Opinion: Should you take money advice from Reddit?

The r/personalfinance subreddit has 14.6 million members, many of whom share and request money advice. If you plan to follow money advice from Reddit, first double-check the advice through other sources. — AP

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.