SoFi Blog

Tips and news—
for your financial moves.

Millions of Dollars Are Lost Every Year to Employee Financial Stress

Is financial stress keeping your employees up at night? If your employees are highly educated, they probably have student loans. Lots of student loans. That debt, along with other money worries, could mean they’re suffering from financial stress—and that anxiety can cost your business big bucks.

ING U.S. Inc. (now Voya Financial Inc.) reported in early 2014 that employee financial stress costs businesses an average of $5,000 per employee, per year. The good news: it’s now easier than ever to help employees struggling with financial stress. Welcome to a new era of financial wellness programs and benefits that truly make a difference in employee performance and productivity.

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Ready for a Vacation? How to Use Credit Card Rewards to Travel for Less

When you work hard, you want to play hard. We get it. You deserve to enjoy the finer things in life, and you can have them—you just have to be smart and strategic with your spending. Sticking to a budget while saving toward financial goals doesn’t mean you can’t splurge a little. In this, our second story in a series on spending hacks, we continue to help you figure it all out. With some savvy tweaks and an eye for planning ahead, you can have what you want.

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5 Questions to Help You Identify the Right Side Hustle

We’re now in the so-called “gig economy,” where many people juggle multiple income streams. Side hustles—everything from teaching hip-hop dance on the weekends to selling leg warmers for chairs on Etsy—abound. While it’s difficult to quantify the exact number of contingent workers, it’s estimated that millions of Americans participate in the gig economy. These gigs not only bring in extra cash to help pay off debt or save for the future, but can also help you achieve your long-term career goals.

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