5 Personal Finance Influencers
You Should be Following on Instagram

Personal finance is a subject that many people seem to dread and it’s no surprise with total consumer debt in America exceeding $3 trillion, (as of 2018). According to data used from the Federal Reserve Bank of New York, the average American household has nearly $7,000 in credit card debt and over $180,000 in mortgage debt, over $27,000 in vehicle debt, and more than $47,000 in student loan debt; however, debt isn’t the only aspect of personal finance that can cause people to feel overwhelmed and frustrated when it comes to finances. Even if a person doesn’t have any debt, short- and long-term savings can cause stress as well. It’s reported that 20 percent of Americans don’t save any of their annual income, and 44 percent don’t even have enough saved to cover a $400 emergency.

Whether you’re struggling to stay on top of your finances and are ready to make a change but don’t know where to start or are just looking for more tips and ideas to help you better save or put your money to best use, a great place to turn is Instagram. Although Instagram may not be the first place you think of when it comes to getting your personal finances in order, there are a number of influencers on there that you can follow to get great tips, ideas, and inspiration that will help you achieve your financial goals—here are just five of some of the greatest personal finance influencers your should be following on Instagram:

1. Dave Ramsey - @daveramsey

These days, most people think of Dave Ramsey when they think of personal finance. His popular radio show, books, and even Instagram page have helped thousands of people pay down debt and get financial freedom, allowing them to live the way they want to live and enjoy the peace of mind that comes with being debt free. One of the things that makes him so successful is that he practices what he preaches and has been exactly where his listeners and followers are, whether it be the beginning or at various points in the process.

2. The Budgetnista - @thebudgetnista

Tiffany Aliche is the financially brilliant woman behind The Budgetnista. Although she is a former schoolteacher, she has become a “financial girlfriend” to any and all who follow her on Instagram. Unlike some of the other personal finance accounts out there, The Budgetnista focuses on fostering a community in which followers not only get great advice and tips to help them achieve their financial goals, they get support and help from each other, making it easier to stay accountable and keep moving forward, even when things get tough. Better yet, The Budgetnista is free, so you don’t have to spend your hard-earned money in order to figure out the best ways to save it.

3. The Penny Hoarder - @thepennyhoarder

The Penny Hoarder is an online community dedicated to helping people better understand finances and provide them with tips to do a number of things from finding ways to make extra money and save money to get out of debt, fix credit scores, and plan for retirement, and its Instagram page is one you should be following if you want help in any of those or other personal finance areas. When you follow the Instagram page you’ll get tips on everything from how to save money on your wedding to how to calculate your retirement needs. You will even get tips on enjoying frugal date nights—it truly is an Instagram account to follow if you want to make smart financial decisions part of your overall lifestyle.

4. The Financial Diet - @thefinancialdiet

The Financial Diet account on Instagram is focused on helping you live better and smarter with the money that you have so that you can enjoy the benefits of financial freedom. A quote from one of their posts reads, “Money alone doesn’t make you happy, but it takes away the day-to-day anxiety of not knowing how you’re going to afford things…”. By following The Financial Diet on Instagram, you’ll get a plethora of quotes, tips, practical challenges, and other inspiration to help you do everything from investing smarter to saving better.

5. Budget Bytes - @budgetbytes

According to the Bureau of Labor Statistics Consumer Expenditures Report that was published in April 2019, 43 percent of money that was spent on food was spent at restaurants or on takeout. Everyone has to eat, but food doesn’t have to take up so much of your paycheck. What’s great about Budget Bytes is not only will it help you cut down on your food expenses by giving you great at-home meal ideas, lunch ideas, and ideas for food that you can freeze so that you can get more bang for your buck and help it go further, the food ideas and suggestions on there are delicious and may even make you excited to stay in and cut back on your usual weeknight takeout or your weekends out at restaurants.

What other personal finance influencers do you love following on Instagram?