The first rule of personal finance is to spend less than you make in order to save. However, making financial decisions and lifestyle changes that impact your future can be overwhelming. This is especially true if you do not feel well informed or have never been taught. If you are feeling out of your depth, here are some of the best online forums about saving money. Not only will they point you in the right direction, but they will also provide community support to help you achieve your financial goals.
Best Online Forums About Saving Money
Finance Goal 1: Budgeting to Save Money
The Frugal Village is one of the best online forums about saving money and budgeting. You can delve into topics about how to transform your lifestyle and spending habits. The forum allows you to browse through dedicated topics and blogs or read up on the latest savings challenges. You can even join other members in taking on one of them with the support of the entire forum behind you. It offers motivation and advice to keep on the right track.
Finance Goal 2: Building Your Savings
Tip Yourself Savings App
One frequent piece of advice about budgeting is cutting out unnecessary daily expenses. While this is solid advice, it can be difficult to maintain discipline to build your saving. However, the Tip Yourself app creates a fun way to save money by making it into a game of sorts. Instead of buying morning coffee or splurging on things you don’t need, the apps allows you to pay yourself instead. You can watch your money accumulate in your personal tip jar and encourage others who are doing the same. It is a fun and alternative way to spur your savings plan into high gear.
Finance Goal 3: Paying Off Debt
Money Savings Expert
This is a very diverse and active forum that covers many financial topics. In particular, their Debt Free Wannabe has a wealth of knowledge aimed to help you pay down your debts. When you join this community, you become part of a network of like-minded people all working towards the same goal. When you have the support of an entire community, it makes the overall task of reducing debt less daunting.
Finance Goal 4: Saving Money for Retirement and Investing
Morningstar has a longstanding reputation as an excellent tool for investment research. Furthermore, the site’s rating system for stocks and mutual funds is universally known and utilized among the investing community. Not only is it a free research tool, but it is an excellent starting point for anyone who wants to learn more about investing strategies and the stock market. While you should seek out several sources, Morningstar is a prime resource to assist you with making major investment decisions.
This oddly named forum takes its name from the founder of Vanguard, Jack Bogle. Bogleheads forums provide information and advice about long-term passive income. You can peruse through their quick links to read about trending topics or create your own threads. It is a convenient resource when making decisions about balancing your portfolio and allocating your assets.
General Advice Forums About Saving Money
Reddit – Personal Finance
When it comes to common sense advice on a broad range of topics, there is no better place than Reddit. You quickly receive down-to-earth advice in their friendly forums. This holds true even with the Reddit – Personal Finance forums. After you post your question, others who have expertise or experience with your specific situation will contribute helpful tips. While it may not be the first site you think of for financial advice, community members are very helpful in getting you the information you need.