I tried ChatGPT’s new finance feature — and it opened a new window into how I spend my money

ChatGPT’s new finance feature lets the AI chatbot take a look at any bank or similar accounts you care to open up for inspection. I was initially hesitant to try it out, but the tool only looks at the details of how you spend your money, and can’t actually carry out transactions, so I agreed to let it analyze some of my accounts and offer its insights.

Finances is currently only available in the U.S. to Plus and Pro users on web, iOS, and Android. Setting everything up is as easy as using any other ChatGPT plug-in. You just select Finances in ChatGPT and then click Get Started then Connect with Plaid.

Finances uses Plaid to link to the accounts; you simply sign in and agree to let Plaid share the information. The service synchronized recent transactions and basically became an interactive, conversational database of my information. It’s not that the AI can do things it couldn’t before, but now you don’t have to manually enter any finance details you want to ask it about.

ChatGPT looks at the receipts

At its suggestion, I asked ChatGPT, “How much did I spend eating out this year?” ChatGPT soon had a breakdown of my how much I had spent at various restaurants, including delivery, and broke down some of the patterns. It pointed out that it had gone up recently, which makes sense as the weather has became pleasant enough to walk into town more often to eat. It also identified a few spikes I could tell were around birthdays and family celebrations.

Next I asked, “What subscriptions am I paying for?”

That turned into one of the most practical moments of the experiment. ChatGPT gathered recurring charges across streaming services, software, and other monthly payments into one clear summary instead of leaving me hunting through statements. It also suggested reviewing whether every subscription still deserved a place in my budget.

“These subscriptions appear consistently each month, making them reliable recurring expenses.”, it told me.

Financial chatter

Seeking a more detailed analysis, I asked ChatGPT, “What’s changed in my spending this month?”

Instead of overwhelming me with every purchase, ChatGPT focused on the transactions that genuinely stood out. It noted a few large purchases at new locations, and asked if they were something I wanted more information on. I told it those were gifts, and the AI incorporated that fact into its response as not a new regular event but one that explained why overall spending had climbed this month.

“Those gift purchases are unusual compared with your recent history but they account for much of the increase, so your everyday spending has remained relatively consistent despite the higher overall total. Looking beyond one unusual month provides a more accurate picture of your longer term financial habits.”

Using ChatGPT this way felt almost like the inverse of most financial software. Most budgeting apps expect you to learn their system first. ChatGPT let me ask questions however they occurred to me and then translated months of transactions into answers that were easy to understand.

That does not mean it replaces dedicated budgeting tools, and it certainly cannot make smarter financial decisions on your behalf. You still have to decide whether to cancel subscriptions, spend less on eating out, or save more each month. But I can see how it might make it easier for people who hesitate to look at their finances if they feel uncomfortable around spreadsheets. It didn’t feel like math homework the way it often does.

Of course, it still relies on some trust in both OpenAI and Plaid, but as long as it’s purely viewing and not actually touching the accounts, this could be a really useful, practical feature for ChatGPT users.