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Salon
Salon
Jamela Adam

How ChatGPT helped me tackle my debt

ChatGPT Steven Kibbel

ChatGPT has taken the world by storm since OpenAI released it to the public in November 2022. Today, people use it for literally everything — from planning their trips around the globe and debugging code to creating dinner recipes, scripting social media posts and customizing cover letters. But how reliable and accurate is ChatGPT when it comes to providing financial advice? And should you trust this AI chatbot to help you make high-stake money decisions? 

According to the Survey of Consumer Finances, 46% of American households accumulated credit card debt in 2022. So I decided to put the AI chatbot to the test: Could it help me create a practical plan to tackle credit card debt? Here’s the scenario I plugged into the AI chatbot: 

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