SoFi Blog

Bad habits are hard to break, but good habits might be even harder to develop. And that’s especially true when it comes to personal finances. Growing your financial confidence takes time, like learning to care for a whole garden, not just a window succulent. But if you can develop good money habits now, you might thank yourself later.

For money-saving habits to take hold, you can work to develop good practices with your finances early on, and remain as consistent as possible in order to help avoid not-so-hot money habits down the road.

Establishing small, healthy habits now is a smart way to get your money organized. If you are able to incorporate at least some of these tips, you may be able to gain more confidence in your financial life.

It seems like only yesterday we were welcoming a new year. For many investors, the first half of 2019 has been a welcome sight after a bumpy 2018. And d/espite some pundits trying to discount the rally or arguing the next recession is near, markets are reaching all-time highs. June was a busy month, so sit back and catch up on some highlights.

My partner and I had been in the house not more than five minutes before I turned to our real estate agent and said this—practically yelled it.

The house was a tall, two-story affair that was almost 100-years old. I’d seen the French doors and old growth timber floors online, but they looked better in person. So, I turned to our agent and made my proclamation.

I thought she’d turn to me and yell “Sold!”, we’d high five and be able to move in the next day. But, as I’d learn over the next few weeks, buying your first house is never as easy as saying “we’ll take it.”

There’s a lot of home buying advice out there, and everyone who’s been through the process learns something different. Here are the 10 things I learned when buying my first home.

Our 20s can be such a wonderful time to learn about ourselves, bond with friends, and earn our first “real” paychecks. That said, our 20s do not come and go without their fair set of challenges. If you’re like most 20-somethings, you have plenty of mistakes under your belt—financial and otherwise.

And though it may not always seem so, that’s a good thing. Luckily, mistakes and missteps are often followed by learning and expansion.

Early in adulthood, trial and error is usually the name of the game when putting together a financial education. And while that’s great as an introduction to learning about money, there comes a time when everyone must be proactive with their money. Your mid to late 20s might be a great time for this.

While it is possible to create some guidelines on what to achieve by 30, keep in mind that everyone’s goals are going to be a little bit different because everyone’s personal financial situation is different.

For example, someone who has student loans will likely have financial goals that are different from someone who doesn’t. Therefore, you could pull from this list what makes sense for you, and amend as needed. (And none of this should be considered financial advice.)

Here are eight financial goals you might reach for before you turn 30.

The last cold snap has finally passed and you can finally go outside without a full-on puffy jacket cocooning you ankle to shoulder. Soon enough it will be summer a.k.a. backyard season.

But what if your backyard is looking a little grim? A backyard remodel can help turn even the dingiest cement patio into your own personal oasis—where you can sit back and relax by your own personal pond, or live out your Masterchef dreams with an outdoor artisan pizza oven that bakes the crispest crusts on the block.

A backyard remodel is also a great way to bring an outdated home into the modern era without worrying about removing walls or making structural changes to the interior of your home. Adding modern landscaping can take a 70’s home from drab to fab faster than you can say “lawn flamingo.”

And depending on the extent of the remodel, updating your backyard could also be cheaper than interior home renovations. A backyard remodel could also potentially increase the value of your home, which means that putting some work into your yard now might help maximize the amount you can sell the home for later.

Here’s what you need to know about backyard remodeling before you start peeping new raised flower beds for behind the pool.