Do you struggle to manage your personal finances? Are you looking for new ways to save money?
What if we told you that an AI-powered assistant could help you take control of your finances, identify unnecessary expenses, and even negotiate better deals on your behalf? In this article, we’ll show you how you can leverage the power of GPT-4 through the DoNotPay Chat feature to save hundreds of dollars every month.
Here’s how AI tools can give you the peace of mind that comes from a well-managed financial life.
What is DoNotPay?
DoNotPay is an innovative platform designed to make managing consumer rights and legal issues more accessible and efficient.
Staking its claim as the “world’s first robot lawyer,” DoNotPay leverages advanced AI technology, like GPT-4, to help users tackle a wide range of tasks. That includes disputing parking tickets, canceling subscriptions, requesting refunds, and negotiating better deals with service providers.
How does it work?
DoNotPay works by connecting to your various accounts and analyzing your financial data to identify areas where you could save money or improve your financial well-being. With its user-friendly interface and powerful AI capabilities, DoNotPay is revolutionizing the way we approach personal finance.
How to save money with AI
1. Cancel unnecessary subscriptions
GPT-4 will scan your transaction history and identify any subscriptions that you’re not using. It can then automatically draft cancellation letters or interact with customer service agents to cancel these subscriptions for you.
Here it is! Using the DoNotPay ChatGPT Plugin, I asked the A.I to cancel my gym membership.
— Joshua Browder (@jbrowder1) April 7, 2023
It immediately drafted a legal notice to cancel, e-signed it and connected with USPS to mail it, all without leaving the conversation.
The first subscription cancelled using ChatGPT! pic.twitter.com/GNetyCyo8w
2. Request refunds
GPT-4 can scan your email for receipts and identify situations where you might be eligible for a refund. For example, it might find a receipt for a flight with non-functioning in-flight Wi-Fi and draft a persuasive legal letter requesting a refund from the airline.
In this Tweet, the founder of DoNotPay shows how a bot drafted a persuasive and firm legal letter to United Airlines, requesting a refund. The letter was both legalistic (citing FTC statutes) and convincing. A bot sent the letter to the airline’s website, and they agreed to a refund within 48 hours.
3. Ask About Your Credit Score
DoNotPay allows you to access your credit report without advertisements or upselling, providing you with unbiased information on your credit score.
DoNotPay is even experimenting with creating credit disputes that will help improve your credit score.
4. Negotiate better deals
DoNotPay can engage with customer service representatives on your behalf to negotiate better deals on services such as internet or cable. For example, it might push back on an initial discount offer from your cable provider to secure a larger discount for you.
The founder of DoNotPay used bots to get a $100 discount on his Comcast bill.
At DoNotPay, we are noticing a big difference between GPT-3 and 4 in negotiating bills.
— Joshua Browder (@jbrowder1) April 29, 2023
We sent a GPT-4 bot to chat with Comcast and get a refund.
When Comcast offered $50, GPT-4 said: “NO. That is not enough. I want $100.” It worked!
GPT-3 never pushed back as hard. pic.twitter.com/eEwNpxjbAx
How to use DoNotPay
DoNotPay Chat is being built as a ChatGPT plugin, on its website, and even on iMessage. DoNotPay Chat is not yet available, but will be released soon. To be the first to know about the latest developments, make sure you follow their page on Twitter.
