Within the last few years, the business world has shifted, thanks to Artificial intelligence. There is an AI tool for everything. Email writing, designing, assignment writing, making food out of all the ingredients you have in your fridge, etc.
That is all good, but can it help me save money?
In the last three months, I have put this question to the test and the results were shocking.
AI cannot only help in saving money but it can boost your income as well.
The process is so simple yet effective that it requires more than a sound bite. So, let’s get into the details.
5 Ways AI Can Help Save Money
- Service Comparison
One of the best and most effective ways to save money is service comparison. Once you master this, it will become your go to money saving move. In my case, the majority of my monthly income is spent on utilities i.e. power, gas, internet, and whatnot.
Since utility bills are essential, you can just stop buying these things. However, you can surely choose a company that offers maximum value. For instance, I share my house with three other housemates and we all work remotely so, the internet costs us a lot. However, AI changed this completely.
Now we use AI tools for service, price, and package comparison. As per the AI tools, Cox Internet offers the most affordable and reliable internet in our area. Moreover, they also have dedicated 24/7 Cox customer service for technical guidance and online bill payment.
- Search via Image
Typing in a bunch of words to find stuff online? That’s so yesterday. In the world of shopping, AI is taking over via image search. You can now take a screenshot or a picture of any product and simply search it online. This is an incredible feature for price comparisons and product sourcing.
Wholesale companies, direct manufacturers, and merchants will offer you the same product at a very low price without affecting the quality. Google search by image is a very powerful tool that offers this feature. However, there are AI tools i.e. Aliinsider to assist businesses source these products and sell at a much better price.
- Dupe Search
You like a designer bag or a sofa for your living room but it is too expensive. Take a back seat and let AI take over. It can help you get the right design for a fraction of the price. There are dupe apps available that can find the same or similar products for much less.
So far, this is my favorite way to save money with AI. I have purchased most of the shoes, bags, and home furniture with this simple hack and this has helped me save a lot of money.
- Budgeting Apps
Budgeting is an adult skill that you cannot learn in school. You can have a PhD, and earn millions but without budgeting, you might overspend. As an adult budgeting, has been the bane of my existence so far, but thanks to AI not anymore. There are so many subscription-based budgeting apps available in the market but with AI, you can also customize your app without paying a subscription fee.
Use ChatGPT, Gemini or any free AI app. Set criteria, categorize, and your usual expenditures. This will offer you a basic layout of your budgeting. Now use AI to get an Excel code for your budgeting calculator and set it on an Excel sheet. This will cost you no money at all and this is so far the easiest and most effective budgeting process.
- Expenditure tracking Apps
Tracking expenditure is so far the most challenging part of adulating. As an impulsive buyer, I have a splurging habit. My salary usually says goodbye after two days of payday. The worst part is, that there is no tracking system because of my multiple income streams. For me, AI changed budgeting and expenditure tracking completely.
So many budgeting apps available online offer full customization. Users can customize categories and set tracking filters as per preference. By the end of the month, you can track where you used your last bucks. Some advanced tools even offer tax-filing features as well, so it is better to spend some time on research before choosing the right expenditure-tracking app.
5 Ways AI Can Help In Earning More Money
AI can help you with budgeting but with very limited income, saving can become a challenge. If you are struggling, here are my top favorite ways to use AI to earn money:
AI Website Designing
The website works like a virtual handshake and it can make or break any business. This is the reason, businesses spend millions on their websites. With AI tools like Web10, crafting a website takes only a few minutes.
Content Development
Crafting content is quite a task, especially when you have to create a content calendar, come up with ideas, and make these ideas come to life. However, with advanced content development tools, and AI video tools things are getting simpler.
Social Media Marketing
Social media marketing is on the rise and it has finally made it to the big league as well. Billion-dollar companies are actively hiring social media marketers daily. You can AI tools like Sprout Social, Hootsuit, and Buffer to automate your social media marketing journey.
Project Management
Designing and branding: tools like midjourney, Adobe Firefly, and Leonardo AI are some of the best image generation tools. These tools can be used for crafting branding books, packaging, and designing everything.
