Google "how to save money" and you'll get 3,740,000,000 results, promising you will be able to save up for any purchase if you just give them a click and scroll through their ads. Oops, I mean, text. Move over Jerome Powell, nowadays even teenage TikTokers are experts on macro and micro economy. Or are they?

The members of the subreddit Poverty Finance: Personal Finance For The Financially Challenged don't think so. And when you look at their content, it becomes pretty difficult to disagree with them. These Redditors share actual financial advice, frugality tips, stories, opportunities, and general guidance for people who are struggling financially. Oh, and they also torch pseudo financial gurus, burning their out-of-touch content to a crisp. My favorite.

So this time, as an introduction to the online community, we'll focus on the jokes and memes they've collected since getting together in 2018.

#1

Being Poor Is A Choice? If You Play By The Rules You'll Be Safe? Really? Tell That To Him

Being Poor Is A Choice? If You Play By The Rules You'll Be Safe? Really? Tell That To Him

OpeningCredit Report

Donna Watt
Community Member
2 months ago

I agree totally

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A huge part of this community's charm is its inclusivity. "Much of the financial advice online and on Reddit is aimed at people who have varying degrees of disposable income, ability to invest, lots of free time, available transportation, no kids, a partner, access to credit, and beyond," the people running the subreddit write in its 'About' section.

"This is a place for people who do not have a lot, nor ideal circumstances, to help each other get by and hopefully move up in the world."

#2

Being Poor Is Expensive

Being Poor Is Expensive

rohantalbot Report

the child
Community Member
2 months ago

terry pratchett is such a good author

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#3

What A Lot Of "Frugal Bloggers" Don't Realize

What A Lot Of "Frugal Bloggers" Don't Realize

_lizharvey , twitter.com Report

Alex Luiz
Community Member
2 months ago

So true! Every time I read an article about saving money, I am already doing all of those things because I am poor.

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As of this publication, it has 847K members and if you relate to Poverty Finance's content, we suggest you join them too. "You do not have to be absolutely destitute to be here. Whether you are a single parent only pulling 10K a year, or a single person trying to get past student loans at 28K, you are welcome here," the moderators say.

"The goal here is to help anyone who doesn't have a lot of breathing room get to a place where they have stability, comfort, contingency, and maybe even a little luxury."

#4

So True It Hurts

So True It Hurts

crazyjuice__ , twitter.com Report

Abhinc
Community Member
2 months ago

isn't it kinda disgusting that during lockdown and pandemic billionaire's wealth increased by more than 900 bilion dollars when so many people lost their jobs and houses ???

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#5

Just A Holiday Reminder

Just A Holiday Reminder

GxldSociety Report

Otter
Community Member
2 months ago

That's how I think about unnecessary purchases. "Well, this coat will cost me three days work", or renting a movie will cost five minutes work, or and a possible vacation will cost two weeks work or whatever. Thinking about whether an item is worth the amount of work put into buying it really puts things into perspective!

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We contacted the moderator team and one of them was kind enough to spare their morning break for us. Regarding the content on the subreddit, they told Bored Panda: "There are fewer themes and more cyclical subject matters that come up depending upon the time of the year and the current economic and social ongoings. Right this moment, questions about housing, the moratoriums, how to get an apartment with low credit, or whether even buying a house is within the budget of those who fit within the national and international descriptions of low income/poverty line."

As an example, the moderator took us back a few months ago when there were many questions regarding the Emergency Broadband Benefit program issued by the government. But with fall fast approaching, they think the subreddit will soon see questions about how to get supplies for students and questions on how to qualify for free or reduced lunches at school."

#6

Had A Good Laugh At This

Had A Good Laugh At This

YoungFunE Report

V Martinez
Community Member
2 months ago

Love this! I think I'll go out today and invest in some avocados. I finished my last investment (bananas), and want a change now.

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#7

*Sad Noises*

*Sad Noises*

eleanormtweets Report

TmKhr
Community Member
2 months ago

This is exactly my situation. Rent is almost 900e/month. If I somehow managed to save 4000-6000e, I could ask for a loan at the bank and buy a nice place at 120k. And pay that 500e or something a month for 25 years. But I can't save much because my pay is 1900e / month and over half goes to rent and bills.

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"Once we approach November to December, we will be fielding questions with regards to worries about being able to afford gifts for their children, how to survive the holidays if you are economically disadvantaged," they continued. "Year-round common subject matters tend to be where to find the resources for food, someone to handhold or direct on how to apply for SNAP/EBT, Section 8 Housing, the hardships of just existing in society this day and age and just looking for some emotional support from their economic peers."

According to the moderator, their community is mostly composed of those who have or are currently experiencing poverty. "Whether it's [someone who faces] generational poverty, long-term poverty, short-term poverty, or self-identify as low income for their various regions. We have those who have made it out and into the middle class but are still dealing with the after-effects of having experienced poverty short or long term and the problems that that in and of itself brings."

#8

Financial Health Is The Best Form Of Therapy

Financial Health Is The Best Form Of Therapy

caitiehannan Report

Jo Johannsen
Community Member
2 months ago

Money doesn't buy happiness, but it does buy food, housing, heat, clothing....

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#9

Can Anyone Explain Where My Starbucks Money Is Going?

Can Anyone Explain Where My Starbucks Money Is Going?

MattBellassai Report

Michelle M
Community Member
2 months ago (edited)

Not drinking enough coffee. You could be a billionaire when you're high on caffeine. Infact, you could be anything.

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Certified financial planner and frequent contributor to Forbes, Jeff Rose, agrees that there is no shortage of bad financial advice in this world. Rose finds it especially troubling when some of them become so widely spread, so championed, that people actually start blindly following them. The financial planner believes the most harmful tips are: 1. Never use credit cards; 2. Don't waste money on conveniences; 3. All debt is bad; 4. Getting a tax refund is bad; 5. Always get the 401k match; 6. Your home is your most valuable asset. Click here if you want to read Rose's thoughts on each point.

Talking about bad financial advice, the moderator of Poverty Finance thinks it has to do less with authors and influencers being out of touch and more with the fact that one size rarely fits all. "More and more people gain access to technology that's being developed to give the everyman more access over their finances and their financial future," they explained. "Things that were previously thought to be the purview of just the upper class or left to the financial professionals who knew better."

#10

Pretty Much

Pretty Much

InternetHippo Report

Abhinc
Community Member
2 months ago

and there are still people that work so hard but still have to live in their car ...

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#11

Stress

Stress

jfitzgeraldMD Report

Grumble O'Pug
Community Member
2 months ago

At least someone is getting that info to doctors

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But they wonder if it can also be a sign of gatekeeping: "Oh, you're poor? Then you have no need for financial advice, it won't benefit you or the maintenance costs made what amount you wanted to add in, too costly and pointless. You can't come up with 10k to open an investment account? They don't want to deal with you. Salary jobs usually come with a 401k, hourly jobs at McDonald's and the like generally do not, and so you're left on your own to figure it out because no one will help you."

The good thing is that technology might be starting to bridge that. "People realize that there are far more low-income and middle-income individuals with a willingness and ability to put away ten, twenty, a hundred, five hundred a month into an account. Who care about not having to work once they hit sixty-five. A neglected and overlooked economic subset who have a significant buying power en mass. But the advice isn't there from the usual places because their advice only works for the upper income. For the gross amounts of money vs the smaller amounts," the moderator added.

#12

I Know Many Of Us Are Taking Responsibility For Our Part, But...

I Know Many Of Us Are Taking Responsibility For Our Part, But...

wendi_c_thomas Report

Abhinc
Community Member
2 months ago (edited)

a decent minimum wage IS the way to go !!! i'll say it again and again because people need to realize the sad truth and stop accepting being exploited and blamed for being poor !!! the whole system is f###ed up. The federal minimum wage of $7.25 is worth $2 less today than it was in 1968 when adjusted for inflation. Today, the minimum wage, which hasn’t increased since 2009, falls short of a living wage. According to the EPI study, a full-time worker would need to earn $11.06 an hour in 2011 to keep a family of four out of poverty. Over the past 50 years, the minimum wage has seen little to no growth as worker productivity has surged. In fact, if the minimum wage kept pace with increases in worker productivity, it would now stand at $21.72 per hour. it is time for a change !!!

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#13

It’s Not That Hard

It’s Not That Hard

TheAndrewNadeau Report

Vorknkx
Community Member
2 months ago

I am devastated with guilt that I wasn't born to rich parents. What was I thinking?!?

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But the reality is a bit worrying. Financial literacy — defined as the knowledge and understanding of areas related to personal finance, money, and investing — has been in decline. In 2009, 42% of respondents were able to answer four or more questions correctly in a five-question survey on fundamental concepts of economics and personal finance. By 2018 this dropped 8 percentage points to 34%. What's even more alarming, less than one-third of adults understand three basic financial literacy topics by age 40, although many important financial decisions are made decades earlier.

Under such circumstances, (online) communities like this one might be doing society more good than we can imagine.

#14

Money Saving Tip!

Money Saving Tip!

TheBashBuzz Report

MrOwlAteMyMetalWorm.
Community Member
2 months ago (edited)

They are not everywhere.Distance costs money but the peace and books are worth more than anything. *sighs

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#15

Me, Organizing My Finances

Me, Organizing My Finances

min_mus Report

Auntriarch
Community Member
2 months ago

Snort-laugh!

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#16

To Be Honest

To Be Honest

heyzo_ Report

Konpat
Community Member
2 months ago

I come from a poor family and I am affluent now in my adult life. Boy is it fantastic to be able to buy stuff spontaneously without checking your account first! It's just such a huge relieve to not have sorrows about your financial situation. Makes a World of a difference.

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#17

I Felt That While I Laughed

I Felt That While I Laughed

savvysims Report

Andrew Gibb
Community Member
2 months ago

I'd laugh, but this isn't funny

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#18

I’ve Never Felt More Prepared

I’ve Never Felt More Prepared

SomebodysColdOne Report

Michelle M
Community Member
2 months ago

Better still, 'experienced poor'

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#19

Ain’t That The Truth

Ain’t That The Truth

angellenise Report

Legen ( wait for it ) dary
Community Member
2 months ago

That's what I say to people who say that.

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#20

Poverty Marriage

Poverty Marriage

joeygllghr Report

Bacony Cakes
Community Member
2 months ago

They had us in the first half.

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#21

One Star

One Star

pizza-bunny Report

alwaysMispelled
Community Member
2 months ago

I have never felt so seen, Lol

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See Also on Bored Panda
#22

Amirite

Amirite

AndThenChineseFooood Report

Ozacoter
Community Member
2 months ago

Or illness

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#23

Overdraft Fees Cripple People Already Struggling Financially

Overdraft Fees Cripple People Already Struggling Financially

the_razzlesnake , twitter.com Report

Lovin' Life
Community Member
2 months ago

It's just sad! It's like you're being punished for being poor.

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#24

It Never Ends

It Never Ends

emericee Report

Abhinc
Community Member
2 months ago (edited)

YES !!! blaming people instead of addressing the system is NOT the solution

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#25

It’s Almost Offensive, Right?

It’s Almost Offensive, Right?

UpYours003 Report

Trex
Community Member
2 months ago

Why do companies ask people who have significantly less $ than said company to donate? Donate your $ big companies.

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#26

Well, It's Technically A Phone Number...

Well, It's Technically A Phone Number...

thebestbobever Report

Grumble O'Pug
Community Member
2 months ago

Laughing and crying at the same time

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#27

Santa Won’t Bring Me Rent Money

Santa Won’t Bring Me Rent Money

RobbieDigital88 Report

ravina nimje
Community Member
2 months ago

Well spent money.

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#28

Big Poverty

Big Poverty

BenjaminPDixon Report

John Topper
Community Member
2 months ago

Of course there is. Nothing easier than taking advantage of someone who can't afford to fight back. It's the socioeconomic equivalent of beating up crippled people.

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#29

Finally Figured It Out

Finally Figured It Out

uhhdamn Report

DE Ray
Community Member
2 months ago

My work took out a life insurance policy on me because I was "so valuable to the company". It was for seven times what they paid me annually.

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#30

It’s Fine, I Didn’t Want To Have Fun Anyway

It’s Fine, I Didn’t Want To Have Fun Anyway

pennhardaway Report

Vorknkx
Community Member
2 months ago

And even if there is no engine ot check, something else will always pop up... like a mysterious new pain in a body part that used to work fine before.

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#31

Breaking News! Millennials Are Still Poor

Breaking News! Millennials Are Still Poor

gangbangkang Report

Konpat
Community Member
2 months ago

Duh!

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#32

Oof

Oof

Sugm4dig Report

Vasana Phong
Community Member
2 months ago

Well if you want to look on the bright side of things, we poor folks are always ready for that struggle battle, and come out of it alive until the next one comes along

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#33

Here’s How To Pay Off Your Debt

Here’s How To Pay Off Your Debt

ariel_rubinstein Report

Grumble O'Pug
Community Member
2 months ago

No moves available

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#34

Save Half Your Paycheck, Regardless Of Whatever Else You Have To Pay For, Regardless Of What You Earn, I Guess

Save Half Your Paycheck, Regardless Of Whatever Else You Have To Pay For, Regardless Of What You Earn, I Guess

Iusemyhands Report

Ozacoter
Community Member
2 months ago

Lets see. I earn 0 euros a month and need to spend minimum 90 euros/m for insurance, plus food, medicines, doctors and other expenses. How much will I have if I save -100 euros a month?

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#35

And It Also Doesn't Have Debt

And It Also Doesn't Have Debt

InAFloodplain Report

Andrew Gibb
Community Member
2 months ago

Pigeon breast cooked in a herb and cracked pepper butter, with a red wine and plum sauce reduction on a bed of sorrel leaves. And $20 to spend on drugs and alcohol.

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#36

Two Ways

Two Ways

viachicago22 Report

Alex Luiz
Community Member
2 months ago

I have just been able to retrain for a job that will pay me more, with a government grant and £10 000 of debt. I mean, I worked hard, but essentially I paid for a qualification in order to earn slightly more money, which I will now spend several years of my life working off. I do wonder if it was worth it.

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#37

This Hit Me Hard

This Hit Me Hard

bonoboalien Report

Rebekah Krause
Community Member
2 months ago

YES. Double if you have a sibling doing better than you, that your parents like better, but you’re still the retirement plan.

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#38

Game Stop Stock

Game Stop Stock

JUSTINtime4aLAF Report

Grumble O'Pug
Community Member
2 months ago

Gamestop

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#39

"Poor People Are Just Bad At Saving Money"

"Poor People Are Just Bad At Saving Money"

saul2015 Report

Lovin' Life
Community Member
2 months ago

The rich are just too good at taking poor man's money

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#40

So True

So True

nokia621 Report

Katia Wolfe
Community Member
2 months ago

There are only houses in this price range in some states. Definitely not California!

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