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What AI Actually Gets Right About Your Finances (And Where It’s Failing You)
Description
AI can build you a full financial plan in 30 seconds flat, but what happens when that plan meets the real world?
Chatbots sound confident, use big words, and can make you feel completely sorted with your money. But generic tools don't know what questions to ask, often affirm whatever you tell them, and can easily ignore massive blind spots like debt, emergency buffers, or market risk.
Katie Wesney from EnableMe joins Frances Cook on Ask the Experts to break down the reality of running your finances through AI. Together, they look at where AI tools are genuinely helpful, where they act as an overconfident trap, and how to stress test your money plan so it survives bad weather.
This episode covers:
- The danger of AI financial plans: why "garbage in, garbage out" leaves out debt and bad assumptions
- Why AI chatbots are designed to be agreeable, and why that makes them terrible financial advisers
- The real difference between feeling confident and actually being financially prepared
- The foundational numbers AI misses: net worth, monthly spending load, interest rates, and emergency buffers
- How people are successfully using AI for financial education, budgeting, and asking better questions
- How to stress test your goals—from buying a first home to paying off your mortgage faster or planning retirement
If you have a letter you’d like us to answer, please send it through to ask@francescook.co.nz and you might feature on our next episode!
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Production and video editing by Lana Byrne
Audio engineering by Tash Chittock
Filmed by Fanaticals