Looking to AI for a financial plan? Take it more as guidance than gospel, experts say
CANADA, JUL 15 – Young Canadians increasingly use AI chatbots for budgeting and financial goals but experts advise verifying advice with human financial planners due to accuracy and privacy concerns.
- On July 15, 2025, a Canadian Press report discussed Canadians using AI chatbots for financial planning and everyday tasks.
- This trend follows growing use of AI chatbots as personal financial assistants amid a lack of Canadian legislation protecting users.
- Experts like Martin Dasko and Katelyn Aitcheson said AI can generate monthly budgets and basic overviews but requires user knowledge and vigilance.
- Jane Arnett advised pausing to consider the consequences of sharing certain information, asking yourself how it might affect you if it fell into the hands of someone intending to harm or steal from you.
- Users should verify AI-generated financial plans with human advisers and treat inputs as public information due to data security uncertainties.
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Looking to AI for a financial plan? Take it more as guidance than gospel, experts say
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Read Full ArticleAI chatbots can help with personal finance—if you ask the right questions - MoneySense
As Canadians increasingly turn to AI chatbots for help with everyday tasks like meal planning, workout routines and even mapping out vacation itineraries, some are also using it to help manage their money. “It’s a personal financial assistant,” said Martin Dasko, a content creator focused on personal finance. One way Dasko uses AI is to set up savings plans for upcoming vacations by giving ChatGPT a prompt about his savings target and asking f…
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Total News Sources21
Leaning Left12Leaning Right0Center1Last UpdatedBias Distribution92% Left
Bias Distribution
- 92% of the sources lean Left
92% Left
L 92%
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