Raising children can be costly, but AI tools such as ChatGPT can help parents save money by offering personalized budgeting recommendations, identifying wasteful subscriptions, and finding cost-effective products after analyzing preferences and purchasing habits. AI-powered meal planning applications are also useful in suggesting cost-effective and nutritious meal options and minimizing food waste. Additionally, AI-driven investment advisory services can help parents save for long-term goals, while ChatGPT can provide DIY solutions for household repairs and teach children about money management. However, AI tools are not replacements for personal planners or financial advisors and should be used only as supportive tools.
The company mentioned in the article is OpenAI, which developed the ChatGPT AI software.
The person mentioned in the article is Vaibhav Kakkar, CEO of Digital Web Solutions, who advocates for using AI-driven investment advisory services for efficient long-term savings.
