A Financial Checklist for Using AI Tools
Getting started with AI financial tools can be straightforward if you follow a few simple steps. This checklist will help you begin safely and effectively.
First, take stock of your personal comfort level with technology. If you are new to smartphones or apps, start with a single, simple goal, like tracking your spending. Don’t try to do everything at once.
Second, identify your biggest financial pain point. Is it not knowing where your money goes? Are you worried your investment fees are too high? Do you feel like your monthly bills are creeping up? Choose the one area where you feel AI could make the most immediate impact.
Third, research reputable tools for that specific need. Look for apps and services from well-known financial companies or those with thousands of positive reviews in the app store. Read reviews specifically from other seniors if you can find them.
Fourth, start with just one tool and give yourself time to learn it. For a budgeting app, spend the first month just letting it track your spending without making any changes. Get comfortable with how it works and what it shows you before you start setting goals.
Fifth, prioritize your security. When you set up a new financial account or app, always create a strong, unique password. If the app offers two-factor authentication (2FA), enable it immediately. This adds a critical layer of protection to your accounts.
Finally, stay alert. Always be skeptical of unsolicited offers and communications. Remember the red flags for scams and trust your instincts. Technology is a tool to serve you, and you should always feel in control.
