REDDIT PERSONAL FINANCE HOW TO
Read my guide to learn how to build a budget worksheet and set financial goals. Lastly, a budget allows you to set a goal and track it from month to month. So the first step of your finance journey should be to create a budget.Ī budget also enables you to reduce expenses as you identify where you are overspending. You can’t manage your money unless you know where it’s going.Ī budget helps you understand the inflows and outflows of cash. Step 0: Make a Budget, Reduce Expenses, and Set Goals Let’s go over six steps below, and you can read more in the links provided.
This six-step plan is so comprehensive that if you master this, you are 80% complete in taking control of your money. The six-step plan first distributed on Reddit in 2014 by user /u/BrainSturgeon It’s vital that you learn when to use Reddit and when to avoid it. The mob effect of social lynching without due process is scary. Of course, Reddit isn’t always useful or positive. Anonymity creates bullies. As a result, Reddit users often share their deepest, darkest secrets without pretense.
With certain exceptions (like a celebrity doing an AMA), Reddit users are always anonymous.Īnonymity allows more people to say the truth because there’s no need to promote or exaggerate in order to sell or to maintain a brand. This minimizes the number of fakes news becoming popular on Reddit, precisely the opposite of what is happening with Facebook and Twitter. Popularity on Reddit requires the content to be BOTH interesting and NOT controversial because it must gather the most number of lovers and the least amount of haters. Reddit measures popularity NOT by its virality – and that’s a good thing. Popular content on Reddit has not only the most number of upvotes but also the least number of downvotes. Unlike other social media platforms (Facebook, Twitter), Reddit users can both upvote AND downvote content.
Around 9/2016, Reddit overtook CNN and Fox News in search volume.
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