CNBC Select rounds up five free online personal finance groups to help you get better at borrowing, spending, saving and investing money
In moments of financial volatility, like the current economic downturn, it’s natural to start thinking more carefully about how you manage your money. Once, you may have felt financially secure, now you could be having second thoughts about how you’re planning for the future and saving money for unexpected events.
Whether you’re just learning how to budget, starting to save for an emergency fund or trying to make a plan to pay down your debt, sometimes it’s helpful to get support so you can meet your goals. Luckily, there are free online platforms and communities designed for people in every kind of financial situation. These groups and pages can be easily found, followed and/or joined via social media platforms and on the web.
CNBC highlights 5 resources that could help you manage your finances.
Reddit | Has a variety of subreddits that cover just about every topic, including credit cards, credit repair, investing, poverty finance and personal finance.
Financial Common Cents | Financial Common Sense Facebook Group has 82,000 members and is perfect for those who want to improve their credit score, get out of debt and start saving for the future.
Bravely | Kara Perez breaks down what she calls, “feminist economics” and offers a variety of resources to help you manage your money and align your spending with your values.
The Bogleheads Forum | Named after Vanguard founder and investor, John Bogle, the term “Bogleheads” is the title adopted by many investing enthusiasts. Similar to Reddit, this forum features a wide selection of topics, the primary focus being investing. If you’re looking to be a fly on the wall among long-time investors or to find others at your experience level, this is a one-stop shop to make you excited about the stock market.
Your Money Your Life | this Facebook group is NPR’s online community for people who want to start saving. “Your Money And Your Life” series and provides readers a place to discuss how finances intermingle with current events, politics, daily news and everyday life. Members discuss a range of money topics such as car buying, retirement planning, family planning and career moves with nearly 54,000 other money enthusiasts.
Source: Article courtesy of CNBC Select.