When it comes to your personal finances, knowledge is power. Knowing how to handle your money should be one of your main concerns. If you know how to manage your finances properly, you can prevent yourself from falling behind, and you may even be able to accumulate some extra wealth as well. While learning from your mistakes is one of the best ways to become smarter, you do not need to be losing your precious money to develop personal financial literacy.
Unfortunately, one of the flaws of the education system is that it skips over many important aspects of your money. Unless you had a parent, older sibling, or another mentor, you might not have learned the importance of financial literacy, such as saving your money, budgeting, or what a credit score is. Your personal finances can be an overwhelming and stressful thing to worry about, especially if you are confused about what you are doing.
Thankfully, there is an unbelievable amount of information at our fingertips that we can access for free. If you are confused about your finances, thousands of personal finance resources can answer your most simple questions to your most complex issues. Instead of learning by trial and error and costing yourself money, you can access these sources and become savvy with your money yourself.
Because there are so many resources, it can be challenging to know where to start. Are you an absolute beginner? Are you a visual learner and prefer reading or do you prefer listening to things like podcasts and audiobooks? Wherever level you are at or whatever you prefer, we are going to dive into all sorts of personal finance resources so you can be on your way to becoming a personal finance wizard.
Mint is one of our favorite budgeting apps of 2020. It provides free personal finance software and allows you to create a financial plan based on your bank account and track your spending habits. Mint provides everything from definitions and explanations of finance terms you might not be familiar with. Likewise, Mint gives information and advice on financial goals and spending, like building emergency savings, knowing how much you should be paying for rent, how to get an online side hustle, and many more.
It is also an excellent resource for relevant news and deadlines, such as taxes and FAFSA application deadlines. There are hundreds of these articles from Mint to help you be informed and control your finances.
Mint is best for those needing help budgeting, organizing, and investing their personal finances. You can also download the easy-to-use app for mobile use.
Wise Bread is a website full of advice, tips, and life hacks for anything from your finances to your shopping. While it is filled with information about many things, Wise Bread is dedicated to informing readers with basic personal finance and financial education that is easy to digest and understand.
Wise Bread has tons of categories and articles for all of your finance questions. For example, you can browse through the debt management section if you are falling behind on your payments, or you can peruse through the taxes or banking sections if that’s what you are looking for. Not sure what credit card to get or what a credit score means? Wise Bread has articles for that. The writers of Wise Bread often provide insightful advice and recommendations that can put you on the right path for any of your personal finance problems.
Wise Bread is best for those who want to live large on a small budget, and learn how to have fun while saving money.
Cash Money Life is an extremely informative website that is somewhat similar to Wise Bread. Like Wise Bread, it is full of many finance topics full of helpful information and insights to educate readers. They even have an entire section dedicated to your money management. Here, it discusses how to track your income and your expenses as well as how to bank. It also provides readers with tips on budgeting and handling debt if you have any, like a large student loan. This entire section is exceptionally comprehensive, and its insights and advice are a great place for a beginner.
Unlike the other two websites, Cash Money Life can feel a little too advanced for the typical beginner, and many of the topics can be a little frightening. If you are just beginning to dive into the world of personal finances and financial advice, topics about investing, banking, and insurance on Cash Money Life might be too overwhelming to follow. Unless you are looking for higher-level knowledge and advice, you are better off avoiding these sections and making personal finances even more confusing.
That said, Cash Money Life still has plenty of information for beginners. Aside from the great money management section, there are sections devoted to loans, making money, saving for retirement, and credit cards.
Cash Money Life is an excellent resource for personal finance education. It is best for those wanting to learn about finance topics, small business and career topics, current events, and product reviews.
Not enough time to sit down and read through pages and pages of websites? No problem. If you have a long drive to work or have the ability to listen to something while you work, you can listen to podcasts that can be very helpful to you. Let’s look at some of our picks of the best personal finance podcasts to listen to.
Brown Ambition is an excellent podcast hosted by two friends, Tiffany Aliche and Mandy Woodruff. These two are very well versed in the world of personal finance and financial planning, and they do a great job of informing their listeners. The pair talk about anything from balancing your work and personal life to refinancing your mortgage.
As well as being informative, the podcast is entertaining and lighthearted, making it fun to listen to. Tiffany and Mandy Woodruff are continually bringing in guests that have great stories to tell and the podcast is best for those wanting to stay on top of the latest personal finance news!
Dave Ramsey is arguably the most established and well-known person in the personal finance field. His website is filled with an unbelievable amount of information related to everything you could want to know about personal finance. He is the famous creator of the “7 baby steps” formula meant to help you get out of debt and be on your way to financial freedom.
Dave Ramsey’s podcast is often hosted by himself and features many co-hosts that run the show every few episodes. The episodes are about 40 minutes each and contain many different financial topics every single day. There are tons of episodes, and it can be hard to keep up with, but you can choose episodes as it pertains to the specific questions or problems you have.
While the Dave Ramsey website and the Dave Ramsey Show is best for those who are more advanced in personal finance, here is still plenty of content for the typical beginner that can make listening to Dave Ramsey’s podcast episodes worth the listen.
Journey to Launch is a podcast hosted by the blogger Jamila Souffrant. Her podcast consistently features guests and stories of people finding success with their personal finances. This includes anything from paying off debt to figuring out how to make a budget to financial success. Many of these topics and guests are geared more towards the millennial and Gen Z population, making this podcast awesome to listen to if you fall into that age group. Each episode is 30 minutes to an hour in length, so you won’t find yourself getting bored with the podcast.
Jamila does a fantastic job of making very complicated and confusing financial topics into easy-to-digest material. This makes this podcast a fantastic resource for financial newbies to get started with their personal finances. She also gives excellent personal advice to her leaders on various situations and financial issues.
Topics are perfectly organized on her website (linked above), so you can find the exact website or topic you are looking for. Topics range anywhere from “single mom” and “side hustle” to “paying off debt” and “budgeting.” All in all, Journey to Launch has a great host and is recommended for financial beginners. Make sure to check it out!
So Money is a wildly popular podcast hosted by the energetic author and expert Farnoosh Torabi. She is continually diving into boring personal finance topics that she makes fun and interesting to listen to. She has been awarded as a top female podcast host, and her podcast won the Plutus Awards “Financial Podcast Award.”
Torabi dives into many topics. However, while she does talk about beginner topics often, some of her episodes and content is more geared towards an intermediate or advanced level. Despite this, you can still learn a great deal about personal finance and get great advice from one of the best female podcast hosts in the business!
Each episode, Torabi either has a guest on the podcast or dedicates the podcast’s majority to answer listeners’ questions right on the podcast. Torabi’s guests include financial personnel as well as celebrities like Queen Latifah!
So Money is best for those wanting to join a personal finance community, one where you can get your personal finance questions answered by Farnoosh herself.
Don’t like reading through formal articles or listening to podcasts? Reading blogs can be a great way to gain knowledge in an informal and easy to read manner. Blog authors often word their information in a very digestible and personal way that can make reading them easy. They are also more likely to interact with their readers than podcast hosts or formal articles, which means you might even be able to get your personal questions answered! Let’s look at our pick for some of the best personal finance blogs around.
While The Penny Hoarder seems like it's more a website than a blog, The Penny Hoarder features hundreds of blog posts about every financial topic you would ever need. The site has over 12 million viewers, so you know you are getting quality information and advice that millions of other people rely on to achieve financial freedom.
While it might sound like this blog is about saving, The Penny Hoarder is much more than that. Aside from saving, the website goes into great depth about things like debt, credit cards, credit scores, investing, insurance, and more. The Penny Hoarder is for people who want to feel empowered and make smart choices with their money. If you have a question about something financial, you can pretty well bet there is a blog on this site with an answer.
Aside from its awesome name, this website contains blog posts focused on saving you money. It is full of a list of companies that Krazy Coupon Lady can help you save money at, like Amazon and Costco.
While this blog website may not be as informative on basic personal finance topics, it is one of the best blogs to show you how to help out your savings account. Read the Krazy Coupon Lady to always stay up to date on the latest tips, coupons, and deals that can help you save money at the places you shop.
Not to toot our own horn, but we here at Possible feel like we are one of the best resources for gaining personal financial knowledge, especially for loans and credit! We’ve only been around for two years, but we are coming out with more and more content every week to educate our customers and our readers!
Possible is a company committed to providing financially fair loans to our customers and providing value by increasing our customers' scores when they pay back their loans. We are very well versed in the loan and credit space, and just as we provide value to our customers through loans, we also offer value for our customers and readers through our blog posts.
We understand personal finances can be stressful, and we want to help ease some of your stress. Take a look at our blog posts to help you make the world of personal finances understandable!