SoFi Blog

Tips and news—
for your financial moves.

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Why Millennials Are So Behind In Investing

There’s a growing consensus these days that millennials are behind their Gen X and Boomer counterparts when it comes to investing trends. But is it true? Depending on which study you read, the answer is yes … and no.

While some millennials appear to be saving early and often, with their eyes on a seven-figure prize, others say they struggle on the daily just to pay the bills. But even for millennials who have money to bank, a hesitation to invest in stocks has left them a little behind the curve.

We can’t really blame them for being wary. The oldest millennials were in their late 20s and just starting their careers when the market crashed and burned in 2008. And if they had invested in the stock market up to that point, watching their portfolios disappear while corporations received billion-dollar government bailouts certainly gave them a reason to distrust Wall Street.

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HGTV’s Matt Blashaw Shares His Best Spring Renovation Tips

What is it about springtime that makes us want to tidy up our closets and refresh our homes? Maybe you’ve been admiring spaces on Pinterest and Instagram. Maybe you’re flipping through home design magazines and dreaming about the perfect master bathroom, an updated kitchen, or a new patio to enjoy this summer.

In fact, according to a recent SoFi survey* of 1,023 people ages 25-73, we found that the majority (45%) of people get their home renovation inspiration from HGTV and DIY Network, followed by friends or family (44%) and home blogs and websites (29%), Pinterest (25%), home decor and community websites like Houzz, and then Instagram (15%). Maybe it’s finally time to tackle your dream renovation project, once and for all!

SoFi partnered with HGTV’s Matt Blashaw , host of the popular show Yard Crashers, to help you achieve your dream home renovation without breaking the bank—or your budget. Here are a few of Matt’s tips to consider before your next home project gets underway:

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7 Student Loan Myths Debunked

When you’re busy focusing on exams and your bustling social life, it’s easy to let the details of student loans fade to the background. But student loans can be tricky, so it’s important to understand what you’ve signed up for when you borrowed them to fund your education.

We’re debunking some common student loan myths to help you feel more prepared with the knowledge you need to stay on top of them and in control.

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How to Afford Traveling After College

After classes are over, finals have been taken, and mortarboards have been hung up, recent graduates pack up their suitcases for a trip of a lifetime. Taking a big trip after graduating from college has become a time-tested rite of passage.

Many new grads jet off to Europe or South America for the summer soon after the graduation ceremony ends. Usually, traveling after college serves a dual purpose: it is both a way to celebrate your huge accomplishment and to have some fun before joining the permanent workforce.

The only problem is that with many students graduating with hefty student loan debt and no source of income yet, funding your dream college graduation trip can be difficult. The good news is that, whether you’re planning an ecotourism trip to Belize or a classic tour of Italy, there are ways to make your dream trip happen.

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A Guide To Grocery Shopping With Student Debt

A girl—or guy—has gotta eat. But how do you make sure you eat well while paying off student loan debt? You don’t have limit yourself to a diet of canned beans and ramen while repaying your student loans.

With some careful planning, you’ll be able to eat healthy, nutritious, and delicious food, while still having enough money to double down on your debt. If you’re looking for a way to save on groceries, we’ve got you covered. These 10 tips and tricks can help you learn how to budget for food so that you can satisfy all your cravings.

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