10 ChatGPT-4o Hacks For Money Management and Financial Literacy
With ChatGPT as your financial mentor, you’ll never feel lost when it comes to managing your money. Let this AI assistant guide you in budgeting, saving, and investing, so you can make smart financial decisions and build a solid foundation for your future.
Take control of your finances with these 10 new ChatGPT-4o prompts, designed to simplify money management and improve your financial literacy.
By using these prompts, you will gain valuable insights and knowledge about money management, finance, and taxation, allowing you to make informed decisions and achieve your financial goals.
Before we start, remember these pro tips…
- It’s better to use ChatGPT alongside other productivity tools to maximize efficiency.
- Use a handful of budget-friendly productivity and AI tools in conjunction with ChatGPT-4o, such as Notion-AI(AI-Everything app), Miro(Free Visual Content Creation from text/chat tool), Quillbot(Grammarly’s more affordable and better version), and SaneBox(Free Email Management tool), which I personally use.
- These tools are not only cost-effective but will also significantly boost your productivity, enabling you to excel in your day-to-day tasks.
- Not happy with the output? Tweak these prompts slightly and try again, or ask it to improve its answer.
- Good prompting skills will always benefit you, whether working with ChatGPT or any other LLM/Generative AI tool.
NOTE: To add more value and as a USP of my blog, at the end of this blog post, I have designed and attached a cheat sheet/carousel of the ChatGPT Prompts discussed here for you to use and save, share on LinkedIn with your friends and colleagues.
Comment “Send Prompts” on this post to get the download link(PDF) to the carousel right away & use/save it locally.
Also, I’ll share this month’s bonus tip of the best productivity tools that are cheap, effective, and a game changer for everyone. I use, and insist you all try them. So do check them out and use them.
Here is the Bonus tip for you all:
Bonus Tip 1 — MIRO helps convert your notes, ideas, and structured essays into beautiful mind maps. It can create an easy-to-understand visual presentation from any idea or prompt.
Create stunning visual content(mind-maps, flowcharts, graphs for data analysis, presentations etc) simply by chatting.
It offers visual features like idea curation, mind mapping, freelance brainstorming, interactive visual storytelling, and concept mapping from just a prompt or text.
Just enter a prompt, and you get a beautiful chart of your choice amongst the 2500+ free concept map templates. It makes me and my team understand everything faster,more efficient, and save a tonne of time.
I use it to create stunning mind maps, visual brainstorming, creating flowcharts and other presentations from my unorganized notes and ideas especially for my work, and studies.
This app has completely revolutionized the way I take notes and record my ideas, as someone who enjoys taking notes and jotting down every idea, this app is truly a game-changer.
It is another value-for-money tool that is dirt cheap compared to the amazing features it provides. Trust me, you will absolutely fall in love with this app’s simplicity, user experience, and ease of use.
Pricing: Freemium
I strongly recommend it to everyone. Definitely a must-have visual productivity tool in your list.
MIRO is truly your perfect day-to-day visual study/brainstorming/ideation buddy.
2) SANEBOX — SaneBox is an AI-powered email assistant that helps you better manage your inbox, from prioritizing your most important messages, getting rid of unwanted emails forever, automatic filtering and sorting emails to folder, and AI-assisted replies, saving hours of time (and frustration!) each day — hours you can use to focus on the work that really matters.
Imagine having an AI assistant sort your inbox for optimum productivity.
If you feel completely overwhelmed by the volume of emails you receive, like me, you’re probably not using SaneBox. SaneBox is an email management tool I’ve recently started using, and seriously, I am hooked.
Emails are the Productivity’s #1 Killer. Email overload is real and can be overwhelming, and having a tool like SaneBox to help manage it can make a huge difference in productivity and peace of mind and stop wasting time on emails.
I was surprised to know that it’s among the top productivity apps as per Forbes. Quite honestly, I think you’ll fall in love with email again (which is their mission, by the way), and you’ll gain back control of your inbox.” -Forbes
With awesome features like auto-reply tracking, one-click unsubscribing, and do-not-disturb mode etc, SaneBox works seamlessly across devices and clients, maintaining privacy by only reading headers.
An average SaneBox user saves 12+ hours/month. You can check out its long list of awesome features.
With glowing reviews from TechCrunch, Forbes, The New York Times, and emailers everywhere, you can rest assured that you will fall in love with email again.
SaneBox is for the average or power email user! It works everywhere you check your email and fits into your existing workflow with ease.
Pricing: It’s Free to use, and on signing up, you get a $25 credit towards a SaneBox Pro subscription. Pro plans start at a dirt-cheap price of 2.5$ per month.
It is definitely a one stop shop AI Email Management tool to use in your day-to-day life.I really insist you to go try the above tools out. Trust me, you won’t regret using these tools and will thank me later.
I really insist you go try the above tools out. Trust me, you won’t regret using these tools and will thank me later.
let’s get started and jump right into it —
INDEX
- Create a Monthly budget
- Suggest saving/Investing Strategies
- Explain Stock market basics
- Recommend best index funds
- Effective Debt Repayment Plan
- Prevent Credit card debt
- Explain tax brackets
- Advise on tax-saving investment
- Comparing best insurance policies
- Best online finance courses
Prompt 1 — Create a monthly budget
Design an effective monthly budget plan tailored to my [financial goals], [expenses], and [income]. Consider categorizing my expenditures, including essentials like housing, utilities, groceries, transportation, and discretionary spending. Factor in savings, debt payments, and any irregular expenses. This budget should aim for financial stability while allowing for flexibility and achieving my [short and long-term financial objectives].
Prompt 2 — Suggest saving/Investing Strategies
Share practical saving or investing strategies tailored to my [financial goals, risk tolerance, and current financial situation] such that I am able to save atleast 40–50 % of my [income]. Consider various investment instruments like [Equity, stocks, FD/RDs], risk management techniques, and practical tips for maximizing returns while minimizing risks. Share insights on diversification and asset allocation for reaching my [financial goal]. Provide insights on how to balance short-term liquidity needs with long-term growth objectives.
Prompt 3 — Explain stock market basics
How does the stock market function, and what are the key financial instruments traded in the markets? How can economic indicators impact financial markets? Describe the impact of interest rates on financial markets. How does inflation affect investment returns?
Prompt 4 — Recommend the best Index funds
Explore and recommend the top five index funds that offer strong potential for long-term growth and stability in [STOCK EXCHANGE MARKET — eg — NYSE, NIFTY50, S&P etc]. Consider factors such as historical performance, expense ratios, diversification, and the fund’s underlying assets. Explain why you believe these funds are well-suited for investors seeking low-risk and high-reward investment options.
Prompt 5 — Effective Debt Repayment Plan
Craft a detailed debt repayment plan outlining specific strategies, timelines, and milestones to efficiently eliminate my [debt] burden. Consider factors such as my current [income, expenses, debt amounts, interest rates, and any available resources]. Your plan should prioritize paying this high-interest debt by establishing a realistic budget and incorporating strategies for both short-term progress and long-term financial stability. Additionally, include contingency plans for unexpected expenses or changes in your financial situation.
Prompt 6 — Prevent Credit card debt
Create a comprehensive guide outlining actionable steps and strategies individuals can adopt to prevent credit card debt accumulation, focusing on budgeting techniques, responsible credit card usage, and effective debt management practices as well as ways to avoid impulsive spending. Share some interesting anecdotes or examples to illustrate the effectiveness of your suggested methods.
Prompt 7 — Explain Tax brackets
Explore the concept of tax brackets and strategies to minimize direct and indirect tax liabilities in [Country]. Provide examples and explanations to illustrate how tax brackets determine the amount of tax owed based on income levels. Consider how understanding tax brackets can empower individuals to make informed financial decisions and optimize tax savings for an individual earning [Yearly Income]. Provide practical tips and insights for managing taxes efficiently, including deductions, credits, and investment strategies that can help individuals navigate different tax brackets and minimize their overall tax burden.
Prompt 8 — Advice on tax-saving investment
Explore various tax-saving investment options tailored to [your financial goals and risk tolerance]. Provide advice on optimizing your tax liabilities through strategic investment choices, considering factors such as investment horizon, asset allocation, and potential tax benefits. Offer insights into diverse investment instruments like tax-saving mutual funds, Public Provident Fund (PPF), National Pension System (NPS), Equity Linked Savings Schemes (ELSS), and more. Additionally, discuss the pros and cons of each option and suggest a personalized investment strategy to maximize tax savings while aligning with my [overall financial objectives].
Prompt 9 — Comparing best insurance policies
Compare and contrast the features, benefits, and costs of three leading insurance policies in [specific category or industry]. Evaluate their coverage options, customer service reputation, claim process efficiency, and any additional perks offered. Based on your analysis, recommend the most suitable insurance policy for individuals or businesses seeking comprehensive coverage and value for their investment.
Prompt 10 — Best online finance courses
Explore the top five online finance courses tailored to enhance my financial literacy and money management and empower my financial decision-making. List out the best comprehensive courses covering budgeting, investing, managing debt, and more.
CONCLUSION
I hope these 10 ChatGPT-4o hacks and prompts help you become more financially literate and help you effectively manage your money well and reach your financial goals.
Awesome, you have reached the end and have already become smarter, more effective, and productive just by learning about these Prompts. The next step is to use them. Good luck!
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The cheat sheet, use this, and keep it as a reference:
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