According to the review article, the introduction of artificial intelligence (AI) into personal finance is a revolution that presents both opportunities and challenges. AI's potential is being harnessed across many core processes in the financial sector, such as algorithmic trading, fraud detection and prevention, credit scoring and lending, customer service, and financial advice, which this article focuses on. These examples are just some of the potential applications of AI to address all personal financial business needs, as AI has the potential to improve the way businesses and customers interact with global financial services. This article also outlines the applications used in personal finance management processes for individuals and societies in general. This article finds numerous opportunities and areas for improving AI's performance in personal finance, including the use of hyper-personalization, emotionally intelligent AI, and behavioral finance.