SoFi is committed to fighting racism, standing in solidarity with all of our communities, providing space for open dialogue, as well as taking action as informed allies. We are donating $1 million to organizations that empower people of color and their allies.
‘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.
As 2019 comes to a close, we are eager to look back on the year and see how our members fared financially. From paying off student loans to getting started with investing, we found that members really focused on building their financial health this year—and they achieved a number of milestones along the way.
To really dig into the specifics, we surveyed over 1,000 SoFi members and 1,000 general consumers (ages 24-73)1 across the U.S. to get their insights on how they did financially in 2019, the key financial trends of the year, and the financial goals they hope to achieve in 2020.
In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more. Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.
With the holidays right around the corner, the market continues to move upwards in the face of major geopolitical headlines and seemingly endless predictions of the next great downturn. October included some major news on stories we have been tracking for several months along with some new updates as companies announced earnings. As you recover from the sugar high after eating all of your kids’ candy (maybe that’s just me…), sit back and catch up on some highlights from October.
In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more.
Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would also support our members (like now!), but we will be transparent about it when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.
On September 25, 2019, SoFi headed to Washington DC as part of the DebtFreeTaxFree Coalition, where like-minded organizations expressed support for House of Representatives bill, H.R. 1043 / Senate bill, S. 460 . Because these bills are so similar, support was being given to either/or, with SoFi’s general counsel Rob Lavet serving as our Capitol Hill representative.
Organizations met with 21 Congressional offices that day, meeting seven Congress members directly, to share stories about how this legislation could positively impact people in the United States who have student loan debt.
On that day, three more members of the House added their support and signatures to the H.R. bill—with more signing after that day—bringing the total number of signatures to 189 on the House bill and 46 on the Senate bill, making it a total of 235 members of Congress who support one of these bills.
Did you know that if you don’t negotiate your salary you could be missing out on up to $1 million dollars over a 45 year career?1
Last year, we introduced Get That Raise—an initiative that empowers our members to go out and ask for the money they deserve, while equipping them with the tools and resources to be prepared and have informed conversations with their managers.
This year, we’re expanding on our initiative to discuss why it’s important to go out and ask and stop leaving money on the table. We’re excited to partner with Allyson Felix, the most decorated Track and Field Olympian, who lived this experience firsthand.
Career tips, money advice, workplace trends, and more.
Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, reside in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .