In recent years, artificial intelligence platforms have transformed from an emerging and underdeveloped technology into an everyday tool for most Americans. Whether you need to quickly find recipes based on ingredients in your cupboard, create a fitness plan, or find inspiration for a date night, you can get the answers in seconds via your smartphone.

Many people are even starting to rely on artificial intelligence for financial advice.

According to FNBO's 2025 Financial Wellbeing Study, 46% of Americans have used AI such as ChatGPT to help them manage their personal finances, and another 50% trust the financial advice provided by AI.

What can artificial intelligence be used for?

You can apply artificial intelligence (AI) to your financial management in many ways; in fact, you may already be relying on it without even realizing it.

Many financial institutions and platforms are using AI to enhance chat support, detect fraud, generate credit scores and personalized product recommendations, enable multi-factor authentication, and more.

Platforms like ChatGPT and Gemini are putting these tools directly into the hands of ordinary Americans, enabling them to develop personalized financial solutions and budgets.

“The steps a good financial planner takes, such as reviewing cash flow, identifying blind spots, and conducting targeted stress tests, are not magic, but methodical. AI can learn to do these things too, given the right data and context,” says Andrew Latham, a registered financial planner at SuperMoney.com. “The gap between AI and human registered financial planners is narrowing. Even so, human financial advisors still possess advantages that AI cannot currently replicate: building relationships, taking responsibility, and the ability to help clients avoid emotional decisions during market volatility. In the future, the two will work together.”

Should we completely trust AI?

AI platforms have developed rapidly in a short period, but many users and experts still have concerns.

The more information you share with an AI chatbot, the more personalized the recommendations it can provide. However, sharing sensitive information can also introduce potential risks of fraud and privacy issues.

A 2024 study by PYMNTS.com found that consumers' concerns about using AI making them more reliant on technology and more vulnerable to privacy breaches are not unfounded.

A 2025 IBM report found that 13% of organizations reported their AI models or applications being compromised, while 8% reported not knowing whether they had been compromised in this way.

Souja Vesvisan, IBM's vice president of security and runtime products, stated in a press release: "The data shows a gap already existing between the application and regulation of AI, and threat actors are beginning to exploit this gap. The report reveals a lack of basic access controls in AI systems, leading to the exposure of highly sensitive data and making models vulnerable to tampering. As AI becomes increasingly integrated into business operations, AI security must be considered a fundamental issue. The cost of inaction is not only financial losses but also the loss of trust, transparency, and control."

How can we use AI responsibly in financial matters?

Artificial intelligence can be an invaluable tool—especially when you can't afford in-person professional help. However, there are steps you can take to protect your privacy and use AI tools more responsibly.

Carefully read platform privacy policies and privacy settings: Take the time to read the terms and conditions of the AI platforms you use to understand how your data is used and adjust your privacy settings to suit your preferences. For example, you can prevent certain platforms from archiving your conversations or using them to guide future conversations.

Avoid over-sharing: As you provide more data and information about yourself to AI systems, they become increasingly intelligent and personalized; however, being mindful of the information you include in your messages can help protect your personal information from being leaked, such as your name, date of birth, or other personal details.

Don't treat AI as the final decision-maker: While AI can help you simulate various scenarios, compare financial products, and more, you should still be cautious about any advice it offers. "Use AI to expand your thinking, not to outsource your judgment," Latham says. "It's a powerful tool to help you explore options and weigh the pros and cons, but the final decision should always be based on personal goals, risk tolerance, and of course, common sense."