Top 5 Personal Finance Reddit Communities Checking Out

Are you struggling with financial management? Reddit is here to the rescue!

Anything that interests you, no matter the niche, probably already has a community on Reddit. Reddit is a discussion site where people create communities, or “subreddits,” for just about everything from health tips, funny videos, and chilling fictional stories to those just dedicated to venting about annoying 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 – be it through books, YouTube videos, articles or online guides. However, all of this does not help us with the exact financial dilemma we may be dealing with. This is where Reddit comes to the rescue. If you’re looking for personal guidance from people who may have faced the same situations as you, here is a list of subreddits to check out:

r/ Personal Finance

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

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The subreddit also has 30-day challenges designed to encourage community members to get their finances in order. In writing this article, the challenge of the month is to track all of your spending habits. The community has taken actionable steps to track spending by creating a budget with categories like savings and retirement funds.

r/financial planning

r/FinancialPlanning is your one-stop guide to a more frugal lifestyle. The community has 400,000 members who discuss questions about windfall profits, salary negotiations and the next investment. The community also tells you what kind of documents you should receive when buying stocks.

Unlike the previous entry on this list, investing or stock analysis does not fall within the scope of this subreddit. Community rules prevent members from writing posts related to speculative investments like cryptocurrencies.


r/Budget should be your go-to resource for help setting up your personal budget. The community has 24,000 members talking to each other about where to shop for the cheapest groceries, how to track credit card payments, and which budgeting apps to use.

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The Redditors in this community also share their budget sheets with each other. Members can look at the sheets and help them cut costs and give advice on how to stay within a budget. Some Good Samaritans on the subreddit also create custom budgets for others to use.


r/povertyfinance is a community of 1.4 million people that offers tips and advice for people struggling financially. The community wiki page has detailed information on food banks, affordable health care, and free financial literacy courses. Redditors can use this subreddit to air their problems, get encouragement from other community members, and also offer advice on how to be economical with their spending. Some community members even get in touch to share job postings with other prospects.

If you are familiar with the basics of financial management and need investment-related advice, this may be the place for you. Consisting of 2.1 million members, r/investing is packed with advice on investing in capital markets. The community was founded in 2008, just before the stock market crash.

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This subreddit closely follows all investing-related news and features detailed posts asking questions about why the market looks the way it does. The members provide tips on where to invest and also explain investment-related terms for those who may not be familiar with them. Members can also access a reading list on investing, financial reports and understanding the stock markets.

According to the 2020 S&P Financial Survey, only one in three adults can correctly answer three out of four questions on numeracy (the ability to use simple number concepts), inflation, spread of risk and compound interest. This should tell us that financial literacy is limited to only a few people in the world. The best way to spread financial literacy is for those who have the financial know-how to share information with others, and that’s why these communities are so important. As you begin your journey toward financial independence, be sure to check out these subreddits!

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