Being on top of expenses seems a hard-to-achieve goal for many people, especially those who have faced consequences because of overspending. Financial experts suggest that you keep tabs on spending to ensure that your budget is not ruined. You can either use manual spreadsheets or tools to create your budget. Most people find budgeting monotonous and tedious, but there is no other way than this. Whether you believe it or not, you should always try to create a budget.

There are various budgeting methods out there. Not all of them will be suitable for you. Therefore, it is recommended that you try out all methods and choose the one that suits you best. One single budget may not work for you all the time. As your financial condition and priorities change, you will have to change your budget as well.

Fortunately, there are various AI tools to help you with budgeting, saving, and investing; in other words, helping you with staying on top of your expenses. When you have the right tool to manage your expenses, you can easily avoid falling into debt.

A lot of people struggle to manage their expenses without a functional budget and find themselves in insurmountable debt. Even if they have to pay back weekly loans, they find it extremely hard to repay.

Best AI tools to manage finances in 2025

Below are the AI tools to help you manage finances in 2025. Some tools are aimed at personal finance, while others are aimed at businesses regardless of their size:

AI tools for personal finance

If you are struggling with personal finance, you should use the following AI tools:

§  Cleo

This is an AI financial assistant. One of the best qualities of this chatbot is that it understands your financial life in an incredible way. Here are some exciting features about Cleo:

ü  No more sleepless nights worrying about your finances because Cleo works nonstop. It identifies your spending habits and financial goals and suggests some ways to stop spending money.

ü  Money choices have become much smarter with Cleo. Whether you need advice about debt settlement or a retirement fund, this tool can make some smart suggestions.

ü  Clero can also provide you with personalized advice and financial coaching, in agreement with your financial objectives.

There is no need to overthink it. Just start taking help from this AI assistant from now on.

§  Quicken Simplifi

Budgeting, saving, planning, and reaching your financial goals have become easier with Quicken Simplifi. In addition, this simple tool can help organise insurance and wills. However, you will have to pay $1 extra every month to avail yourself of this feature. Here are the top features of this app:

ü  You can seamlessly connect all your accounts. It becomes much easier to keep your finances tidy when you can see all your transactions in one place.

ü  You will receive real-time alerts such as low balance, amount withdrawal, and deposit of all connected accounts separately, so no scope for confusion that results in overdraft.

ü  All expenses can be divided into categories, so you know clearly how much money you are spending on which category. When you have clarity about your expenses, you can easily plan where you have to whittle down.

ü  You can set your financial goals, and Quicken Simplifi will help you achieve these goals fast.

Getting your finances in control is quite easy with Quicken Simplifi. You will have all transactions in one place, and you will be able to make the right financial decision.

§  YNAB

You Need a Budget (YNAB) is an app that will help you manage your personal finances without causing you any worries. It is a money management tool to help you achieve your financial goals without hassle. This app is quite helpful for those who have struggled for months to create a functional budget.

Budgeting does not need to be hard, but many people fail to create a budget for one reason or another. If you do not like to get into the hassle of recording each expense on a spreadsheet, you should use YNAB. This app can help you with budgeting, spending, planning, and investing. Here are the top features of this app:

ü  Tye app records all transactions in one place. You can connect it to different accounts.

ü  When you have everything recorded in one place, you feel relaxed and manage to handle your finances with peace.

ü  You can easily manage your debts with the help of this app. You will be sent reminders about due dates, so you do not miss payments.

ü  You can also set saving goals and make your financial future better.

If you have been struggling with developing a budget that suits your financial goals, you should use the YNAB app.

AI tools for businesses

§  Booke AI

Whether you are a small business or a large business, bookkeeping is not easy. Thanks to Booke AI, you can get rid of this hassle. This automates reconciliation with the help of AI and saves a lot of your time. In addition to round-the-clock automation, this tool is also known for transforming loads of paperwork into organized data. As an entrepreneur, you would want to analyse data to improve your business growth.

You do not have to worry about inaccurate entries as Booke AI is a smart AI-powered system that keeps tracking all inconsistencies and errors. If any error is noticed, this will immediately alert you. Those who are looking to simplify the bookkeeping process should choose Booke AI. It cuts 80% of bookkeeping hours, thanks to automation.

§  Stampli

Managing business expenses, especially when you have to juggle between invoices. If you are running one or two branches, it becomes more challenging. Here comes the role of Stampli. This AI tool can give control over the collection of payments. Whether you have to collect invoices or manage payments with vendors, this smart AI tool will automate the flow of cash.

§  QuickBooks

If you are looking for a comprehensive accounting platform, you should use QuickBooks. This is a single platform that integrates with all accounting features to streamline your business operations. The best part about this software is that it is suitable for all types of businesses, whether you are a sole trader, a partnership firm, or a limited liability company. Here are some features of QuickBooks:

ü  It helps streamline accounting and automate tasks. This helps you focus on core activities.

ü  You can easily manage HR services including payroll with the help of this software.

ü  You can integrate payment modes, so your customers do not have any problem paying you on time.

ü  There is no reason for missing a deadline for filing an income tax return. With QuickBooks, there is no chance of errors.

The final word

There are various AI tools that help you manage your finances competently. Whether you are struggling with personal finance or business expenses, choosing the right AI tool can help you be in control of your money.

There are several other tools as well. Before you use them, you should ensure that they are the right tools to serve your purpose.