19 Best Personal Finance Reddit Communities You Should Join

In today’s age, there’s no dearth of financial advice on the internet, however, the real challenge is to find a good and trustworthy source to listen to and learn from. While our website Finpins – be finlightened is definitely a trustworthy source to get some genuine knowledge on finance, we must admit there are other resources such as the following Personal Finance Reddit Communities that you should consider joining. You can learn, ask questions, and get opinions from others in the community to make an informed decision.

But, What is Reddit?

In this section, we will give you a quick summary of what Reddit is. If you are already familiar with Reddit, you can directly scroll down to the list of best personal finance Reddit communities.

What Is Reddit, What Are Its Features? A Beginner’s Guide to Reddit.

If you’re one of the many people who have heard the name “Reddit” but have no idea what it is, this section is for you! Reddit is a social-sharing website that contains articles, videos, and other content. It has its own language (a.k.a. jargon) that is used by its users. The site revolves around upvotes and downvotes. When you submit an article or video on Reddit, it will be shown on the front page of your subreddit if it appeals to more people than any other submission in your niche. If you want to grow your audience, you can also create your own subreddit. Read on to learn everything you need to know about Reddit so that you can enjoy a better understanding of how the website works and its features.

Subreddits or Communities

A “subreddit” is a category of content on Reddit. Subreddits are often dedicated to something like politics, music, art, or video games. You can create your own subreddit and have other people join it as well. Subreddits are also called communities. The communities or subreddits are named something like this r/communityname. Depending on the quality of content and niche, a community can grow exponentially and add millions of members. For example, in the GameStop saga, in January 2021, the community r/wallstreetbets grew from a million to over 8 million members in a matter of weeks. It currently has over 11 million members. As the name of this subreddit suggests, with ‘bets’ in its name, it is probably not the best starting point for someone just learning personal finance and investing. So, wait for our suggested list of Personal Finance Reddit Communities later in this article!

The Front Page of Reddit

Reddit used to call itself the ‘Front Page of The Internet’, but it also has its own front page. The front page of Reddit is called the “front page”, obviously. The most popular stuff on Reddit profiles and subreddits can end up on Reddit’s front page, thus getting more visibility.

How to Make Your Own Subreddit

Creating your own subreddit is a way to grow your audience. All you need to do is make a subreddit that has specific content relevant to your niche, and then start posting on it. You can also promote your subreddit by using Reddit’s advertising tools.

In order to create your own subreddit, you’ll have to go through some back-end steps like setting up a username and password, uploading images, and creating a description of what your subreddit is about. It’s good to discuss ideas with people who have similar interests as you. It also helps to get contradictory opinions from others so that you can make more informed decisions by weighing the pros and cons.

If you are a business, you can use this subreddit to get feedback from your customers, resolve issues, and also gather some ideas to make your business better!

How Does Voting Work on Reddit?

When you submit an article or video on Reddit, it will be shown on the community page of your subreddit. The other members in the community can interact with your content – if they like it, they can ‘upvote’ it, if they dislike it, they can ‘downvote’ it. In addition, they can comment and discuss further what you have initiated. The comments can have further replies posted to them, so as to continue communication easily.

The more ‘upvotes’ a post gets, the higher the chances of it getting shown to more and more people!

To Summarize Reddit

Reddit is a social news and community website that allows its users to submit content in the form of links, text posts, images, and videos. Reddit has many features that allow people to interact with each other in various ways, including voting on posts and commenting on them. With communities that cover topics from food to gaming to politics, Reddit has something for everyone. It’s a great resource for news and information from around the world, as well as a place for people of all ages to interact.

Best Personal Finance Reddit Communities

Here are the 19 best personal finance Reddit communities you should consider joining. If there are some good ones we missed, feel free to let us know!

1. Personal Finance | r/personalfinance

r/personalfinance is a community that has over 15 million members from all around the world.

The community is active and has threads that people respond to frequently and earnestly. There is also a wiki in this Personal Finance Reddit Community. It’s always a great idea to go through the wiki first to see if the questions you’re about to ask, already have an answer to them in the wiki!

The community focuses on broad personal finance topics such as budgeting, saving money, debt management, credit score management, investment ideas, and retirement planning.

We have created a list of the Best Reddit Personal Finance Tips on r/PersonalFinance Threads. Make sure to check it out.

2. Financial Independence / Retire Early | r/financialindependence

r/financialindependence has about 1 million members from around the world in the community.

Financial Independence is something we all aim for and this subreddit is a good place to learn from other people’s experiences and craft your own strategy for financial independence. You can ask questions and see how others who are in a similar situation as yours are moving toward their goal.

This community has a list of FAQs as well as a curated list of books they believe are good. So be sure to check that out as well.

3. Frugal Living: Waste Less, Gain More! |
r/Frugal

r/frugal is a community that has over 2 million worldwide members.

This community is great for people who want to discuss with each other how to extract the maximum out of their money. There might be some methods and techniques that don’t require you to compromise on your quality of life, but still, make your dollar go further. So, join the community and gather some wisdom on how to achieve that. After all, for every dollar that you save, you can invest for your future!

r/frugal community has a wiki that you can reference for ideas, and it also points you to other helpful subreddits such as specific use cases, such as r/cordcutters for people looking to save money on their cable bills.

4. Financial Planning, Personal Finance, Frugality, Money, and More! | r/FinancialPlanning

r/financialplanning is a subreddit with more than 250,000 members from around the world.

This subreddit covers a broad range of topics in personal finance such as income, insurance, investing ideas, budgeting, and frugality tips. Even though they don’t seem to have a Wiki as of now, they have a wealth of information embedded in their historical posts and questions and answers. So, be sure to check them out!

5. Investing | r/investing

r/investing is a community of 2 million Reddit members. It has been in existence since 2008 and is one of the older communities on Reddit.

This community has a published wiki and also a list of books that they believe are good for learning about investing. They also run discussion threads from time to time. You can either create your own posts (make sure to read the community rules before posting, or you may even get banned from the subreddit) or just join any of the existing discussion threads.

6. Personal Finance For The Financially Challenged | r/povertyfinance

Being a relatively new community, r/povertyfinance is almost at 1 million members. It is impressive and the growth suggests that the niche of this community speaks to a lot of people on Reddit.

This community aims to discuss issues for people who want to manage to do more with less money. In a way, it is similar to r/frugal, but each community has its own taste and flavor in the way they discuss things. This might be a great helpful community for people who are struggling to keep up with their financial life and obligations. They have a helpful wiki that expands on topics such as the following:

• Where to Start When in Poverty,
• Emergency Food Resources by State
• Benefit Programs by Country
• Food Banks
• Low-Cost Healthcare
• Mental Health
• Legal Services

These resources and tips can be incredibly helpful to those in need. So, make sure to check this personal finance Reddit group out to learn about the various options that you can leverage if required.

7. Credit Cards | r/CreditCards

The r/creditcards community has more than 600,000 members on Reddit. The sheer number of people in the United States that have credit card debt is astonishing, so this might be a good subreddit for anyone to join and take a look at what’s going on in the world of credit cards. Credit cards can be incredibly rewarding through points and loyalty programs if you can use them responsibly. So, it might be worth your time to join the subreddit and read up on some of the discussions there.

As the community description says, remember that it is important to pay your credit cards in full and on time, every time! If you haven’t already, make sure to read up on: How To use Credit Cards Responsibly!

8. Eating healthy on a cheap budget | r/EatCheapAndHealthy

We have all heard that ‘Eating healthy is expensive’. While it is true, there are ways to figure out how to eat healthy for less. Since food constitutes a major chunk of everyone’s budget, this personal finance Reddit subreddit r/eatcheapandhealthy can help you with ideas on saving some dollars without compromising on the quality and taste of food!

Going by its strong 3.8 million membership, this niche is really popular among the Redditors. After all, who doesn’t want to eat healthily and save up some money at the same time!

9. Budgeting – Creating and maintaining a personal budget | r/budget

r/budget is a community with about 20,000 members. This personal finance Reddit community is a good place if you need help getting started with creating your personal budgeting strategies.

If you haven’t already, check out our article on Cash Flow and Budgeting.

10. FI/RE – Financial Independence & Retiring Early | r/Fire

r/fire is a personal finance Reddit community focused on the goal of financial independence and early retirement. This subreddit has almost 175,000 members from around the world discussing their FIRE strategies.

11. Sidehustle | r/sidehustle

The recommended way to improve your cash flows and strengthen your financial situation is to increase your income! Side hustles can be lucrative if they bring you enough money for the time you have to commit to them.

r/sidehustle is a personal finance Reddit community you can look into for gathering ideas on which side hustles to pick (and which to avoid)! The community has more than 75,000 members on Reddit.

12. Entrepreneur | r/Entrepreneur

Most of the money is made by providing value to the world. Entrepreneurs do exactly that! Do you have an idea that can solve a problem and can also be monetized? If you get it right with the idea, scale, timing, and execution, you can hit a home run for your finances!

Entrepreneurship may seem lucrative financially, but it is never easy! Take a look at what difficulties some other entrepreneurs on r/entrepreneur have faced and what they have learned through their journey. Maybe you can benefit from some of those learnings. Maybe this will propel you to pursue your million-dollar business idea!

Other Regional Personal Finance Reddit Communities

Reddit is a global website, but the majority (more than 50%) of the Redditors are from the United States. It is understandable that the majority of discussions on personal finance Reddit communities are also from an American perspective. However, there are many subreddits that can interest you based on where you are located. Below, we have listed some regional personal finance Reddit communities that you can consider following.

13. Personal Finance For Canadians | r/PersonalFinanceCanada

The personal finance Reddit community for Canadian residents is r/personalfinancecanada. This community has more than 750,000 members.

14. UKPersonalFinance: Getting your pounds in order | r/UKPersonalFinance

The personal finance Reddit community for United Kingdom residents is r/UKpersonalfinance. This community has more than 590,000 members.

15. A place for Indians to discuss and evaluate Investments | r/IndiaInvestments

The personal finance and investment Reddit community for residents of India is r/IndiaInvestments. This community has more than 130,000 members.

16. EU Personal Finance | r/eupersonalfinance

The personal finance Reddit community for residents of the European Union is r/eupersonalfinance. This community has more than 80,000 members.

17. Australian Personal Finance | r/AusFinance

The personal finance Reddit community for residents of Australia is r/AusFinance. This community has more than 280,000 members.

18. Personal Finance NZ | r/PersonalFinanceNZ

The personal finance Reddit community for residents of New Zealand is r/PersonalFinanceNZ. This community has more than 48,000 members.

19. Italia Finance | r/ItaliaPersonalFinance

The personal finance Reddit community for residents of Italy is r/ItaliaPersonalFinance. This community has more than 25,000 members.

Conclusion

This concludes our list of personal finance Reddit Communities. We hope you found this list of Reddit communities helpful and will consider them as additional resources for your learning!

Bonus: Building a Computer? | r/buildapc

Here’s a bonus subreddit recommendation for you.

Almost everyone needs a computer or a laptop to operate and do day-to-day activities. If you are a computer person and want to know how to build a great machine without shelling out too much money, take a look at this subreddit r/buildapc.

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