The Role of Artificial Intelligence in Personal Financial Management: A Study Among Individual Users

Abstract

Artificial Intelligence (AI) has become very useful thing for people to manage their personal money. This is done by using applications that are powered by AI applications. These applications help people make a budget plan, track their expenses, and save money. This study also wants to know how these applications affect people to plan and make decisions about their savings and personal money.
Quantitative research approach will be adopted to this particular study. Data will be collected from individual users with the help of structured questionnaire. The collected data will then be analyzed using appropriate statistical techniques been applied to achieve the objectives of the study and that also helps answer the research questions.
This study is expected to give us an understanding of how AI affects people, how they manage their money. It will also help us understand why people use AI applications to manage their money. The results of this study may also help banks, companies that make technology and people who make applications to make better AI applications, for their money and help people manage it better.