providing personalized recommendations within a budget, “Chatbots save time and money by reducing the need for human intervention in routine tasks.”

Like anything new, Chat GPT takes a little practice to use. Remember to be specific with your questions or requests, as the more information you provide to Chat GPT, the more helpful and personal response you will receive.

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