Top 5 Personal Finance Reddit Communities

Top 5 Personal Finance Reddit Communities

Do you struggle with financial management? Reddit is here to the rescue!

Anything that interests you, regardless of its niche, probably already has a community on Reddit. Reddit is a discussion website where people form communities, or “subreddits,” for just about everything from health advice, funny videos, and terrifying fictional stories to those who are simply dedicated to venting boring stuff. .

One such category of subreddits is personal finance. I mean, let’s face it: most of us don’t have the best financial knowledge. We learn for ourselves, whether through books, YouTube videos, articles or guides on the Internet. However, all of this does not help us solve the exact financial dilemma we might be facing. This is where Reddit comes to the rescue. If you’re looking for personalized advice from people who might have faced the same situations as you, here’s a list of subreddits you should check out:

r/Personal finance

r/PersonalFinance is a community of 16.4 million members that describes itself as a community where you can learn about budgeting, saving, investing, and planning for retirement. If you look at the subreddit’s Wiki page, you’ll see tips categorized by different age groups as well as different types of credit and investments.

The subreddit also features 30-day challenges meant to encourage community members to get their finances in order. As of writing this article, this month’s challenge is to track all of your spending habits. The community gave actionable steps to track spending by building a comprehensive budget with categories, like savings and retirement funds.

r/Financial Planning

r/FinancialPlanning is your general guide to a more frugal lifestyle. The community has 400,000 members who discuss windfall earnings, salary negotiation, and where to invest next. The community also tells you what types of documents you should receive when you buy shares.

Unlike the previous entry on this list, investing or analyzing stocks is outside the scope of this subreddit. Community rules discourage members from writing articles related to speculative investments, such as cryptocurrency.


r/Budget should be your point of reference to help you create your personal budget. The community has 24,000 members talking to each other about the cheapest places to shop, how to track credit card payments, and which budgeting apps they should use.

Redditors in this community also share their budget sheets with each other. Members can view the sheets and help them see where they could cut costs and advise them on how to live on a budget. Some Good Samaritans on the subreddit also create custom budgets that others can use.


r/povertyfinance is a community of 1.4 million people offering tips and advice to people in financial difficulty. The Community Wiki page has detailed information on food banks, cheap health care, and free financial literacy courses. Redditors can use this sub-reddit to air their issues, get encouragement from other community members, and also share tips on how to be frugal with their spending. Some community members are even reaching out to share job opportunities with others who might be interested.

If you know the basics of money management and need investment advice, this might be the place for you. Made up of 2.1 million members, r/investing is packed with advice on how to invest in the capital markets. The community was created in 2008, just before the stock market crash.

This subreddit follows all investment-related news closely, providing in-depth articles asking questions about why the market looks the way it does. Members share advice on where to invest and also explain investment-related terms to those who might not be familiar with them. Members can also access a reading list on investing, financial reporting, and understanding stock markets.

According to the S&P Financial Survey 2020, only one in three adults can correctly answer three out of four questions about numeracy (ability to apply simple numerical concepts), inflation, risk diversification and interest composition. This should tell us that financial knowledge is limited to only a few people in the world. The best way to spread financial literacy is for those who have the financial savvy to share information with others, and that’s precisely why these communities are so important. If you’re starting your journey to financial independence, be sure to check out these subreddits!

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