ChatGPT has emerged as a very useful tool. It has assisted users in writing, making plans, extracting information, and so on. In another case, the OpenAI chatbot assisted a Delaware-based woman in repaying her credit card debt by acting as a financial advisor. Here’s what happened.
Jennifer Allan, a 35-year-old realtor and content creator, had a whopping $23,000 (roughly Rs 19.7 lakh) credit card debt. Despite having a stable income, she stated that her lack of financial literacy made effective money management difficult. “I was never taught how to handle finances,” Allan told Newsweek. “It wasn’t like we were overspending. We were just trying to get by,” she explained.
Her financial struggles deepened after the birth of her daughter, with unexpected medical expenses and the cost of parenting pushing her further into debt. To break the cycle, she decided on an unconventional approach by asking ChatGPT to guide her through a 30-day personal finance challenge.
Every day, she asked the AI tool for one reasonable step to improve her financial situation. The chatbot made suggestions such as cancelling unused subscriptions and designing low-cost meal plans, which proved to be more effective. ChatGPT advised reviewing all banking and finance accounts, which led to the discovery of $10,000 (₹8.5 lakh) in a broking account and other overlooked funds. The chatbot also advised her to reduce her grocery bill and switch to pantry-only meals for a month.
Also read: Oppo Reno 12 available with over Rs 13,000 discount on Flipkart: Check deal details here
As a result, Allan was able to pay off $12,078 in debt, nearly half of it in a single month. “It wasn’t about some complex financial trick,” she said as quoted by the report. “It was about showing up every day, dealing with the numbers, and consistently doing one small thing. That made all the difference,” she added.