SoFi Blog

Tips and news—
for your financial moves.

Seeking Advice From Siblings on Student Debt

As the American student debt crisis looms, more and more families are being burdened. For 2018 graduates, the average student loan debt was $28,500 . So, while it may seem like you’re alone in dealing with your debt and you may feel like you are facing a lifetime of anxiety, know that 60% of student loan borrowers expect to pay off their student loan debt in their forties .

As with any difficult situation, it is important to have people to talk to. Financial advisors are helpful, but family and friends can also provide crucial support and guidance.

Read more
pregnant woman

Affordable Babymoon Ideas & How to Pay for Your Trip

Congratulations, you’re having a baby! Soon, your entire life will be filled with baby bottles, diapers, and … so many sleepless nights. Before you welcome a new life into the world, your to-do list will likely keep expanding.

From preparing the nursery and assembling a crib to creating a birth plan and baby-proofing the house, there is a lot to take care of. And we know it can be completely exhausting. While you are hustling to get everything ready before you bring your little one home, you might want to take a minute to slow down and enjoy this process. One way parents are doing this is by celebrating with a babymoon.

A babymoon is an excursion you go on with your significant other just before the birth or adoption of your child. It’s a time to kick back and relax just one last time. Sure, this trip sounds like another expensive baby-related item, but it doesn’t have to be. Here are a few ideas on how to plan, where to go, and ways to finance your last getaway as a twosome without going overboard on the budget.

Read more
4th of July drinks

Budget-Friendly Fourth of July Party Ideas

As darkness falls on the Fourth of July, Americans around the country gather to watch vibrant fireworks displays commemorating the patriotic holiday. But before the fireworks illuminate the night skies, Independence Day celebrations like backyard barbecues, pool parties, and parades will take center stage.

Hosting a party can get expensive, but we’ve compiled a list of Fourth of July party ideas that might keep your budget in check so you can still enjoy the summer fun.

Read more
cryptocurrency on blue background

An Early Look at Facebook’s Cryptocurrency Libra

Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, and involve a high degree of risk. For more information, see FINRA , SEC , and CFPB public advisories concerning digital asset risk.

Facebook is no stranger to mixing it up—and making headlines. First, they dropped the word “the” from their name to go from “the Facebook ” to just Facebook.

They then created the timeline, and put the algorithm through change after change, which probably led to at least one person you know to post a message about how they hoped it would somehow go back to how it used to be.

They bought Instagram and a VR company and put Farmville requests into countless American homes and mobile devices. Now they’re looking to make waves again with Libra.

You might be thinking that Libra is a new social media platform, a hot new unicorn startup acquisition, or a codename for a killer new feature.

It’s none of those things. It’s actually the big blue thumb’s first foray into the world of cryptocurrency. Yep, Facebook, that very same Facebook, now has its very own altcoin and they announced it Tuesday, June 18 with a whitepaper called “An Introduction to Libra .”

Read more

A Look at the Slack IPO

Slack Technologies, Inc. is a game-changing and familiar company that’s been making waves around Silicon Valley and across the globe. With that, it’s no surprise that their upcoming IPO is cause for some buzz in the investment world.

Some of you might even be logged into Slack right now. If you’re not already familiar with the company, it provides a cloud-based messaging and file-sharing service that facilitates workplace collaboration. You can think of it as a hub that replaces email.

Anyone that’s ever worked on a project with a team of people while at work knows that email doesn’t always get the job done. Email is one-sided, and conversations can become buried under the pile of junk that constantly pollutes our inboxes. And most importantly, it is not conducive to a fluid conversation between a group of people.

The need for such a service was clearly there. Slack filled that void and has subsequently seen success, and is now taking the company public.

Read more
TLS 1.2 Encrypted
Equal Housing Lender