I Asked ChatGPT What I Should Never Do With My Money

Core Insights - The article explores the financial advice generated by artificial intelligence, specifically ChatGPT, and evaluates its quality and relevance in comparison to traditional financial advice [2][3] Financial Advice from AI - ChatGPT emphasizes the importance of having an emergency fund, recommending three to six months of expenses to avoid credit card debt from unexpected expenses [4] - The AI warns against carrying high-interest credit card debt, highlighting that an APR of 20% or more can significantly compound financial burdens, and suggests strategies like payoff plans or 0% balance transfers [5] - ChatGPT advises against purchasing homes or cars that are unaffordable, recommending that housing costs should remain below 28% of gross income and car payments below 20% of annual take-home pay, with a suggestion to pay off car loans within three to four years [6]