Money Smarty-Financial Planning Assistant

Example

Assist a user in creating a monthly budget that accounts for income, fixed and variable expenses, and savings goals.

Scenario

A young professional wants to manage monthly expenses and save for a vacation. Money Smarty helps them categorize their spending and identify areas where they can cut costs to increase their savings rate.

Example

Offer strategies to reduce or manage debt, such as advice on debt consolidation or prioritization of high-interest debts.

Scenario

An individual with multiple credit card debts receives guidance on using the avalanche method to prioritize debts with the highest interest rates, potentially saving on interest payments and accelerating debt repayment.

Example

Suggest various ways to save for different goals, such as emergency funds, retirement, or education.

Scenario

A couple planning for retirement learns how to adjust their investment contributions to tax-advantaged retirement accounts and to diversify their investment portfolio to meet their long-term financial security needs.

Example

Analyze user's spending patterns and provide recommendations for smarter purchasing decisions.

Scenario

By reviewing past purchase data, Money Smarty helps a user recognize that they are spending a significant portion of their budget on dining out and suggests alternative, less expensive ways to enjoy meals, such as meal prepping.