Combing through every nook and cranny of the internet to get valuable information on managing finances and investing can take a lot of time. Sometimes you find yourself having follow-up questions, but there’s no one to address them. Discussing your personal financial situation with an advisor might not be something you can afford yet. 

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So what do you do? Find a community. Here are the top 5 finance subreddits that will help you save time and money so you can take your finances to the next level in this evolving economy.

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Best Finance Reddit Community to Help you Boost your Knowledge

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1.      r/PersonalFinance

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Join the 17.1 million (and counting!) financial savvy members of this subreddit as you learn about the A to Zs of budgeting, saving, getting out of debt, credit, investing, and retirement planning. They have endless threads and guides about what to do with money and how to prioritize your finances. Advice and tips for different age ranges are also highlighted, so if you’re just starting out in adult life or planning for retirement, this is the first place to go.

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2.      r/Tax

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Filing taxes is always the last thing we want to do. It can be vexing and complicated if you don’t understand the know-how since taxes are different for each person. Any tax-related questions are welcomed here, especially since professional tax accountants are also part of the community. Be ready for the next tax filing season and visit Reddit’s home for tax geeks!

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3.      r/Frugal

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With this economy, fully embracing the frugal life is the most practical and sensible thing to do. The concept can have a negative connotation and be labeled as "cheap" if not understood properly, which is why r/Frugal teaches the skill of paying attention to your finances and cutting off unnecessary expenses. This community focuses on minimizing wastefulness, which, in the end, will lead to a more fulfilling life.

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4.      r/SideHustle 

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Over time, the term "side hustle" has grown increasingly well-known. What originally referred to earning some extra money outside of regular employment has evolved into a way of life for numerous individuals. If you’re one of these people, this subreddit will be your best friend. You can find tips and suggestions for the most appropriate side hustle that best fits your skills and schedule. Members also share their own success stories to inspire others to reach their financial goals by earning a quick buck on the side. Who knows, a side hustle may turn into a full-time job if it works and earns well.

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5.      r/Investing

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The world of investing might be too overwhelming and scary for some people. Filled with technical words and jargon, it can be hard to find a solid starting point. But surely there are one or two people who are in the same situation in r/Investing, as it boasts 2.1 million members. With a mix of beginners and experts, you won’t run out of people to turn to for advice.

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Find your Community

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Your journey to financial freedom can begin today with the help of these different communities, so you can start out on the right foot. Keep in mind that if you don't start, you won't get anywhere. Every small financial decision counts.

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It’s inspiring to read success stories like that of a self-proclaimed Reddit lurker who took in advice from the community, repaired their credit score, paid off their debts, took out a mortgage, and boosted their savings to 12 times their daily living expenses. Communities are truly amazing and beneficial!

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There are different communities besides Reddit that can help you build your wealth, like the Next Level Academy, which has over 5,000 students that are driven to empower themselves and engage their potential.

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Get access to a FREE masterclass now to take your investing to the next level!

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