You are currently viewing Ultimate Guide to Reddit Personal Finance 2024

Ultimate Guide to Reddit Personal Finance 2024

When it comes to managing your money, Reddit personal finance groups can be a treasure trove of information and advice. From budgeting tips to investment strategies, Reddit’s personal finance communities offer a wealth of knowledge. This guide will show you how to leverage these resources effectively, helping you navigate the world of personal finance with ease.

Skale Money Key Takeaways

  • Diverse Financial Advice: Reddit’s personal finance subreddits offer a wealth of knowledge from budgeting and saving to investing and achieving financial independence, providing real-world advice from a wide range of perspectives.
  • Top Personal Finance Subreddits: Key subreddits like r/personalfinance, r/financialindependence, r/povertyfinance, r/frugal, and r/investing cater to different financial needs and goals, offering tailored advice and community support.
  • Effective Community Engagement: Creating an account, following Reddiquette, posting effectively, and actively participating by upvoting and commenting can enhance your experience and help you get the most out of Reddit’s personal finance communities.
  • Practical Tools and Resources: Reddit users frequently share recommendations for budgeting tools, investment platforms, personal finance software, and educational resources, which can help you manage your finances more efficiently and effectively.
  • Inspirational Success Stories: Many Reddit users share their personal finance success stories, providing motivation and practical insights on budgeting, investing, and achieving financial goals, illustrating the impact of disciplined financial management.

What is Reddit?

Reddit is a social media platform where users can share content, participate in discussions, and vote on posts. It’s organized into communities called subreddits, each focusing on a specific topic. These subreddits can range from hobbies and interests to professional advice and personal finance.

Why Reddit Personal Finance?

Reddit is unique because it provides real-world advice from real people. Unlike traditional personal finance resources, Reddit allows for direct interaction, enabling users to ask questions and share experiences. The platform’s vast user base ensures diverse perspectives and solutions tailored to various financial situations.

Caption: an image of the Reddit homepage showing popular personal finance subreddits.

Top Personal Finance Subreddits

Reddit offers several focused communities where users can share and receive personal finance advice. Here’s an overview of the main subreddits that can help you manage your finances effectively:


The r/personalfinance subreddit with more than 19M members is one of the most popular destinations for financial advice on Reddit. Here, you’ll find discussions on budgeting, saving, investing, and more. Users frequently share personal experiences, ask for advice, and offer tips.

r/personalfinance serves as a comprehensive resource for individuals at any stage of their financial journey. Whether you’re looking to create a budget, save for a major purchase, or navigate the complexities of taxes, this subreddit offers practical advice and community support. The collaborative nature of the subreddit allows users to learn from each other’s successes and mistakes, providing a diverse array of perspectives and solutions.


This subreddit focuses on achieving financial independence and early retirement (FIRE). r/financialindependence is a great place to learn about investment strategies, frugal living, and long-term financial planning.

For those interested in the FIRE movement, r/financialindependence provides valuable insights and motivation. The community shares detailed strategies for maximizing savings and investments, cutting unnecessary expenses, and achieving long-term financial goals. Success stories and case studies offer inspiration and practical examples of how others have reached financial independence, making it a supportive environment for those pursuing similar objectives.


Designed for those dealing with financial hardship, r/povertyfinance offers practical advice on managing money when funds are tight. Topics include low-cost living tips, debt management, and accessing financial assistance.

r/povertyfinance is an essential resource for individuals facing financial struggles. The community offers empathy, practical advice, and resources for navigating tough financial situations. 

From tips on reducing expenses to finding additional sources of income, the discussions are geared towards helping users make the most of limited financial resources. The supportive environment helps users feel less alone in their financial struggles and more empowered to improve their circumstances.


With more than 4.7M followers, r/frugal is a community dedicated to sharing tips and strategies for living frugally. Members discuss ways to save money on everyday expenses, from grocery shopping and household bills to entertainment and travel. The focus is on maximizing value and minimizing waste without sacrificing quality of life.

Learning to live frugally is an essential skill for anyone looking to improve their personal finances. By adopting frugal habits, you can significantly reduce your expenses, allowing you to save more money and invest in your future. 

The practical tips and real-life examples shared in r/frugal can inspire you to rethink your spending habits and find creative ways to cut costs. Whether you’re looking to stretch your paycheck further or save for a specific financial goal, this subreddit offers a wealth of actionable advice.


r/investing is a subreddit focused on discussions about various investment strategies, financial markets, and investment tools. Members include both novice investors seeking basic advice and experienced investors sharing advanced strategies. Topics range from stock market investments and mutual funds to real estate and cryptocurrency.

Investing is a critical component of building wealth and achieving long-term financial goals. The r/investing subreddit provides a platform for learning about different investment options and strategies, understanding market trends, and making informed decisions. 

By participating in these discussions, you can gain insights into risk management, portfolio diversification, and the latest investment opportunities. The community’s diverse perspectives can help you refine your investment approach and stay informed about the financial markets.


With 46M followers, r/AskReddit is a general subreddit where users can ask any question and receive answers from the community. While it covers a wide range of topics, many users turn to r/AskReddit for financial advice, recommendations, and personal finance experiences.

The broad scope of r/AskReddit allows for diverse and spontaneous discussions on personal finance. You can find unique insights and perspectives that might not be covered in specialized subreddits.

Additionally, because the community is so large, questions often receive a wide range of responses, providing a well-rounded view of financial issues. Whether you’re curious about how others handle specific financial situations or looking for general advice, r/AskReddit can be a valuable resource.

Best Practices for Engaging on Reddit

  • Creating an Account: To get started, create a Reddit account and customize your feed to include your favorite personal finance subreddits. This way, you can easily keep up with new posts and discussions.
  • Reddiquette and Community Guidelines: Each subreddit has its own rules, known as “Reddiquette.” Following these guidelines ensures you remain respectful and constructive in your interactions. Always read and adhere to the subreddit rules before posting or commenting.
  • How to Post Effectively: When asking questions or sharing information, be clear and concise. Provide relevant details to get the best advice. Use the search function to check if your question has already been answered.
  • Upvoting and Commenting: Engage with the community by upvoting useful posts and comments. Contributing your own advice and experiences can also help others while building your reputation on the platform.

Success Stories and Case Studies

Many users have shared their success stories on Reddit, providing inspiration and practical advice. For instance, some have posted about paying off massive debts, building significant savings, or achieving early retirement.

Example: A user shares how they used the Reddit personal finance flowchart to map out their financial goals and achieve financial stability.

These stories often highlight key takeaways, such as the importance of budgeting, the benefits of investing early, and the impact of living below your means. By applying these lessons, you can improve your own financial situation.

Tools and Resources Shared on Reddit

Budgeting Tools

Reddit users frequently recommend various budgeting tools and apps. The Reddit personal finance budget spreadsheet is a popular resource, helping users track their income, expenses, and savings goals.

Investment Platforms

Subreddits like r/investing often discuss the best platforms and apps for investing, providing reviews and comparisons to help you make informed decisions.

Educational Resources

Reddit is a great place to find recommendations for personal finance books, courses, and websites. These resources can further enhance your financial knowledge and skills.

Personal Finance Software

Many Reddit users recommend personal finance software to help manage money more efficiently. Tools like Mint, YNAB (You Need a Budget), and Quicken are often discussed for their features and benefits.


Reddit is an invaluable resource for anyone looking to improve their personal finance skills.  Exploring the right subreddits, engaging with the community, and utilizing the shared tools and resources, enables you to gain valuable insights and achieve your financial goals. Start your journey today by diving into the world of Reddit personal finance.