The Best 5 Personal Finance Subreddits for Expert Advice

DDerek March 11, 2024 7:01 AM

Reddit is a treasure trove of information and advice, especially when it comes to personal finance. With a plethora of subreddits dedicated to the topic, you can find answers to just about any finance-related question you might have. In this article, we're going to take a look at the top 5 personal finance subreddits for expert advice.

r/PersonalFinance

First up is the most obvious one: r/PersonalFinance. With over 14 million members, this subreddit is a one-stop-shop for all things personal finance. From budgeting and saving to investing and retirement, you'll find a wide range of topics being discussed. It's also highly moderated to ensure quality content and respectful, meaningful discussions.

r/FinancialPlanning

Next on the list is r/FinancialPlanning. This subreddit is perfect for people who are looking for advice on managing their finances in a broader sense. You'll find discussions about budgeting, retirement planning, insurance, and investing. With around 200,000 members, it's a smaller community, but one that's very engaged and helpful.

r/Investing

If you're interested in investing, you might want to check out r/Investing. With over 1 million members, this subreddit is filled with discussions about stocks, bonds, mutual funds, ETFs, and other investment strategies. It's a great place to learn from others' experiences and to share your own.

r/Frugal

For those looking to save money, r/Frugal is a great resource. This subreddit is all about living efficiently with less money. Members share tips and tricks on how to save on groceries, utilities, and other everyday expenses. With over 1 million members, it's a vibrant community with a lot of great advice to offer.

r/FinancialIndependence

Last, but certainly not least, is r/FinancialIndependence. This subreddit is dedicated to people who are striving for or have achieved financial independence. It's a place where people share their journeys and advice on how to achieve financial freedom. With over 700,000 members, it's a very active community.

Here's a quick summary of these subreddits in table form:

Subreddit Members Focus
r/PersonalFinance 14M All things personal finance
r/FinancialPlanning 200K Financial planning
r/Investing 1M Investing
r/Frugal 1M Frugality
r/FinancialIndependence 700K Financial independence

The beauty of these subreddits is that they offer a mixture of advice from financial experts, experienced individuals, and people who are in the same boat as you. They provide a platform to ask questions, share experiences, and learn from each other. So, whether you're a finance guru or a complete novice, these subreddits are a great resource for personal finance advice.

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