SoFi Blog

Tips and news—
for your financial moves.

A little holiday help from SoFi

Happy Holidays from SoFi!

‘Tis the season for sitting by the fire with a cup of cocoa, a warm, fuzzy blanket, and your 2020 budget.

What’s that? Getting your money right wasn’t in the plans this holiday? No worries!

We’ve put together some tips to help you ring in the New Year a bit more mindfully when it comes to your finances.

From creating realistic spending targets to budgeting tips for couples, we’re here to help turn your 2020 into 20money. So pull up a chair, grab another snickerdoodle, and enjoy our collection of festive videos below.

Read more
hands holding knit heart

Protecting Yourself From Charity Scams This Holiday Season

Giving back during the holiday season can feel really great. When you donate a portion of your hard-earned money to charitable causes such as homelessness, wildlife preservation, hunger relief, or many others, you could potentially make a positive impact on someone’s life or even the world as a whole.

In theory, the internet makes it extremely easy to donate to these causes. However, there are many organizations and individuals who prey on others’ generosity via false and/or unsecure websites.

These swindlers aim to con people into handing over funds to fake charities for personal gain. If you fall for one of these donation scams, you could run the risk of not only losing your money but also compromising your personal information.

There are many honest and reputable charities out there doing great work, but how can you tell the difference between the real and the fake? The following seven guidelines could help you identify and avoid charity scams this holiday so you can better protect your money while still giving back.

Read more
woman at desk

7 Ways To Put More Money Toward Student Loan Payments

So you thought your mac and cheese and ramen days were over? Well, maybe not quite yet.

If you’re overwhelmed by the thought of managing student loan payments for years or even decades to come, there are strategies that can help you dump that debt faster. Unfortunately, many require cutting back on your spending or finding ways to make more money.

That might not seem fair if you were thinking graduation would mark the start of a sweeter lifestyle—not more austerity. But the thing to keep in mind is that if you can pay off your loans faster, you’ll typically save money down the road.

Potentially a lot of money: trip-to-Europe, house-down-payment, let’s-get-married kind of money. And knocking down your student debt is a goal worth working toward if you like the idea of financial freedom. Here are some ways to get after it.

Read more
shadow man

Who Is Satoshi Nakamoto?

It’s Halloween 2008.

One of the enduring mysteries of technology, cryptocurrency, and the internet is about to announce himself, herself, or themselves to the world by posting a white paper to an internet mailing list for cryptography geeks.

The subject of the post is “I’ve been working on a new electronic cash system that’s fully
peer-to-peer, with no trusted third party.”

That’s it.

What follows in the body of the post is a description of what’s in the white paper and the electronic cash system it lays out for the first time. Then there’s an abstract and a link to the full paper, which all this time later is still live, and then—a signature.

Read more
woman with a book and tree

7 Personal Finance Books to Add to Your Holiday Wishlist

The holidays are quickly approaching, and though you may already have some essentials in mind, (AirPods Pro®, anyone?) it’s never a bad idea to add some finance books to your list.

Whether you’re a recent grad who’s just getting on your feet and creating your first budget or a seasoned professional planning for retirement, trying to get your finances in order can be daunting.

While there are a number of resources like apps, podcasts, and websites that could be helpful in sorting your personal finances, reading or listening to a good ol’ fashioned book (or e-book!) can help to keep you free of other digital distractions and focused on getting your finances right.

So grab your favorite flannel, here are some popular personal finance books to curl up with next to a roaring winter fire.

Read more
TLS 1.2 Encrypted
Equal Housing Lender