SoFi Blog

Studies show millennial women have enormous power—when it comes to spending, that is. But what about when it comes to building wealth, like saving and investing toward the future? To figure that out, SoFi teamed up with Levo to survey 2,050 millennial women on their behaviors and motivations around financial habits, with intriguing results.

Millennials get a bad rap when it comes to personal finance. They’re often labeled as unprepared for the future or emergencies because they don’t save enough, if anything at all. However, of the women surveyed, 53% have an emergency savings fund set aside (covering three to six-plus months of housing and necessities). And they don’t just keep their money under the bed: 70% review their bank accounts at least once a week. These findings indicate millennial women are much more financially responsible than they’re given credit for, in that they are savers and have cash flow to invest.

We want to help you knock your career goals out of the park. That’s why our members get access to our brand-new SoFi Career Services, powered by Korn Ferry—a global leader in talent.

SoFi Career tools and coaching are a comprehensive career management solution personalized for you. Our members can now access the gold standard in resume, assessment and career coaching solutions—complimentary for SoFi members—a $999 retail value.

At SoFi Invest, our mission is simple: We want to help you make the smartest investment decisions possible so that you can continue on the path to your goals.

That’s why we constantly monitor the market, the economy, and your personal Invest portfolio. Each month we discuss the economy, update our forecasts based on what the market is doing, and every now and then tweak the allocations within our member portfolios. This is one of those times.

Below, we’re sharing the updates we’ve made to all five risk strategies: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive. When it comes to your investments, we always want to be transparent and keep you in the loop about adjustments that we’re making to help your money grow.

If you’ve been applying to job after job, but haven’t had many interviews, the culprit is likely your resume. Something within that document is telling hiring managers (or the automated systems that eventually lead to hiring managers) that you’re not the right fit for the role.

There are plenty of reasons to wait until the last minute to plan a vacation. You might want to save up a little more cash, wait for a great price on airfare, or see how crazy work is before booking. And spontaneous vacations can certainly feel more exciting than ones you’ve planned months in advance. One minute, you’re anticipating an uneventful weekend at home, the next, you’re throwing a swimsuit in a bag and jetting off to the beach.

But here’s a good reason you might want to rethink your planning strategy: research reveals travel’s biggest impact on your mood doesn’t kick in during the trip.