Top 5 Personal Finance Subreddits | Check ’em Out!

by Personal Finance

I love reading Reddit about all sorts of topics. So naturally, I also read about personal finance topics on there as well. There’s lots of different personal finance subreddits to potentially subscribe to. 

I have read a lot of really good advice on Reddit. But I have also read a lot of really bad advice and things that are just plain wrong. Sort of like Twitter.

So before I dive into the list here are some tips to help you avoid bad advice from Reddit:

1)  Be extremely skeptical about what you read on Reddit. A lot of people who post financial advice on Reddit are amateurs and/or are trying to sell you something. Be very cautious about following advice you read on the internet!  It is easy to get sucked into reading one financial post after another and before you know it, you have wasted hours reading things that are not very helpful. Or worse, some of the stuff might be harmful or even dangerous. Reddit is full of scams and get-rich-quick schemes. You need to be careful and always ask yourself, “Is this person really an expert? What is their background? Are they just trying to sell me something?”

2)  Don’t assume that someone with a lot of karma is an expert or someone with little karma doesn’t know what they are talking about. Karma on Reddit is basically just popularity points. Someone with a lot of karma might be popular but that doesn’t mean they are an expert

Ok, with that out of the way, here’s my favorite personal finance subreddits to browse:

  1. /r/FATfire

A subreddit dedicated to retiring early and achieving independence in a more comfortable way (read: with more money) than typical FIRE adherents advocate. Generally focus more on the issues that arise once you have already achieved high income/net worth, less focused on how to get there, e.g. the issues facing people with >$5M net worth and/or >$500 income.

The moderators do a good job of generally allowing only posts from high net worth / high-income people. Posters, while anonymous and usually using throwaway accounts, are typically open about their source of wealth/income (e.g. early at a unicorn startup, inheritance, early in crypto, high up in the corporate world, etc.). By the far the highest quality content out of all the personal finance subreddits I subscribe to.

Subs – ~200K and growing

Top all time post

  1. r/Personalfinance

This is the obvious starting point for any discussion of personal finance. This subreddit is a great resource for learning about everything from budgeting to investing. Although it can be a bit of a generic forum for all things personal finance, for all situations and levels. Has posts ranging from career tips, to budgeting, to banking. Overall it’s an ok place to start if you’re new to personal finance and have basic questions.

Subs – ~15M

Top all-time post

  1. /r/financialindependence

This subreddit is all about achieving financial independence through saving and investing. It’s a great place to learn about different strategies for reaching your financial goals. It’s a more traditional FIRE-related subreddit, focused on achieving independence from having to work to live. Different from r/FATfire in that they would consider people financial independent once they are able to finance a basic lifestyle with their investments (rather than a “FAT” lifestyle).

It’s a good place to start learning about financial independence concepts. It focuses more on the “how to get there” aspect, e.g. what career to pursue, lifestyle tips etc.

Subs – ~1M

Top all-time post

4. /r/investing

A reasonably good place to start learning about investing and casually browse for fun. But would not take their ideas/advice too seriously. This is the place to go if you want to learn about investing and how to grow your money. You’ll find advice on everything from stocks to real estate. What – Discussions around all kinds of investing strategies from single stocks to dollar-cost averaging into ETFs. Generally more serious investing discussions than r/wallstreetbets

If you want higher-quality investment ideas, quickly head to valueinvestorsclub.com

Subs – ~2M

Top all-time post

  1. /r/frugal

If you’re looking to save money on everything from groceries to utilities, this is the subreddit for you. You’ll find tons of tips and tricks for living frugally.

Subs – ~2M

Top all-time post

And one more as a bonus:

/r/personalfinancequestions – This subreddit is a great place to ask questions about any aspect of personal finance. You’ll get answers from experts and other members of the community. You’re more likely to get kind answers here, whereas on the other subreddits commentators may think your question is too basic or has been covered already too many times.

Let me know if you think I missed any of the best personal finance subreddits!

Editor's Note:

At Personal Finance Guru, we want to help you maximize your lifestyle through personal finance. You can trust the integrity of our independent financial advice. Our opinions our own and have not been provided, review, approved, or endorsed by any advertiser or financial product provider. To support and grow the site, however, we may receive compensation from the issuers of some products.