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: