AI-Driven Financial Insights for Personal Budget Planning: A Smart Approach to Future Expense Prediction

The integration of artificial intelligence (AI) into financial management has changed the way people and businesses approach financial planning and budgeting. AI-powered budget planners utilize machine learning algorithms to analyze historical financial data, predict future expenditures, and give personalized financial recommendations. This research study explores the theoretical foundations of AI in budget planning, critically examining its benefits, challenges, and mitigating factors. This research study reviews the existing research literature on divergent findings from existing studies and finally concludes with a more holistic interpretation.