Having a clear understanding of where your money is going and how to make it work for you is one of the biggest obstacles to conquering personal finance success. Wally, like Mint and Rocket Money, has been in the personal finance industry since 2013, assisting customers in tracking their spending, creating budgets, and achieving their financial objectives.
Wally has now integrated this technology into its own platform with the recent launch of an artificial intelligence chatbot called ChatGPT. The enhanced user experience of the new GPT function, which went live in June, makes it even simpler to achieve your financial objectives. How it can help you manage your money is as follows:
1. It’s completely computerized and accessible around the world.
Connecting all of your financial accounts with Wally is simple, and you can let technology do the work for you. Wally makes it simple and free to securely track your bank, credit card, loan, and investment accounts in a single location with access to over 15,000 banks in 70 countries.
You can easily set budgets, manage your cash flow, and learn about your spending habits with Wally.
2. It provides you with insightful insights.
The fact that Wally is the first GPT-powered (Generative Pre-trained Transformer) personal finance app in the world sets it apart from other financial apps. It gives you a new way to manage your money by letting you ask WallyGPT any question about your income and expenses.
WallyGPT provides in-depth responses that can assist you in making more educated decisions regarding your finances, whether you are interested in learning how your grocery expenses have changed over time or how much money you are currently saving.
If you want to get married in another country, for instance, you can get assistance from WallyGPT. Wally is able to provide a comprehensive breakdown of the costs associated with attire, guests, food, and other items. WallyGPT also provides the necessary amount to save based on your current cash, income, and liabilities if you need to know how much to save for the wedding.
Developing a strategy for retirement is just one of many financial goals that can benefit from this cutting-edge technology. The app would make a retirement plan based on factors like age, income, and any debt you have, as well as the cost of living in your preferred locations and other states where you want to retire.
3. It provides individualized financial advice.
It can be difficult to determine where to begin and what steps to take in order to achieve any financial objective. By responding to inquiries like “How much should I save each month to pay off my car loan?” Wally can assist you in better planning and establishing objectives. or “What is a reasonable time frame to save for a house down payment?”
WallyGPT takes the guesswork out of long-term financial planning by providing instant, individualized action plans that are tailored to your particular circumstance. Additionally, Wally’s personalization tools adapt to your specific needs.
The personal insights make setting and managing budgets easier. You can flawlessly follow your everyday spending across classifications and screen your advancement in a hurry. Wally also lets users make their own rules to make their budget work for them.
4. It might make it easier to understand your finances.
For those who are unfamiliar with banking terms and financial products, understanding finances can be a daunting task. WallyGPT comes in handy at this point.
It is skilled at simplifying complex concepts and communicating them in a way that anyone can understand. The app is capable of providing easy-to-understand explanations of the terms and products utilized by financial professionals, lenders, and others.
People can better understand their finances and make well-informed choices with its assistance. The practicality with which WallyGPT breaks down financial jargon closes the financial literacy gap, empowering individuals and making money management less intimidating.
With WallyGPT, you can pose all your consuming inquiries about everything from ETFs to stock profits. You can interact with it just like you would with a financial advisor or professor of finance, and you can learn wherever and whenever you want.
5. It keeps up with the greatest amount of protection.
Wally can assist you in achieving your objectives while prioritizing the privacy, security, and safety of your data. Wally is unable to charge your credit card because it does not collect or store your username, password, or card information.
Wally uses cutting-edge technology like end-to-end encryption and adheres to the most recent regulations when synchronizing your accounts. With this multitude of measures set up, you can sit back and relax realizing your information is totally secure. Wally does also sell, rent, or share your data with others.
Managing your finances can be difficult, but you can make it easier with Wally, your personal finance assistant. WallyGPT goes beyond standard financial tools to provide you with useful information by delving deeply into your financial situation. Context oriented guidance is only a discussion away, permitting you to go with sound monetary choices custom fitted to your exceptional circumstance. You can take control of your finances with WallyGPT and feel secure in the knowledge that your finances are in good hands.