SoFi’s March Roundup
Spring is nearly here, and along with the time change, longer days, and warmer weather that comes with it, it’s also tax season. Yeah, we’re sorry for bringing it up, but it’s important and procrastinating won’t help. If you haven’t even begun gathering your tax documents, don’t despair. These seven steps will help you feel more in control and ready to file, whether you do it yourself or hand your paperwork over to your tax preparer.
If you’re getting a refund this year, you may want to consider these helpful tips for getting your refund as fast as possible. Also, it’s a good idea to fully understand how the pandemic will affect your taxes. We have a full explainer on how COVID-19 may change your taxes for 2020.
Getting Your Financial House in Order
Once you’ve got this year’s tax return in the bag, it may be worthwhile to take a look at your personal finances and see if there’s room for improvement. It’s easy for a lot of us to make bad decisions about money , particularly when we’re stressed and already in debt. Taking time to review your finances and make any necessary changes can be really helpful. Think of it as a spring cleaning for your finances!
To start, are you investing enough in yourself? After all, you are your greatest asset. Maintaining yourself and your ability to continue churning out income is important to your future. Check out these tips on how to invest in
Fun Ways to Enrich Your Life
Key to caring for yourself is finding fulfilling adventures and pastimes to enrich your life. That doesn’t mean you have to spend a lot of money, though. Here are 105 wonderful things you can do that won’t cost you money. If you’re still on lockdown and looking for fun things to do with your bubble, check out these 50 games you can play with family and friends .
Passing along your sense of frugality to the next generation can be a wonderful gift. If you’d like to pass on lessons about financial preparedness to the teens and young adults in your life, check out this list of some of the best money books . These books, aimed at teens and young adults, can come in handy as gift ideas for this year’s birthdays and graduations.
Inspiration for Simplifying Your Life
Being frugal is one thing, but it doesn’t mean you have to be cheap. What’s the difference? Here’s a handy
explainer . Of course, some people turn being cheap into an art form. Here’s one man’s real-life story of getting rid of most of his possessions, becoming a nomad and the life-changing magic he experienced in not paying rent . Letting go of personal possessions isn’t quite as simple for others, though, as this woman learned as she began sifting through a lifetime of stuff .
Getting rid of gunk and grime around your house as you let go of things you no longer need is also a great way to prep for the warmer months. Here are 33 spring cleaning tips that can help you do just that.
Wellbeing from the Inside Out
Finally, the pandemic has been lonely and isolated for many people, especially over the winter months. It’s driven some folks to become gloriously creative and cuddly when it comes to taking care of their emotional wellbeing. If you don’t have a self-care routine, you may want to take a tip from singer Lizzo, who has a unique approach to feeling good inside her own skin .
If you’re looking to get your finances in order, SoFi can help.
SoFi Money® is a cash management 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.
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.
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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.