AI-Powered Personal Finance Management Applications

Over time, AI really transformed financial and personal management by providing several innovative tools that automate processes in view of personalized insights and qualified decision-making. This paper reviews the integration of emerging technologies supporting AI, such as machine learning, NLP, and predictive analytics, within personal finance applications. AI-driven software has reshaped budgeting, expense tracking, and investment management by availing real-time insights, coupled with tailored recommendations that make informed financial decisions easy and accessible. It is based on technical, operational, and ethical challenges with regard to scalability, integration with legacy systems, and fairness in financial decisions; real-world applications; success stories; and comparative analyses of top-ranked AI-powered finance apps highlighting how well the proposed applications impact financial literacy, wealth management, and user engagement. The findings underscore AI's potential to revolutionize personal finance management by empowering individuals with accessible, efficient, and user-centric solutions.