Privacy Policy

Welcome to five budgets. We’re committed to protecting your privacy and giving you transparency about how we collect, use, share, and protect your personal information. This Privacy Policy explains our practices and your rights.

This policy applies to all personal data collected:

• through our website (including quizzes, forms, downloads)

• via email or other digital communication channels

• if you use any of our AI-powered tools, coaching or financial education services

It applies to visitors, users, customers, and anyone who interacts with us.

• Consent — we ask for your permission before collecting non-essential data (for example, optional quizzes or AI input) or using data for marketing.

• Legitimate Interests — for operational needs, security, site improvements, and service delivery.

• Compliance with laws — where required (e.g. financial data protection laws, data breach notification laws).

For users in jurisdictions like the EU/UK (GDPR) or other region-specific privacy law, you may have additional rights (e.g. withdraw consent, access, correction, erasure).

We use data for:

• Delivering and operating services, quizzes, worksheets, coaching

• Generating personalized budget results and AI insights

• Communicating with you (newsletters, support requests)

• Improving services, website design, AI models

• Security and fraud prevention 

We do not sell your personal data. We may share data in these cases:

• Service Providers / Processors — trusted third parties who assist us (analytics, AI/ML tool providers, email services).

• Legal Requirements — if required by law, regulation, or to respond to lawful requests.

• Business Transfers — in case of merger, acquisition, or asset sale, with notice.

All third parties are required to maintain comparable privacy protections and only process data as permitted by us, under contract.

Because we use AI in parts of our service (e.g., generating personalized budget guidance, analyzing quiz data, etc.):

• We may use your inputs to train, test, or improve AI models.

• Sensitive personal data is handled with extra care; we do not use or retain data for training purposes beyond what’s needed or permitted.

• You have the right to opt out of having your data used for model training/enhancement (if this applies).

• We maintain transparency about how the AI works, its limits (it’s for guidance, not professional financial advice), and that outputs may not always be perfect.

• We retain your data only as long as needed for the purposes listed (service delivery, legal compliance, dispute resolution).

• Financial or personal data may be kept longer if required by law (e.g. for tax, regulatory reasons).

• When no longer needed, we securely delete or anonymize data.

We employ standard industry measures to protect your data:

• Encryption in transit (HTTPS/TLS)

• Secure storage: encrypted databases, access control

• Regular risk assessments, penetration testing

• Restricted internal access, using least privilege principle

• Vendor/third-party oversight

If there is a breach of your data:

• We will notify you no later than 30 days if your personal data is involved.

• We will also notify relevant regulatory authorities if required.

• We will provide you with information about what we know, what we are doing, and steps you can take.

Depending on where you are, you may have:

• Right to access your personal data

• Right to correct inaccurate or incomplete data

• Right to delete or erase your data

• Right to restrict or object to processing (including for AI model training)

• Right to data portability

• Right to withdraw consent (for data collected under consent legal basis)

To exercise your rights, contact: hello@fivebudgets.com

We use cookies, web beacons, Google Analytics (or similar), etc., to:

• Understand usage and behavior

• Improve features, detect fraud

• Support marketing and user experience

You can manage your cookie preferences via browser settings or through our consent banner (if applicable).

Because we operate in the financial advice/planning space:

• We comply with the Gramm-Leach-Bliley Act (GLBA) or similar laws if applicable, which protects “nonpublic personal information” of consumers.

• We maintain a Safeguards program, under GLBA, that includes administrative, physical, and technical measures to secure the data.

• We follow the FTC’s Safeguards Rule, including the requirement to report large-scale data breaches (nonbank financial institutions must notify when a breach affects ≥ 500 consumers). 

We do not knowingly collect personal information from children under the age of 13 (or the age required by local law). If we discover data has been collected from a child without verifiable parental consent, we will take steps to delete it. 

We may update this Privacy Policy from time to time. When we do, we will:

• Post the new version with an updated “Last Updated” date.

• If changes are significant, we may send notifications via email or site banner.

If you have questions, concerns, or requests, contact us: hello@fivebudgets.com

• AI regulation trends: Regulators are increasingly focusing on AI risks: bias, transparency, fairness, misuse of personal data. States like New York have guidance on AI-cybersecurity. 

• Breaches & reporting: New rules require nonbank financial institutions under FTC’s Safeguards Rule to report large breaches.

• Consumer financial privacy laws: GLBA, FTC rules, state laws — ensure compliance especially around nonpublic financial info.