How to Use AI to Manage Your Finances: Top Apps to Try Today

For many Filipinos, managing finances feels like a stressful chore. The constant pressure of looming due dates, mounting bills, and trying to stretch a paycheck can take a heavy toll, both mentally and physically. But what if we tell you that you could automate every aspect of managing your finances, from budgeting and saving to investing, all with just a few taps. Sounds like a scene straight from a sci-fi film, right? Well, it’s not.

Artificial Intelligence (AI) is poised to change how people use technology to make their lives easier. And when it comes to financial management, AI is promising a few tricks to help people become more financially savvy. Let’s dive on how AI can help you make smart decisions when it comes to your finances and some apps to help you start utilizing AI.

When it comes to making budgets and tracking your expenses, it’s important to commit to your financial goals. But as we juggle multiple priorities, it is hard to not miss some deadlines and fall into bad money habits. AI comes in to save the day through automated budgeting. AI-powered apps such as You Need A Budget and Trim offer smart features to help you budget your money more effectively.

AI-deas to Try: Trim for example, is great for managing your monthly subscriptions and other recurring expenses. Just connect your bank account, and the app intelligently analyzes your spending habits to identify where you can reduce cost like unused subscriptions.

Struggling with tax management? AI-powered apps like Origin simplify the process by analyzing your income and expenses to offer strategies that minimize your tax burden. It also features an AI assistant for financial advice on topics like emergency funds and retirement planning.

AI-deas to Try: Navigating the financial world with a special someone? Origin app has “Couples” feature which allow couples to combine their finances on a singular platform so they can track their spending together and achieve financial goals hand in hand.

While managing loans and debts can be a pain especially when they start piling up, AI tools have evolved to provide support to people looking for ways to cut down their debts and live a debt-free life. Some apps use AI to intelligently suggest strategies to help people pay their debt faster and regularly. The Refreshed Home Credit App for example, uses AI to optimize your credit card payments and reduce interest costs.

AI-deas to Try: Credit Karma has a credit score simulator that shows how your credit score might change based on your recent spending activity, like a missed payment or when you open a new credit card account. Its calculator feature can also give you advice on paying down your debt faster and calculate the accrual cost of taking out a loan.

According to an Identity Fraud report by cybersecurity firm Sumsub, Philippines ranked seventh among the 10 surveyed countries in the Asia-Pacific region, showing a 119% increase in fraud cases last 2024. The report noted highly targeted sectors for identity fraud such as dating and banking apps, which means protecting your financial data is more important than ever. AI-powered tools like Kaspersky protect your data by using machine learning to analyze user behavior and transactions in real-time, preventing fraud before it causes harm.

AI-deas to Try: Consider Kaspersky’s free to download Virus Removal Tool to quickly scan viruses on your computer and safeguard you from potential cyber threats.

For some, AI is a hit or miss and can be dangerous when used excessively. But when you look at the bright side, its arrival in the tech scene did revolutionize the way people receive financial advices. Thanks to AI tools that analyze our financial profiles, it’s now easier than ever to make financial decisions that will truly impact how we shape our future.

For more tips about managing your money, download our Home Credit Online Loan App from Play Store for Android, App Store for iOS, or AppGallery for Huawei!