As of February 14, 2026, AI tools like Grok, ChatGPT, and Gemini are increasingly sought for personal finance guidance. Despite their popularity, experts recommend using these generative AI applications as assistants rather than sole advisors. The complexities of personal finance—encompassing product selection, investment horizons, and individual risk profiles—require a nuanced approach that AI cannot fully deliver. While these chatbots simplify financial concepts and perform quick comparisons, personal finance decisions hinge on factors like income stability and family responsibilities. Studies indicate that behavioral biases contribute to poor financial management, an area where AI struggles to offer effective support. Though AI can serve as a valuable starting point for basic understanding, it is crucial to seek professional advice for comprehensive portfolio management. Thus, leveraging AI tools wisely can enhance financial literacy, particularly in regions like India, where it is around 27%.
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