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20 best Reddit personal finance tips

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Reddit isn't just about funny cat videos and video game tips.

Every day, both experts and everyday people contribute personal finance tips, advice, and strategies to Reddit, making it a great website for you to become a better earner, savor, credit holder, or investor. 

Below, is a quick overview of what Reddit personal finance tips is and how it works, as well as a list of specific money-related subreddits you should check out. We’ve also compiled the best tips from a few of the top personal finance subreddits:

What is Reddit?

Reddit is a collection of online forums where users post content. This content can consist of links, photos, and videos that someone wants to share, or it can be original content in the form of text, Q&As, etc. Users can interact with content on the site by commenting on the original post or by upvoting and downvoting posts and comments. 

The idea is that quality content will percolate to the top of both Reddit and the Internet overall because more people read, vote on, comment on and share the best stuff.

Because many people use Reddit to stay on top of the news, and often set Reddit as their homepage, the company is popularly known as “the front page of the internet.”

What are subreddits?

Subreddits are individual communities found on Reddit which are dedicated to specific topics or types of content. Subreddits can be very broad or they can be highly targeted. 

Subreddits are noted by an “r/” followed by the topic’s name. For example, r/Funny is a subreddit dedicated to jokes and funny stories, while r/Dating is a subreddit dedicated to stories, news, and tips about dating. 

Some of the most popular personal finance subreddits that you should know about include:

How to use Reddit

All you need to access Reddit is an internet connection and a web browser. You don’t even need a Reddit account to access most subreddits and read their content (though some private subreddits are invitation-only and require an account).

To create a Reddit post of your own, comment on an existing post, upvote/downvote a post or comment, you'll need to create an account. All you have to do to open an account is:

  • Choose a username
  • Choose a password
  • Enter your email address
  • Either accept the username Reddit suggests, or choose your own.

r/ Personal Finance

With nearly 15 million members r/PersonalFinance is one of the most popular finance-related subreddits in all of Reddit. The subreddit was created in 2009 and has since amassed hundreds of thousands of posts, threads, and comments discussing virtually any topic related to personal finance that you can think of. — and plenty you can't imagine.

Popular topics discussed in the r/PersonalFinance subreddit include budgeting, credit, debt, emergency funds, insurance, investing to build wealth, retirement, taxes, student loans, and more. 

The moderators who manage the r/PersonalFinance subreddit have created a long and in depth post titled “Basic financial advice everyone should follow” that is a perfect resource for those who are brand new to trying to get their finances in order. Moderators have also organized advice based on user age, such as for Mid-career adults and Middle-age adults.

Some of the best tips found in the /PersonalFinance subreddit include:

1. How to make a budget

Advice on how to make a budget

2. How to build a good credit score

How to build your credit score

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3. Where to keep a 6-month emergency fund

Where to keep your emergency fund

r/ Poverty Finance – Personal Finance For The Financially Challenged

The r/PovertyFinance subreddit was created in 2018 and currently has nearly 1 million members. This subreddit bills itself as “personal finance for the financially challenged” and is chock full of information and tips for those living in or on the cusp of poverty.  

Popular topics discussed in the r/PovertyFinance subreddit include information about emergency resources (such as food banks, housing, low-cost healthcare, etc.), budgeting tips for those with low income, information about building or fixing credit, financial literacy, life planning, free Christmas gifts for poor families, scholarships for single moms, and more.

Moderators of the r/PovertyFinance subreddit have compiled a helpful collection of information in the post “Start Here! Where to Start When in Poverty” which pulls food resources, housing resources, health resources, and other resources that those in poverty can use to support themselves and their families as they work to get back on their feet. 

Some of the best tips found in the /PovertyFinance subreddit include:

4. Why you should avoid payday loans

Apply for our $500 monthly single mom grant

5. Where to find information about your debt if you’ve lost track of it

6. How to deal with unpaid medical bills

How to handle debt from healthcare

r/ Financial Independence / Retire Early

The r/FinancialIndependence subreddit has been around since 2011 and has just under 1 million members. The full name of the subreddit is Financial Independence/Retire Early, and the forum is dedicated to advice and tips that people can use to become financially independent enough that they can retire and live off of income generated from their assets. 

Popular topics discussed in the r/FinancialIndependence subreddit include:

  • Financial independence and the FIRE movement
  • Investing with financial independence in mind
  • How much money you really need to be financially independent
  • How to take advantage of retirement accounts, and more. 

Moderators of the r/FinancialIndependence subreddit have compiled this wiki page that answers some of the most common questions that people have about financial independence, which is a great resource for beginners. 

Best career-level work-at-home jobs

Some of the best tips found in the /FinancialIndependence subreddit include:

7. How to organize your money for financial independence

8. Why reaching financial independence isn’t always the “finish line” people think it is

7 business ideas for single mom

r/ Frugal Living: Waste Less-Gain More!

The r/Frugal subreddit was founded in 2008 and currently has just over 2 million members. As you can probably gather from the forum’s full name (Frugal Living: Waste Less, Gain More!), the community is focused on discussions around saving money and making do with less. 

Popular topics discussed in the r/Frugal subreddit include:

Strategies for extreme budgeting, saving, and paying down debts.

Ideas for frugal eating, entertaining, home maintenance, hobbies, fashion, and more. This is a great subreddit if you’re looking for ideas and advice to help you stretch your dollar.

Best affordable, no-exam life insurance

Some of the best tips in the /Frugal subreddit include:

9. Sleep on non-essential purchases before buying

Sleep on purchases before buying

10. Get cheap protein from soy to slash your food budget

11. Save change and small bills to bolster your emergency savings

12. Don’t mistake an expensive date with a good date

r/ Simple Living – Live Better with Less

The r/SimpleLiving subreddit was started in 2009 and has more than half a million community members who talk about different ways of simplifying their lives in order to live more affordably. Some of the more common themes include stretching one's paycheck, wanting to be full-time or part-time stay at home parent, how to reach financial independence, or simply wanting to be able to work at a job they love even if it doesn’t pay extremely well.

Popular topics discussed in the r/SimpleLiving subreddit include discussions around budgeting, downsizing, and changing your mindset to accept that you don’t always need “more” to feel successful.

Some of the best tips found in the /SimpleLiving subreddit include:

13. Consider how much money you spend on your living space and consider downsizing to slash your expenses

14. Think critically about your purchases and buy items that will make it easier to live simply with less waste

15. How to determine how much money you truly need to live simply

How much do you need to live simply?

r/ Financial Planning: Personal Finance, Frugality, Money, and More!

The r/FinancialPlanning subreddit was created in 2009. With over 400,000 members, it’s a lively community where you can learn or share about investing, personal finance, and growing wealth.

Popular topics on the r/FinancialPlanning subreddit include how to improve credit, advice for first-time home buyers, improving your financial portfolio, selling a home, budgeting, insurance, frugality, and the best places to grow your money.

Some of the best tips found in the r/FinancialPlanning subreddit include:

16. How to pay off credit card debt

17. Steps to improve financial standing

How to improve finances


Created in 2012, the r/Retirement subreddit has just over 16,000 members and one moderator. It’s a small but active community that discusses all aspects of retiring from funding 401k/IRA accounts to maximizing income in retirement.

Contributors chat about topics like long-term care insurance, Social Security, how to spend money during retirement, selecting the right funds, and how to find a good financial planner.

Some of the best tips found in the r/Retirement subreddit include:

18. You don't have to be a millionaire to retire

19. Planning to retire? Consider this advice

Retirement advice

20. Retirement like divorce?


Reddit is a wealth of information that is often quite useful — whether anecdotes from everyday people, experts, references to other published articles and more.

What is Reddit?

Reddit is a collection of online forums where users post content. This content can consist of links, photos, and videos that someone wants to share, or it can be original content in the form of text, Q&As, etc.

What are subreddits?

Subreddits are individual communities found on Reddit which are dedicated to specific topics or types of content. Subreddits can be very broad or they can be highly targeted. founder Emma Johnson is an award-winning business journalist, activist, author and expert. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, Elle, O, The Oprah Magazine. Winner of Parents magazine’s “Best of the Web” and a New York Observer “Most Eligible New Yorker," her #1 bestseller, The Kickass Single Mom (Penguin), was a New York Post Must Read. As an expert on divorce and gender, Emma presented at the United Nations Summit for Gender Equality and multiple state legislature hearings. More about Emma's credentials.

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