business casual, leather couch, coffee shop

SoFi’s February Roundup

We’re starting off this month with a focus on how to handle some of life’s unexpected positives when it comes to finances. For example, what are the best money moves to make when you inherit money? How about if you experience another type of surprise windfall?

If you were lucky enough to get a year-end bonus at the end of 2020, and you were able to sock it away as you figure out what to do with it, we have some tips for creating a spending strategy that may help you balance wants, needs, and even long-term planning.

For Your Future Good Fortune

If you’ve recently encountered a large financial windfall — say you won the lottery or a legal settlement — other considerations can come into play, such as taxes. This guide can help you better understand what planning steps may work best for your particular situation. Of course, if your windfall came from an inheritance, there’s a unique set of considerations, and these tips can help you sort through them.

For More-Income Inspiration

Of course, the scenarios above aren’t common. A lot of folks right now are still trying to figure out how to make ends meet as the pandemic drags on. If you’re looking for a way to supplement your monthly income, this guide for starting a side hustle could be helpful. It focuses on tapping skills you already have to generate more income. And if you need some other, creative ideas for ways to make money, never fear! Here are 70 ideas for making extra money every month .

If you do start a sideline business, you’ll be in good company. These celebrities all have invested in businesses other than their primary line of work. If your goal is to have a six-figure income , we’ve got an explainer for you on exactly what that means.

Want to put your money into something off the beaten path? Whiskey? Music rights? This roundup may give you ideas.

For Golden Road Trips

If you are approaching retirement, here are four things you may want to consider before making it official. If your plan is to travel, one way to cut costs is to live in a van . Retirement on the road could be fun, after all — at least for a little while.

If you do choose that option, you’ll certainly need some tunes for the road. With that, we’ll leave you with 20 country songs that offer lessons about money.

If you’re looking to get your finances in order, SoFi can help.

SoFi Checking and Savings® is a checking and savings account with no account fees—and where you can spend, save, and earn all in one place.

Also, SoFi members gain access to SoFi Relay®, where they can track all their incoming and outgoing cash, set up goals, and ensure they aren’t spending above their means.

Want to see what SoFi Checking and Savings can do for you? Check it out today.

Learn More

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
SoFi Checking and Savings
SoFi Money is a cash management account, which is a brokerage product, offered by SoFi Securities LLC, member FINRA / SIPC .

SoFi Bank Debit Card issued by The Bancorp Bank.
SoFi has partnered with Allpoint to provide consumers with ATM access at any of the 55,000+ ATMs within the Allpoint network. Consumers will not be charged a fee when using an in-network ATM, however, third party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.


All your finances.
All in one app.

SoFi QR code, Download now, scan this with your phone’s camera

All your finances.
All in one app.

App Store rating

SoFi iOS App, Download on the App Store SoFi Android App, Get it on Google Play

ABOUT SoFi SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than one million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. For more information, visit Want an easy and convenient way to manage your financial life? Get the SoFi app. For iOS and Android.

TLS 1.2 Encrypted
Equal Housing Lender