I Asked ChatGPT To Plan My Monthly Budget, It Exposed My Bad Habits

Managing my monthly finances was something I was struggling with. Constantly Running out of cash and battling to save money, I seek help with ChatGPT and ask it to plan my monthly budget. Here’s what it recommended.

Monthly Budget Planning: A Practical Approach to Better Financial ControlPlanning a monthly budget is one of the most effective ways to gain visibility into income and expenses. It helps identify unnecessary spending, improve saving habits, and bring structure to financial decision-making.1. Start With a Clear Income OverviewBegin by listing all sources of monthly income. This creates a realistic base for planning expenses and avoids overestimating available funds.2. Categorise Expenses ClearlyDivide expenses into essentials, discretionary spending, and savings. This makes it easier to understand where money is going and which areas require tighter control.Also Read: I Asked ChatGPT How To Save Rs 10,000 A Month, Here’s The Strategy3. Identify Unnecessary SpendingBudgeting often reveals recurring expenses that do not add significant value, such as unused subscriptions, impulse purchases, or frequent non-essential spending.4. Set Spending LimitsAllocating fixed amounts to each category helps control overspending and promotes financial discipline throughout the month.5. Prioritise SavingsTreat savings as a fixed component of the budget rather than a leftover amount. This ensures consistent financial progress.6. Track Expenses RegularlyReviewing expenses weekly or monthly helps maintain accountability and allows for timely adjustments if spending exceeds planned limits.Conclusion The response from ChatGPT has enlightened me on budget planning; now I feel much more confident about my savings. I like how it asked me to first figure out the source of income. Categorising my expenditure into essentials and discretionary spending makes much more sense. A great idea is to honestly review my expenses on a weekly and monthly basis to keep track of the purchases which can be avoided.