AI can automate tasks, improve decision-making processes and provide insights. However, individuals should remain mindful of potential limitations and challenges posed by using AI for personal finance management. Artificial Intelligence tools relying on personal financial data may cause privacy and data security concerns. Furthermore, AI tools may identify suspicious transactions which may indicate fraud causing unnecessary stress or inconvenience to their users. 1. Automated Decision-Making AI can automate tedious tasks and increase efficiency, freeing people…
