SoFi Blog

Tips and news—
for your financial moves.

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How to Book an Affordable Vacation This Summer

Ready for a summer escape? If you’re daydreaming about getting away this summer but are trying to avoid racking up a crazy travel bill, fear not. Whether you’re in the market for an affordable family vacation or want to see the world solo, here are some tips and tricks that could help you book an affordable vacation this year.

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Should You Cut Up Your Credit Cards?

Credit cards and credit card debt are popular, real popular—and not in an enviable sort of way. You might even be dealing with some credit card debt of your own. Maybe you signed up for a credit card in college and it still has a balance hanging around. Maybe you had an emergency repair on the car and had to put it on a card. Or maybe you couldn’t resist that one really, really good sale. You’re not alone.

The typical American household carries nearly $7,000 in credit card debt and nearly half of all Americans have credit card debt.

With so many of us carrying those cards, and that debt, it’s not surprising that folks have tried extreme tactics to stop using them as a way to deal with the balances and interest rates that can make credit card debt so hard to pay off.

But before you begin slicing up those plastic playthings, read on for a few other ideas.

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How to Deal with a Friend Who Talks Finances

The cultural taboo around talking about money can make it tough to deal with friends who constantly like to bring it up. They may make you cringe with questions about how much you paid for something, how much you make, or maybe they constantly let you know what they dropped on new clothes or tech gear. Here’s a look at how to fend off uncomfortable money conversations—and have some productive ones as well.

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Capitol in Washington, DC

Inside The Secure Act: New Retirement Legislation

If you’ve followed Congress even casually over the past few years, you’re probably aware that there isn’t much that flows through the House of Representatives or the Senate with overwhelming bipartisan support.

On Thursday, May 16 the House defied expectations, and their recent track record, by passing the SECURE act by an overwhelming 417-3 . True to form, though, the SECURE act stands for the “Setting Every Community Up for Retirement Enhancement Act of 2019”.

If the Senate and House agree on the bill as it stands now, it could end up being a big deal that changes the way lots of people save for retirement, invest in 401(k)s, IRAs, and other retirement accounts, and even the way they tackle student loan debt.

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bride and groom showing their feet

Who Pays for the Wedding?

The decision for who pays for the wedding is not something to gloss over. Seriously, in this day and age, it’s all over the map, and is ultimately up to the happy couple and their families.

In other words, keeping your expectations in check until you’ve heard from everyone involved is probably wise. Your parents may not be prepared to pony up nearly as much as you thought. And your friends may balk if you expect them to pay for formalwear, too many parties, or travel for a destination wedding.

Times are changing. Turns out, the average bride and groom in the U.S. pay almost as much toward their wedding expenses (41%) as the bride’s parents do (45%).

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