Millennial Money: Should you take money advice from Reddit?
Laura McMullen
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Should you take money advice from a stranger on the internet? In Reddit’s r/personalfinance channel, anonymous users exchange tips on buying homes, choosing insurance plans and managing very personal, nuanced money situations. (Think: “How do I handle my dying dad’s debts?”)
“It’s like crowdsourcing financial advice,” says Dana Eble , a public relations specialist based in Detroit, who regularly browses r/personalfinance.
If you’re not a “Redditor” like Eble, think of the site like an old-school online forum. After signing up for free, you can share text, links and photos with an anonymous username. You can also upvote, downvote or reply to other people’s content. Posts and replies with the most upvotes rise to the top.
Should you take money advice from Reddit?
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Millennial Money: Should you take money advice from Reddit?
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Should You Take Money Advice From Reddit?
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