Do’s and Don’ts of Using Chatbots and AI Money Tools
Money Girl
Macmillan Holdings, LLC
4.6 • 1.8K Ratings
🗓️ 20 May 2026
⏱️ 13 minutes
🧾️ Download transcript
Summary
1020. Using an AI tool or chatbot to improve your finances can be wise, depending on what you tell it. Laura reviews what you can safely ask a bot and what you should never enter in an AI tool. You’ll learn ten powerful AI prompts you can use to find hidden savings, negotiate your bills, and build more wealth.
Key takeaways
- Since your data can be used without your knowledge, never enter personally identifiable information in an AI tool or chatbot, such as your Social Security number, account numbers, logins, or legal information.
- Use AI to help with financial education and tasks like negotiating bills, building credit, and preparing for taxes.
- AI can play devil’s advocate to explain the downside of a financial decision or list the pros and cons, improving your overall knowledge and logic.
- Don’t assume the answer you get from a chatbot is correct–ask it to show its logic and resources so you can double check it.
- For any significant financial decisions, it’s best to work with a financial professional for the best advice.
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Transcript
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| 0:00.0 | From chatbots that promised to build you a budget to AI tools that claim to beat the stock market, technology is moving fast. |
| 0:13.6 | But as helpful as AI can be, it also comes with risks, and they could cost you real money if you aren't careful. |
| 0:20.9 | Today's episode will give you the essential do's and don'ts for using chatbots and |
| 0:26.0 | AI tools. |
| 0:27.1 | We'll talk about what you can safely ask a bot, and more importantly, what information you |
| 0:32.3 | should never hand over to an AI tool. |
| 0:35.5 | Plus, I'll share 10 powerful AI prompts that you can use right now |
| 0:40.0 | to find hidden savings, negotiate your bills, and build more wealth. Hey, everyone, welcome back to |
| 0:46.5 | episode 120 of Money Girl. I'm Laura Adams, an award-winning author, spokesperson, and money |
| 0:53.0 | speaker. And in the show notes, you can find |
| 0:55.5 | links to learn more about me and ways to reach out. All right, so first we'll talk about information |
| 1:00.7 | that you should never give a chatbot. While these tools can, you know, often feel like |
| 1:06.9 | private confidants, it's important to understand that they are not required to keep your |
| 1:12.6 | information secure. Your data is often used to train future versions of an AI model, or it may be |
| 1:20.5 | accessible to the company's human reviewers. So to protect your financial identity and make sure |
| 1:26.6 | your sensitive information doesn't resurface |
| 1:29.6 | unexpectedly, I'm going to give you three things you should never share. |
| 1:34.6 | One is personally identifiable information. |
| 1:38.5 | This is called PII. |
| 1:40.7 | And PII includes data like your social security number, driver's license number, and birth date. |
| 1:47.8 | If that type of information gets stored in an AI's training logs and the company suffers a data breach, your identity could be stolen. |
| 1:57.1 | In addition, once PII goes into a public AI model, it's nearly impossible to delete it |
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