Should You Trust Financial Advice From People On TikTok?

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In recent years, TikTok has exploded onto the social media scene, captivating millions with its short-form video content. While the platform is known for dance challenges, lip-syncing, and comedic skits, it has also become a hub for sharing a wide range of information, including financial advice. Just searching for #FinTok will provide hours and hours of content. However, when it comes to matters as crucial as managing your finances, the question arises: Can you trust financial advice from TikTok?

As a non-profit credit counseling agency committed to empowering individuals with sound financial knowledge, we understand the importance of seeking reliable guidance in today’s digital age. Let’s delve into the pros and cons of trusting financial advice on TikTok to help you make informed decisions about your financial well-being.

The Pros:

  1. Accessibility: TikTok makes financial advice easily accessible to a diverse audience, including younger generations who might not actively seek out traditional financial resources. The platform’s user-friendly interface and short video format offer quick, digestible insights into various financial topics.
  2. Diverse Perspectives: TikTok boasts a vast community of creators from different backgrounds, professions, and areas of expertise. This diversity can provide a range of perspectives on financial matters, offering viewers multiple viewpoints to consider when making financial decisions.
  3. Engaging Content: Unlike traditional finance resources, TikTok’s engaging content often simplifies complex financial concepts through creative visuals, storytelling, and humor. This approach can make financial education more enjoyable and relatable, especially for those who find traditional finance materials dry or intimidating.

The Cons:

  1. Lack of Credentials: Unlike certified financial professionals, many TikTok creators offering financial advice may lack formal credentials or qualifications. While some creators may possess genuine expertise, others may provide misleading or inaccurate information, potentially leading viewers astray.
  2. Oversimplification: Due to TikTok’s short video format, creators often condense financial advice into bite-sized segments, which may oversimplify complex financial topics. While brevity can be beneficial for accessibility, it may also gloss over crucial details or nuances, leaving viewers with incomplete information.
  3. Influence of Trends: TikTok’s algorithm-driven content recommendations may prioritize trending topics or viral financial “hacks,” regardless of their soundness or suitability for individual financial situations. This emphasis on popularity over reliability could lead viewers to adopt financial strategies based on fleeting trends rather than long-term financial principles.

Navigating Financial Advice On TikTok:

  1. Verify the Source: Before implementing any financial advice from TikTok, take the time to research the creator’s background, credentials, and expertise. Look for reputable sources, such as certified financial planners, economists, or reputable financial institutions.
  2. Consider the Context: Recognize that financial advice on TikTok is often tailored to a broad audience and may not account for your specific financial circumstances. Consider consulting with a professional who can provide personalized guidance based on your unique financial goals, needs, and risk tolerance.
  3. Exercise Caution with Trends: While it’s tempting to jump on the latest financial trend, approach viral financial advice with a healthy dose of skepticism. Evaluate whether the advice aligns with established financial principles and consider its potential risks and consequences before taking action.
  4. Seek Comprehensive Education: Use TikTok as a supplement to, rather than a replacement for, comprehensive financial education. Explore a variety of reputable sources, such as financial literacy websites, books, podcasts, and non-profit credit counseling agencies, to deepen your understanding of financial concepts and strategies.


While TikTok can serve as a valuable platform for accessing financial advice and education, viewers should approach content with caution and discernment. By verifying the source, considering the context, exercising caution with trends, and seeking comprehensive education, viewers can make informed decisions about their finances and avoid potential pitfalls. Remember, your financial well-being is too important to leave to chance – always verify the financial advice you encounter on TikTok and beyond.



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Disclaimer: The information provided is for informational purposes only. The materials are general in nature, are not offered as advice or guarantee, and should not be relied upon without advice from an attorney or a financial advisor. Reading the information does not constitute a legal contract, consulting, or any other relationship with Advantage Credit Counseling Service.
Author: Lauralynn Mangis
Lauralynn is the Online Marketing Specialist for AdvantageCCS. She is married and has two young daughters. She enjoys writing, reading, hiking, cooking, video games, sewing, and gardening. Lauralynn has a degree in Multimedia Technologies from Pittsburgh Technical College.