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#personal-finance — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #personal-finance, aggregated by home.social.

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  1. "OpenAI launches ChatGPT for personal finance, will let you connect bank accounts"

    I didn't see/spot a word anywhere in the report about what all OpenAI is permitted to do with user data.

    techcrunch.com/2026/05/15/open

    #finance #personalFinance #OpenAI #LLM #privacy #journalism #technology

  2. #OpenAI launched a new set of #personalfinance tools for #ChatGPT Pro subscribers in the US. The tools, powered by #Plaid, allow users to connect their bank accounts and get insights into spending, portfolio performance, and future financial planning. OpenAI plans to expand the product to Plus users based on feedback from Pro users. techcrunch.com/2026/05/15/open #tech #media #news

  3. Via #LLRX - #AI in #Finance & #Banking, 5/15/26 - highlights: AI Managed #Household Portfolios: Report; #ClimateRisk & AI: Banking’s Next Regulatory Frontier'; Microstructure of AI #Diffusion: Evidence from Firms, Business Functions, Worker Tasks; #Financial Stability #Risks Mount as AI Fuels #Cyberattacks; #Anthropic deepens finance push w 10 new #AI agents 4 warns over private credit industry fuelling AI boom; #OpenAI launched new set of #personalfinance tools llrx.com/2026/05/ai-in-finance

  4. Trust tax could hurt young, not just ultra-wealthy, tax advisors warn
    By Nassim Khadem

    The federal budget includes a new 30 per cent minimum tax on discretionary trusts. Experts say it is not just the ultra-wealthy that will be hit.

    abc.net.au/news/2026-05-15/wea

    #Tax #Budget #TaxEvasion #FinancialPlanning #PersonalFinance #FinancialAdvisers #SmallBusinesses #NassimKhadem

  5. SPARE CHANGE: CHOOSING THE RIGHT CREDIT CARD

    I recently applied for a new credit card and was reminded just how confusing the process can be. There are so many options, all with different perks, rewards systems, and fee structures, that it’s difficult to figure out the right one for you. The truth is, the best credit card is different for everyone and really comes down to understanding your own spending habits and financial […]

    communityedition.ca/spare-chan
  6. Millennials make more than ever but it still doesn’t feel like enough.

    So we cope. Nostalgia. Buy now, pay later. Small hits of joy.

    What does that actually cost us?

    #WOTS #Millennials #PersonalFinance #Gaming #Nostalgia

    whatsontheshelf.blog/2026/05/1

  7. Millennials and Money – Nostalgia, Debt, and the Cost of Feeling Better

    Millennials are earning more than ever but still can’t afford the life we were promised. So we cope. Nostalgia spending, payment plans, and small hits of joy are filling the gap between financial reality and expectation. But what is it really costing us?

    whatsontheshelf.blog/2026/05/1

  8. Who Is Annie Duke?

    If you’ve ever made a financial decision with incomplete information (and you have, because everyone has), you’ve experienced exactly what Annie Duke has spent her career studying. Duke is an author, speaker, and decision science consultant whose work sits at the intersection of cognitive psychology, risk, and human behavior. Her books have become widely recommended reads for anyone trying to make smarter decisions with money, in business, and in life.

    From the Poker Table to the Bestseller List

    Duke was born in 1965 in Concord, New Hampshire. She attended Columbia University, where she double-majored in English and psychology as part of the first co-ed class in the school’s history. She later pursued a Ph.D. in cognitive psychology at the University of Pennsylvania on a National Science Foundation Fellowship, where her research focused on cognitive linguistics.

    She left her doctoral program before completing it to move to Las Vegas and play poker professionally, a decision that would eventually shape an entirely new career. Over the next two decades, she became one of the top poker players in the world, winning more than $4 million in tournament play. In 2004, she won a World Series of Poker gold bracelet and the invitation-only WSOP Tournament of Champions, a $2 million winner-take-all event. In 2010, she won the NBC National Heads-Up Poker Championship. She retired from professional poker in 2012.

    Annie Duke’s Books on Decision Making

    Duke’s most well-known work is Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts, published in 2018 by Portfolio, an imprint of Penguin Random House. The book became a national bestseller and is frequently cited as one of the best books on decision making for people in finance, business, and investing.

    The central idea of Thinking in Bets is that good decisions and good outcomes are not the same thing. We often judge our choices by how they turn out, but outcomes are partly determined by luck. Duke argues that the better approach is to evaluate the quality of your decision-making process rather than fixating on results. This framework is deeply relevant to investing, where market volatility can make even sound decisions look bad in the short term.

    Her follow-up, How to Decide: Simple Tools for Making Better Choices, published in 2020, takes a more practical approach. It functions almost like a workbook, offering frameworks and exercises to help readers improve how they evaluate options, account for their own biases, and make more confident decisions without second-guessing themselves constantly.

    In 2022, Duke published Quit: The Power of Knowing When to Walk Away. The book challenges the conventional wisdom that persistence always wins. Duke makes the case that knowing when to exit a bad situation, a failing strategy, or a sunk-cost trap is a skill, not a weakness. For investors who have ever held a losing position too long because they couldn’t bring themselves to sell, the book is particularly relevant.

    Why Her Work Matters for Personal Finance

    Duke’s academic background in cognitive psychology gives her books a foundation that goes beyond motivational advice. She draws on behavioral science to explain why people make the decisions they do, including why we are wired to avoid losses more than we seek gains, why we remember outcomes better than we remember reasoning, and why we tend to be overconfident in our own judgment.

    These are not abstract problems. They show up every time someone holds a falling stock because selling it would feel like admitting a mistake. They show up when someone avoids looking at their budget because the numbers are uncomfortable. They show up when someone keeps contributing to a financial plan that stopped making sense years ago.

    Understanding these tendencies is the first step toward correcting them, which is why many financial advisors and serious investors treat Duke’s books as essential reading.

    Beyond the Books

    Duke is also the co-founder of the Alliance for Decision Education, a nonprofit focused on bringing decision-making skills into middle and high school curricula. She has served on the board of the Franklin Institute in Philadelphia and has spoken at conferences for organizations across the financial services industry, including Susquehanna International Group and Citibank.

    She is a Special Partner focused on Decision Science at First Round Capital, a seed-stage venture fund, where she coaches founders and investors through high-stakes decisions.

    Is Annie Duke Worth Reading?

    If you believe that how you think matters as much as what you know, then yes. Thinking in Bets in particular has earned a place alongside the classics of behavioral finance for its clear-eyed look at uncertainty and human judgment. It won’t tell you which stocks to buy or how to build a budget. What it will do is help you understand why you make the decisions you make and how to make better ones going forward.

    That kind of self-awareness is one of the most underrated tools in personal finance.

    #ActiveInvesting #AllianceForDecisionEducation #AnnieDuke #Author #Biography #Books #HowToDecide #Investing #PersonalFinance #Psychology #Quit #ThinkingInBets
  9. The cost of the caring burden for single, childless women
    By Kellie Scott

    Single women over 45 without children are much more likely to be spending time caring for family members who are aging, have a disability or chronic illness. And it's not just costing them financially.

    abc.net.au/news/2026-05-12/the

    #Carers #PersonalFinance #WomensHealth #KellieScott

  10. How does an expense tracker help you and how particular are you about correctly categorizing your expenses, how small an expense do you record and how often do you revisit and revise your overall or category specific budgets? What's your fun budget or safety buffer percentage like?
    #personalfinance #askfedi

  11. 📢 A new version Firefly III Data Importer has been released. Version v2.3.2 is out.

    The Firefly III data importer allows you to download transactions directly from your bank into Firefly III, a free and open source personal finance manager.

    This release supports UUID access tokens and fixes several issues.

    Check out the release notes and download. github.com/firefly-iii/data-im

  12. 📢 Woohoo! Version v6.6.2 of Firefly III has just been released! 🎉

    Firefly III is a free and open source personal finance manager with great budgeting options.

    This releases fixes a security issue and some small UI issues. Please upgrade at your earliest convenience.

    Check it out over at GitHub, Docker, or download it using your favorite package manager.

    github.com/firefly-iii/firefly