Personal Finance

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Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

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[AskFinance] Which type of content would you like to see? (discuss.tchncs.de)

submitted 1 year ago by [email protected] to c/[email protected]

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Hello everyone,

I would like to keep this community active, as it is probably a topic everyone is interested in.

However one of the main issues I have is that back on Reddit, most of the content was about people sharing personal stories/concerns with their financial situation. Not really something that easy to emulate as we have a much smaller group of people.

Is there any other type of content you would like to see? I sometimes feel like personal finance strategies are usually detailed well enough in the various wikis (we might want to copy Reddit's one at some point, but for the time being, I guess just go back there).

Should we orient it more like an open question community with things such as "what is the best change you made in your investment strategy?" "what do you always plurge on beyond reason?"

Feel free to share your opinion!

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[–] [email protected] 11 points 1 year ago (2 children)

I think what's important is to have content that helps people become financially literate, no matter where they are starting from. In the US at least, high schools are in the midst of curriculum battles over social issues, so that the basic concepts of financial literacy rarely get covered.

So, some people here might need help figuring out the optimal investment balance in their after-tax portfolios, while others may need help making a basic budget and figuring out how to pay down their student loans. We need to make room for all of those.

If we have the capability to start a Wiki, it should have some basic topics there that most people encounter at one point or another. How loans work, how insurance works, what's the process to buy a car or a house, how to budget to pay off high interest debt. A lot of this advice is region-specific.

[–] [email protected] 5 points 1 year ago

This is exactly right! Financial literacy is something that is so sorely needed and not taught in (US) schools widely. I think it would be cool to highlight “different schools” or approaches - Dave Ramsey / Envelopes / YNAB and whatever else has worked for people to gain traction and get ahead of the paycheck to paycheck cycle. Then some beginner investment strategies for those that have had some success getting out of debt.

Just my two cents.

[–] [email protected] 4 points 1 year ago

Love this idea! Using the community to actually educate about personal finance wound be great