XTM Inc., a financial technology company, has announced promising data on its first AI and gamification-driven in-app tool, Today Goals™. The tool, which was released in early 2023, uses artificial intelligence to track users’ spending habits and set personalized savings goals. It also uses gamification elements, such as badges and rewards, to motivate users to stick to their goals.
According to XTM, Today Goals™ users have saved an average of $500 per month since the tool was released. The company also says that users who have been using the tool for at least six months are more likely to reach their financial goals than those who have not used the tool.
“We are very excited about the results we have seen with Today Goals™,” said XTM CEO John Smith. “We believe that AI and gamification are powerful tools that can help people reach their financial goals.”
Today Goals™ is not the only financial tool that uses AI and gamification. Other examples include Mint, a personal finance app that uses AI to track spending and give users personalized advice, and Acorns, an app that rounds up spare change from purchases and invests it automatically.
The use of AI and gamification in financial tools is still in its early stages, but it has the potential to revolutionize the way people manage their money. These tools can help people track their spending, set realistic goals, and stay motivated to reach those goals.
How AI and Gamification Work in Today Goals™
Today Goals™ uses a combination of AI and gamification to help users save money. The AI component of the tool tracks users’ spending habits and sets personalized savings goals. The gamification component of the tool uses badges, rewards, and other incentives to motivate users to stick to their goals.
When a user first signs up for Today Goals™, the tool asks them to set a savings goal. The tool then uses AI to track the user’s spending habits and set a personalized savings goal that is achievable but challenging.
The tool also uses gamification elements to motivate users to stick to their goals. For example, users earn badges for reaching certain milestones, such as saving $100 or $1,000. Users can also earn rewards, such as discounts on products or services, for reaching certain milestones.
The Benefits of Using AI and Gamification in Financial Tools
There are several benefits to using AI and gamification in financial tools. These tools can help people:
- Track their spending habits more effectively.
- Set realistic savings goals.
- Stay motivated to reach their goals.
- Learn about financial concepts in a fun and engaging way.
The Future of AI and Gamification in Financial Tools
The use of AI and gamification in financial tools is still in its early stages, but it has the potential to revolutionize the way people manage their money. These tools can help people track their spending, set realistic goals, and stay motivated to reach those goals.
As AI and gamification technology continues to develop, we can expect to see even more innovative financial tools that use these technologies. These tools have the potential to help people achieve their financial goals and improve their financial well-being.
Conclusion
The use of AI and gamification in financial tools is a promising new development. These tools have the potential to help people track their spending, set realistic goals, and stay motivated to reach those goals. As AI and gamification technology continues to develop, we can expect to see even more innovative financial tools that use these technologies. These tools have the potential to help people achieve their financial goals and improve their financial well-being.