They say falling in love leads to happily ever after. But when you throw money in the mix, that ending can get complicated.
Couples frequently have issues around finances, whether it’s about budgeting, debt, spending, or simply aligning on future goals. But how they deal with those issues can be a different story. While some fight and get it all out in the open, our recent survey on the topic suggests that plenty of couples prefer to keep their money troubles under wraps—including from their partner.
After surveying over 3,300 couples across the U.S. (ages 18-45), the SoFi team dug into the details of financial infidelity, and discovered which kinds of money-related experiences can cause even the most communicative of partners to keep their other half in the dark. Just in time for Valentine’s Day, here are a few eye-openers around money, love, and pure deception.Read more
We here at SoFi couldn’t agree more—which is why we’re turning some HQ Trivia losers into winners this week. SoFi is on a mission to help people reach their financial goals, faster. To get you motivated in 2018, we’re giving up to 200 HQ losers a second chance of winning every day for five days starting on February 12th.
Here’s what you could win from SoFi: $25 in a SoFi Wealth account, and our So Money card game.Read more
The S&P 500 has fallen more than 10%. The Dow drops more than 1,000 points.
I’m sure you’ve seen the headlines about the market movements over the past few days and might be worried. That’s not surprising. If you own stocks, they may have lost some value, which doesn’t feel great.
But, let’s put this dip into perspective. In Wall Street terms, we’ve been in what’s called a “bull market” since 2009. A decline of 10% or more in a bull market—which we’ve seen in the past few days—is called a “correction.” Bull markets in the past have averaged about one correction a year. The last one we had was February of 2016, so we’ve been overdue.
But here’s something else you should know: While Wall Street traders might be panicking a bit, for the average investor, like you, there’s no cause for alarm. The economy still appears to be on solid footing if you look at things like unemployment and company earnings. And in many ways, this market dip was expected.Read more
by Bea Bischoff
It’s that time again: SoFi’s “No BS” Return on Education 2018 MBA rankings are here. Each year, we mine the data from student loan refinancing applications to figure out which MBA programs offer the best return on investment. If you’re in the process of applying for an MBA or think that an MBA might be in your future, read on. This data tells you more than which school has the best marketing department; it shows you which MBA programs are most likely to lead to a high salary—or a future with a great salary-to-debt ratio.Read more