There Is a New Subreddit for People Trying to Make Ends Meet
One of the problems with covering personal finance is that the tips and tricks recommended by most experts only make sense for a specific group of people: those with some disposable income and likely upward mobility. Sure, you can write about how to deal with setbacks and how big an emergency fund should be, but the standard advice isn’t for everyone.
How to Apply for SNAP Benefits – The need for side labor not only to make a little extra money, but also to survive – these topics can often feel taboo, especially if they are covered in a publication or website that does not has a supportive community. A new subreddit, r / poverty , grew out of the r / personalfinance blog to fill this space.
“The goal here is to help anyone with little respite get to a place where they have stability, comfort, contingencies, and perhaps even a little luxury,” the website says . Its goal is to help people learn to live within their means, cut costs and reduce debt.
It’s brand new, so it still defines what exactly will be reviewed, but it’s already filled with tons of messages from people who want to genuinely help each other, such as this post about company calls you use twice a year (which we we wrote earlier ) and this discussion of Fortune Cliff.
The main personal finance subreddit itself is full of great information and talk about money, but it tends to involve some basic knowledge and fluency in topics like budgeting and investing. If you’re a beginner or trying to make ends meet, r / poverty can be an invaluable resource.