You need to live not as hard
BlameThePeacock@lemmy.ca 1 day ago
Saving money doesn’t really need an AI, there really aren’t many ways to cut budgets down short of paying attention to the most obvious spending problems (Too much housing, too much vehicle, too much food (especially eating out), and too much entertainment(too many subscription platforms))
It’s usually a far better investment of time to improve your earning power (upskill, change jobs, add hours, etc.)
Cutting $40 per month from your budget by not going to the movies every week just isn’t going to have the impact you need in your life.
aksdb@lemmy.world 1 day ago
Where I could see an LLM being useful is categorizing entries and maybe proposing sanitization (for example when the payment provider uppercases or abbreviates stuff)
chazwhiz@lemmy.world 1 day ago
Yep, that’s exactly the sort of thing I’m thinking about here. And it doesn’t even need to be full on chat style LLM, just some decent NLP that can recognize WALMART, WAL-MART, or WMART are all the same thing and label it.
But for some reason this question brings out all the assumption people who want to give financial advice or talk about the AI image the saw last year with 6 fingers.
Mordikan@kbin.earth 14 hours ago
Honestly, you don't even need NLP for this. Excel supports regex now so you could just do a call like
=REGEXTEST(A1, "(?!)^w.*mart$"). Then just mark by type and graph out to see where your main spending is coming from.chazwhiz@lemmy.world 7 hours ago
You’re missing the point, that would require sitting down and manually doing that for every conceivable payee. Walmart is just an example. The value of any sort of “intelligent” component would be for this to happen automatically and seamlessly for the user. Hell, the AI layer could just be “write regex for al the possible similar payees across these documents”.
BlameThePeacock@lemmy.ca 1 day ago
You aren’t going to find a useful AI system for personal use in Finance, you simply don’t have the scale needed to benefit from it. You don’t make enough transactions per month that looking over it yourself is going to be any slower than reading the AI summary.
The question as with most process optimization and data analysis is, what’s the actual result you’re hoping for? If you want it to be able to summarize WALMART, WAL-MART and WMART so you can see those numbers added together, you already know you spent a lot at Walmart. Whare are you going to actually do with that information?