SoFi Blog

Tips and news—
for your financial moves.

man in interview waiting room

Highest Paying Jobs Out of College

The term “entry-level job” might bring to mind dingy cubicles, fetching coffee, long hours, or a small paycheck. However, depending on your degree and qualifications, this may not be the case.

With the right diploma and experience, as well as a stellar job search and interview, you could catch one of these coveted roles. A promising role right out the gate could mean financial stability, and paying off those pesky student loans sooner.

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colorful peaks

July Monthly Market Commentary

The Fed made moves, big tech got slapped and the candidates bristled.

Another month is in the books, and the more things change the more they stay the same. Stock markets seemed to climb to new heights in July while pundits continued to discount the rally and call for the next recession. Even presidential candidates got in on the doomsday predictions this month.

Just like in June, market-moving news is coming from the Fed, geopolitical tensions, and major technology companies. As the summer winds down, sit back and catch up on some highlights from July.

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Pittsburgh skyline

Most Affordable U.S. Cities to Live In

Let’s admit it, everyone loves a good deal. From a killer happy hour, to a clothing sale, saving money can be satisfying—even life changing.

So imagine saving much more than on a meal or a new outfit. Living in one of the most affordable cities in the US could mean saving across the board. That means greater financial stability, and maybe even purchasing a home of your own—sooner rather than later.

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college student with books

Should You Give Your College Freshman an Allowance?

It’s that time of year. Summer is coming to a close and that moment you have been waiting (or dreading) all season has arrived. Your baby is finally headed off to college. And while this new chapter in life is exciting for everyone, you might be asking yourself, “What is a reasonable allowance for a college student?”

Okay, maybe it’s not the first question you are asking yourself, but it’s a fair question that can run through parents’ minds. How will your child financially survive their first year of college? Will they have enough to enjoy the college experience?

The College Board reports tuition and fees for undergraduates attending an in-state, four-year college is a staggering $10,230 per year . And that’s not including room and board. Once you and your child get the cost of tuition taken care of, is there room for a college allowance?

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arts and crafts supplies

7 DIY Back to School Projects to Help Save Money

Setting your kids up for success in school involves big decisions like finding the right school for them and juggling their after-school programs with classes and family time. But there are little needs along the way, too: like school supplies to make sure that your kid is ready to take on the school day.

Back to school shopping list can easily grow out of control–backpacks, shoes, clothes, crayons, pens, notebooks and more. Theses costs can add up. For some families, this means being on the lookout for back to school savings.

Doing more DIY projects instead of buying new supplies could potentially reduce the money you spend on back to school purchases and also instill good money habits in your kids. Projects like these can help kids see that many materials can be given new life with the right creative project.

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