7 personal finance subreddits that could help you be smarter with money

Image source: Getty Images

The internet is full of resources for those looking to improve their financial habits. Reddit is a place you can go to improve your financial knowledge. There are a variety of subreddits or communities dedicated to financial matters, and they can help you make smarter financial decisions. Learn more about some of these communities:

1. r/personal finance

This is the place to go for all things personal finance. Typical discussions revolve around debt repayment, retirement planning, housing decisions, and credit. You can ask questions, discover new financial tools and learn from the experience of others.

2.r/credit cards

If you’re new to learning credit or building your credit, the r/creditcards subreddit can help. This community features lots of discussions about improving your credit score, choosing the right credit card, and responsible credit card use. It’s also a good place to go if you want to learn more about rewards credit cards.

3. r/frugal

Whether you have limited income to work or are trying to live a more budget-conscious life, r/frugal is a great community to explore. Redditors share their favorite tips on using the resources they already have to spend less on day-to-day needs.

This subreddit proves that even by making small changes in your daily life, you can save money or make your money grow.

4. r/retreat

Most of us hope we don’t have to work forever. With good retirement planning, we can predict how we will pay for future expenses when we work much less or not at all. The r/retirement subreddit is a great resource for learning retirement planning tips and finding the best way to save for your retirement years.

5.r/tax

One thing we all have to do is pay taxes. The r/tax subreddit is where you can talk about all things tax. Whether you’re looking to maximize your deductions, have a new tax situation to plan for, want to know how to take smarter tax action, or are looking for more information on recent tax laws, this is a great subreddit to spend the passing time.

6. r/financial independence

The r/financialindependence subreddit is a Reddit community focused on how to become financially independent. If you want to retire early or want to work less and still have enough money to live on, this is a great place to go to learn.

7.r/budget

If you’re new to budgeting or looking for better ways to manage your budget, the r/budget subreddit is a great resource. Here, users share tips and tricks, budgeting techniques, and budgeting apps and tools that can help you save time and budget more effectively.

If you want to improve your financial situation and change your habits, do not hesitate to use online resources. Reddit is a social media with a lot of interesting information. It’s never too late to start making changes to improve your financial future.

For additional advice, see our personal finance resources.

Alert: The highest cash back card we’ve seen now has 0% introductory APR until almost 2024

If you use the wrong credit or debit card, it could cost you dearly. Our expert loves this top pick, which features an introductory APR of 0% until nearly 2024, an insane payout rate of up to 5%, and all with no annual fee.

In fact, this map is so good that our expert even uses it personally. Click here to read our full review for free and apply in just 2 minutes.

Read our free review

We are firm believers in the Golden Rule, which is why editorial opinions are our own and have not been previously reviewed, approved or endorsed by the advertisers included. The Ascent does not cover all offers on the market. The editorial content of The Ascent is separate from the editorial content of The Motley Fool and is created by a different team of analysts. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.