Feb
09
2017
Feb
08
2017
Diary of a Student Debt-Free Travel Nurse: How Sophia Khawly Paid Off $52K From Nursing School and Fulfilled Her Wanderlust
In our latest member spotlight, we catch up with travel nurse Sophia Khawly and learn more about her adventurous career path. Sophia not only travels the world through her work in healthcare (jealous!), but was also able to conquer $52K in nursing school debt after refinancing with SoFi.
Read moreFeb
07
2017
We’re Conquering Goals, Together—Out There and On-screen
Last year, we had the opportunity to help our members in their quest to tackle debt head on. The #WhyISoFi contest brought in an overwhelming response from our community. As stories of both success and setback poured in, one thing became clear: SoFi members aren’t just accomplishing goals to get ahead, they’re doing good and making a name for themselves in the process.
Read moreFeb
07
2017
Dating with Debt: When “Netflix and Chill” meets paying the bills
It’s the beginning of a perfect modern romance: You met on an app, and after engaging in some above-average banter, you’ve been on two drink dates and out to dinner at least once. You’ve finally saved their number in your contacts under their real name (as opposed to “John/Jane Bumble”), and you’re feeling good about moving out of the “hanging out” stage toward something more serious.
And then, out of nowhere, your potential future mate drops a bomb —they’ve got debt, and lots of it. They’re carrying $100K+ in student loans. Do you walk away or stay? And if you do stay, who pays for dinner?
We’ve got debt on the brain year-round here at SoFi, but with Valentine’s Day just days away, we’ve got love on the brain too, so we surveyed 2,000 Millennials to learn more about how they think about debt in the context of their love life.
Read moreFeb
03
2017
Which Retirement Account Is Best for You: Roth IRA, Traditional IRA, or SEP?
You might not believe it, but when it comes to retirement, Uncle Sam has your back. The proof is in the tax advantages you get by contributing to individual retirement accounts (IRAs).
Understanding how IRAs can help grow your retirement nest egg—and benefit you on tax day—is a smart money move. Even if you’re paying off student loans and have other debt obligations, allocating some money toward retirement during your early working years is crucial. The earlier you start, the longer your money has to grow. Your sixty-year-old self will definitely thank you for investing as much as you can now.
You can still make a contribution for the 2016 tax year, but you must open an account and contribute by tax day, which is April 18, 2017. Deadlines can be daunting, but don’t worry. We’ve got you covered.
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It’s not exactly the most fun thing to sit down and figure out whether the person you’re dating is on the same page as you financially—in fact, you could practically call it a buzzkill. But if you’re serious about one another, talking about credit scores, budgets, and debt is not something you should put off, because one money mistake can be all it takes to get you into serious and immediate financial trouble.
It’s hard enough to budget and track your own spending and saving habits, but when your dreams are shared and depend on the equal due diligence of another person, you have even less control over how quickly you get there. So you’ll want to find out sooner rather than later if you align on how you handle your money, before it potentially becomes an issue.
Here are five tips to help you determine whether you and your partner are a good “money match.”