Sound financial advice is important, whatever your financial situation. Unless you’re so rich you don’t even have to think about money, there are always ways to reduce your expenses, spend your money more wisely, or earn some extra cash.
Although you can find a wealth of financial advice on the web, many of them can be confusing, frustrating or inaccessible. On the other hand, these personal finance YouTube channels will help you manage your money wisely.
Dave Ramsey is a well-known financial guru. He focuses on helping families become more financially disciplined in order to get out of debt. Besides writing several books, he also has a daily financial radio show that you can watch live on YouTube.
Although it might seem a bit brash at times, there’s a lot of good financial advice here. And it will be especially useful for those who really struggle to control their finances.
If you don’t have time to watch or listen to the full three-hour shows, the channel regularly posts short clips from the episodes that cover certain topics. Dave takes calls from listeners, solves interpersonal money issues, and more.
In the clip above, Dave is talking to a caller whose girlfriend is reluctant to discuss money matters with him. He examines how this could become a real problem for a couple and explains how vital money management is in a marriage.
Another caller asks Dave what she should do with a $10,000 tax refund. It’s a good illustration of Ramsey’s “Baby Steps” plan, as it looks at the best things she can do with that extra cash flow.
For more advice on personal money matters, why not listen to these podcasts that will help you get out of debt.
This channel doesn’t offer the most in-depth financial advice you’ll find, but it does offer practical advice for people who want to take a more proactive approach to their finances. It hosts three shows a week:
- make it work Thursday features video essays of success stories from real people.
- The Lifestyle Fix on Fridays looks at how to make your life better on a budget.
- The financial regime Tuesday covers general financial topics.
Although you may consider personal finance an inaccessible subject, you can break it down into smaller segments, which will help you get started. This video from The Financial Diet series presents six ways to make smart financial decisions before you even wake up.
We all know shopping on Amazon for convenience and selection. But this Lifestyle Fix video points out some products you should never buy from Amazon because you can save money buying elsewhere.
The Money Guy Show is another money-focused show that features live episodes as well as clips on all sorts of topics. You’ll find everything from rates of return to tax penalties to 401(k)s and more. The channel has a huge archive of videos to browse through, allowing you to learn the basics of many different spheres of finance.
Don’t let the low follower count fool you. If you don’t mind the show’s two-host format, there’s plenty of valuable content to ponder here.
The clip above looks at some common financial activities that you may have been tricked into thinking were smart investments, but are actually gambling with your money.
Have you ever been confused by the world of pension plans? This comprehensive video breaks down the different types of 401(k) plans so you can make an informed decision.
Speaking of low subscriber counts, TruFinancials is a criminally underrated channel. Denis does a great job of explaining financial topics in an accessible way. The tips here go way beyond what you’d expect from a smaller chain.
TruFinancials covers modest living, credit cards, bank accounts, and more.
In this clip, Denis explains how paying just $100 more per month on a student loan can dramatically reduce the amount you’ll pay over the life of the loan.
Budgeting is key to making a plan for your money and knowing where it is going. If you’re having trouble creating a budget, check out the channel’s monthly budget planner and reporting videos. He looks at his budget plan for April 2019.
Our last channel is another smaller but high quality channel full of relevant financial topics. The owner is a former engineer who tries to save as much money as possible and then share what he has learned with other people.
This video shows how you don’t need fancy clothes to impress people. Instead, a budget wardrobe and a good reputation can speak for themselves.
A bit of a meta topic is covered in this clip. BeatTheBush asks how much is really enough and how it relates to your financial life.
YouTube is just a way to better manage your money
Of course, while there’s a ton of great advice here, you should weigh the opinions of reputable sources before making any big money-related decisions. But these will at least help you start thinking more critically about your finances and making decisions to set you up for long-term financial success.
For more help with personal finance, check out these tools for people who hate managing their finances.