shouldiuse.io

Report

Should I Use The Penny Hoarder?

thepennyhoarder.com·Analyzed 1 day ago··Based on 10 sources

One of the largest personal finance websites in America, with millions of monthly visitors looking to make and save extra money.

Depends

Depends

This is a free personal-finance media site, not software you buy — there is nothing to purchase and no reason not to read it.

Free personal-finance media site, not a tool. Fine for tips; its recommendations are ad-driven — verify before signing up.

Confidence: Medium

2.2/5

Trustpilot rating

15 reviews

$0

Price

Free site, newsletters, and apps

Yes

Free tier

All content is free

2010

Founded

Acquired by Clearlink in 2020

Value for money4

Free to read, but monetized via affiliate pushes

Ease of use4

Simple site; Play app rated 4.9/5

Feature depth2

Articles and newsletters only; no real tools

Pros

  • Entirely free: articles, newsletters, and iOS/Android apps cost nothing.
  • Huge audience: ~6.2M Facebook followers, millions of monthly visitors.
  • Tracks class-action settlement deadlines with concrete claim dates.
  • Practical guides like freezing your credit, plus original 2025 savings research.

Cons

  • Rated just 2.2/5 on Trustpilot (15 reviews).²
  • Longtime readers say it declined after losing independence.³
  • Content funnels readers to paying partners, including dozens of auto insurers.¹
  • Not BBB accredited.

Gotchas

  • highRecommendations route to partners that pay the site; it earns when you convert.¹
  • mediumUsers report advertised earning amounts don't pan out.
  • mediumOwned by Clearlink since 2020; former readers question editorial independence.³
  • lowNo published security page; expect marketing email after newsletter sign-up.10

Best for

  • Side-hustle idea browsing
  • Beginner saving and budgeting tips
  • Class-action settlement deadline tracking

Not for

  • Anyone wanting unbiased product recommendations
  • People needing actual money-management software
  • Readers allergic to clickbait listicles
  • Sophisticated investors

Pricing

Free

$0

  • All articles and newsletters
  • Free iOS, Android, and Windows apps
  • No paid tier found

Security

No known public vulnerabilities found in the sources reviewed.

What users say

User sentiment is sharply negative: a 2.2/5 Trustpilot score and Reddit threads accusing it of misleading advice since it stopped being an independent blog.

The Penny Hoarder is a lying bitch
Reddit, r/povertyfinance
The Penny Hoarder was once an independent blog
Reddit, r/povertyfinance

Alternatives

Compare The Penny Hoarder with each alternative.

Reddit r/povertyfinance

Free peer advice on low-income saving without the affiliate funnel.

Full analysis

Based on ~20 public sources; review samples are small (15 Trustpilot reviews), and this is a media site, not software.

Sources

  1. The Penny Hoarder homepagethepennyhoarder.com
    official
  2. review
  3. review
  4. review
  5. official
  6. news
  7. review
  8. news
  9. official
  10. security

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