5 Best Places to Get Your Personal Finance Questions Answered

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.

Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

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You probably go to friends or even your favorite search engine for personal finance advice. You’d rather not pay for it, and you want your questions answered quickly.

But have you tried question-and-answer websites?

Although they can’t beat the wisdom of certified financial planners, these five sites might just be your best bet.

5 best websites for personal finance questions

There are many unique question-and-answer platforms online. There’s a good chance that many such platforms won’t answer your personal finance questions in enough time or enough depth.

They also might not always be accurate. Crowdsourced websites allow any user to answer any question. And although these answers can be moderated — or mocked — by other users, it might be difficult to tell fact from fiction.

On sites like these, it’s imperative to hold fellow users accountable. You can do this by asking for a linked source anytime a stranger offers a response to one of your queries.

If you’re also wary of paying for expert advice using a website like JustAnswer.com, consider these five free websites. Each caters, at least in part, to users interested in popular personal finance topics. You might learn about how to save money, how to invest wisely, or how to repay student loans.

It works simply: These platforms allow you to post finance questions (or answers) for free and be notified via email when you’ve received answers.

1. Reddit

Reddit personal finance community

Unlike some of the other websites on this list, Reddit functions as a message board with distinct threads. The site’s personal finance subreddit — with its 12 million subscribers — contains categories like budgeting, credit, and debt. There’s also a subreddit with valuable discussions about student loans.

You’ll need to create an account to join the community, and that’s what Reddit is — a community. When you post a question, you’re actually starting a discussion.

There are replies to replies. A personal finance question you ask might turn into a few different questions and answers that could lead you down a better path.

Among its rules, the subreddit forbids self-promoting users, so you can be sure you’re receiving advice from a peer who’s actually trying to help. Guest experts also field finance questions.

Best use: Because of its neighborhood feel, Reddit might be best for questions specific to your situation. You’re likely to receive some sympathy and street smarts. Users often discuss their own life experiences in answers.

2. Quora

Quora personal finance questions

Quora’s personal finance feed compiles responses to finance questions. A voting system ranks responses. The feed hosts more than 69,000 questions and 1.2 million followers.

“Following” is one of the site’s unique features. It allows you to customize a Facebook-like news feed by tracking various personal finance topics. If you receive a helpful answer from a user, you can also follow them. Users like our CEO have a profile page where you can learn more about the people answering your questions.

Another benefit of asking personal finance questions here is that the site will guide you toward similar questions. If you ask about how to teach kids about money, for example, you’ll have the option of clicking on answers to questions about how to teach kids about saving or investing.

Best use: Quora might be your top choice when seeking expert advice for free. You’ll have to look past the answers provided by non-experts (expert answers will be highlighted). The site also encourages users to edit each other’s answers, increasing the likelihood that the responses you receive are accurate.

3. Yahoo! Answers

Yahoo! Answers personal finance section

Yahoo! Answers has a large user base, in part, because it was launched way back in 2005. This makes it even likelier that you’ll receive timely responses to queries posted in its personal finance section.

For comparison’s sake, newer platforms with smaller audiences like Blurtit might have higher-quality questions and answers, but they can’t catch up in quantity.

Given its sheer size, Yahoo! Answers is less intuitive, but it’s still easy to find the answers to personal finance questions you might have. The platform also has channels for taxes, investing, and real estate.

There’s less of an emphasis on expert-provided answers here. In fact, all users are encouraged to answer questions to compete for points via a scoring system. It’s designed this way to motivate users to provide the best possible answers.

Best use: Given the casual culture of Yahoo! Answers, the site might be best for quick, fact-based questions. Just make sure to ask your respondents for their sources.

4. Answers.com

Answers.com personal finance section

Touting its top-20 comScore, a measurement of a website’s reach, Answers.com offers a personal finance category that’s easy to navigate. The category boasts over 17,100 answered questions, so it’s possible yours has already been posted.

Every reader of a question’s answer is asked to help compile the “confidence score” of the respondent. It’s not a perfect way to legitimize answers, but it means well.

Answers.com also accomplishes a couple of the highlights of Quora: having clear-cut subcategories of questions and populating a list of related finance questions.

Best use: Utilize the platform’s “Ask Us Anything” search bar to see if your question has already been answered. Answers.com has an extensive library of personal finance questions and answers, so even if you don’t end up posting your query on the site, it’s worth a look.

5. Student Loan Hero support

Student Loan Hero form

We realize our calculators, tools, and content might not answer every user’s question, so we have our support form, too. Unlike some of the other sites on this list, you don’t need to create an account to ask a question. Just input your name, email address, and question before submitting.

You’ll receive an email reply from us with a response from one of our support specialists. In addition to answering your question, we might point you in the direction of a related tool or blog post.

If you think your question is a common one, consult our FAQ page first, as it contains digestible answers and recommended resources. You can also review our list of the most Googled questions about student loans.

Best use: We live and breathe personal finance, so we can help you tackle your questions. If you’d like to have a private question-and-answer session, get in touch with us. At the least, we can point toward resources to help you better manage your money.

These five websites for asking personal finance questions aren’t always about finding a single answer. Sometimes, you can take different approaches to resolve an issue. Hopefully, these websites will help you learn about your options.

Interested in refinancing student loans?

Here are the top 6 lenders of 2018!
LenderVariable APREligible Degrees 
Get real rates from up to 4 Lenders at once

Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Laurel Road.

Laurel Road Disclosures

  1. VARIABLE APR – APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes.

2 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student Loan RefinanceFixed rates from 3.999% APR to 7.804% APR (with AutoPay). Variable rates from 2.480% APR to 7.524% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.480% APR assumes current 1 month LIBOR rate of 2.07% plus 0.91% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score
  2. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)

3 Important Disclosures for CommonBond.

CommonBond Disclosures

  1. Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). The following table displays the estimated monthly payment, total interest, and Annual Percentage Rates (APR) for a $10,000 loan. The Annual Percentage Rate (APR) shown for each in-school loan product reflects the accruing interest, the effect of one-time capitalization of interest at the end of a deferment period, a 2% origination fee, and the applicable Repayment Plan. All loans are eligible for a 0.25% reduction in interest rate by agreeing to automatic payment withdrawals once in repayment, which is reflected in the interest rates and APRs displayed. Variable rates may increase after consummation. All variable rates are based on a 1-month LIBOR assumption of 2.08% effective July 25, 2018.

4 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Education Refinance Loan Rate DisclosureVariable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of August 1, 2018, the one-month LIBOR rate is 2.07%. Variable interest rates range from 2.72%-8.17% (2.72%-8.17% APR) and will fluctuate over the term of the borrower’s loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a cosigner. Fixed interest rates range from 3.50%-8.69% (3.50% – 8.69% APR) based on applicable terms, level of degree earned and presence of a cosigner. Lowest rates shown require application with a cosigner, are for eligible, creditworthy applicants with a graduate level degree, require a 5-year repayment term and include our Loyalty discount and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty and Automatic Payment Discount disclosures. The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.
  2. Federal Loan vs. Private Loan Benefits: Some federal student loans include unique benefits that the borrower may not receive with a private student loan, some of which we do not offer with the Education Refinance Loan. Borrowers should carefully review their current benefits, especially if they work in public service, are in the military, are currently on or considering income based repayment options or are concerned about a steady source of future income and would want to lower their payments at some time in the future. When the borrower refinances, they waive any current and potential future benefits of their federal loans and replace those with the benefits of the Education Refinance Loan. For more information about federal student loan benefits and federal loan consolidation, visit http://studentaid.ed.gov/. We also have several resources available to help the borrower make a decision at http://www.citizensbank.com/EdRefinance, including Should I Refinance My Student Loans? and our FAQs. Should I Refinance My Student Loans? includes a comparison of federal and private student loan benefits that we encourage the borrower to review.
  3. Citizens Bank Education Refinance Loan Eligibility: Eligible applicants may not be currently enrolled, must be in repayment of their existing student loan(s) and must make the minimum number of payments after leaving school. Primary borrowers must be a U.S. citizen, permanent resident or resident alien with a valid U.S. Social Security Number residing in the United States. Resident aliens must apply with a co-signer who is a U.S. citizen or permanent resident. The co-signer (if applicable) must be a U.S. citizen or permanent resident with a valid U.S. Social Security Number residing in the United States. For applicants who have not attained the age of majority in their state of residence, a co-signer will be required. Citizens Bank reserves the right to modify eligibility criteria at anytime. Interest rate ranges subject to change. Education Refinance Loans are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, certification of borrower’s student loan amount(s) and highest degree earned.
  4. Loyalty Discount Disclosure: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, or other student loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT and some products may have an associated cost. This discount will be reflected in the interest rate disclosed in the Loan Approval Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  5. Automatic Payment Discount Disclosure: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
  6. Co-signer Release: Borrowers may apply for co-signer release after making 36 consecutive on-time payments of principal and interest. For the purpose of the application for co-signer release, on-time payments are defined as payments received within 15 days of the due date. Interest only payments do not qualify. The borrower must meet certain credit and eligibility guidelines when applying for the co-signer release. Borrowers must complete an application for release and provide income verification documents as part of the review. Borrowers who use deferment or forbearance will need to make 36 consecutive on-time payments after reentering repayment to qualify for release. The borrower applying for co-signer release must be a U.S. citizen or permanent resident. If an application for co-signer release is denied, the borrower may not reapply for co-signer release until at least one year from the date the application for co-signer release was received. Terms and conditions apply.
  7. Average savings based on 18,113 actual customers who refinanced their federal and private student loans through our Education Refinance Loan between January 1, 2017 and December 31, 2017. The calculation is derived by averaging the monthly savings of Education Refinance Loan customers whose payments decreased after refinancing, which is calculated by taking the monthly student loan payments prior to refinancing minus the monthly student loan payments after refinancing. The borrower’s savings might vary based on the interest rates, balances and remaining repayment term of the loans they are seeking to refinance. The borrower’s overall repayment amount may be higher than the loans they are refinancing even if their monthly payments are lower.
2.57% – 5.87%Undergrad
& Graduate
Visit Earnest
2.80% – 6.38%1Undergrad
& Graduate
Visit Laurel Road
2.48% – 7.52%2Undergrad
& Graduate
Visit SoFi
2.47% – 7.99%Undergrad
& Graduate
Visit Lendkey
2.57% – 6.65%3Undergrad
& Graduate
Visit CommonBond
2.72% – 8.17%4Undergrad
& Graduate
Visit Citizens
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.