Personal Finance Reviews by The Ascent (2024)

FAQs

Can you ask ChatGPT for financial advice? ›

If you feed ChatGPT information about your income, expenses, goals and timeline, it can provide guidance on how to reduce spending, build savings, pay down debt or create a retirement plan.

What did the Spaniards “never get” (about money)? The dug up so much silver and gold that it soon had no value. They didn't understand that it is only worth what people will give for it.

For those with investments, a year-end financial review is the ideal time to assess your investment portfolio. Examine your asset allocation and determine if it aligns with your risk tolerance and long-term goals. Consider rebalancing your portfolio if it has drifted from your target allocation.

It involves a broad spectrum of financial aspects, including budgeting, saving, investing, and planning for the future. At its core, personal finance is about understanding and efficiently managing your income, expenses, investments, and savings to achieve financial stability and security.

You don't want to pay a monthly fee

When GPT-4o is available, ChatGPT users will no longer need a Plus subscription to access most of the features that initially attracted subscribers. OpenAI is making GPT-4o available to all users, whether they are paying or not.

Spain emerged from the civil war with formidable economic problems. Gold and foreign exchange reserves had been virtually wiped out, the massive devastation of war had reduced the productive capacity of both industry and agriculture.

The foundations of Muslim Spain's hegemony rested on considerable economic power derived from substantial trade, a highly developed crafts industry and farming methods that were much more efficient than those employed in the rest of Europe.

In only the first half-century or so of the Spanish conquest of the Americas, over 100 tons of gold were extracted from the continent. In melting down this glittering metal, the conquistadors left behind a trail of death, torture, and destruction.

In order to identify the type of service that is right for your organization, it's critical to understand the significant differences and nuances in the three general levels of financial statement services available: compilation, review, and audit.

What fiscal year are we in now? ›

The 2023 fiscal year began on October 1, 2022, and ended September 30, 2023. A regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.

This will depend on your circ*mstances, but it should be at least annually, and probably when something major happens to your personal or financial situation. Financial planning is particularly important during turbulent economic times, such as the current global environment we find ourselves in today.

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

"Paycheck to paycheck" is an informal expression describing someone's inability to pay for living expenses if they lost their income. People living paycheck to paycheck are sometimes referred to as the working poor. Living paycheck to paycheck can occur at all different income levels.

Tell the AI to assume an identity or profession

One interesting aspect of ChatGPT is its ability to embody different perspectives and personas. By instructing the AI to take on a specific identity or profession, you can gain insights or advice from that unique perspective.

ChatGPT provides better financial advice for one-time investments than robo-advisors.

For example, a completed prompt could look like: 'I need to understand the basics of risk management when investing in stocks. ' Using this prompt will help you gain a better understanding of the risks associated with investing in a particular asset and how to mitigate them.

With one prompt, you can answer questions, write entire emails, generate complex code, or even get relationship advice (though whether or not you'd want to accept the latter is up to you).