With the holidays right around the corner, many people think about spending time with family, travel plans, and ironically their finances. It might surprise you that finances made that list, but after over a decade in the industry, I’ve learned that the next several months is when people place the greatest emphasis on their finances.
Whether this focus comes from feeling the pressure of accomplishing resolutions before the year ends, or year end deadlines set by the IRS, there are several common ways to help make your year-end planning more effective.
By SoFi |
Comments Off on What Might Erasing Student Debt Mean for the Economy?
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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.
Everyone knows someone with student loans. In fact, student loans have become as emblematic of the millennial generation as avocado toast and Instagram selfies.
It’s not an identity that millennials—or anyone—really wanted.
With national student debt levels over $1.6 trillion , millions of borrowers are feeling the squeeze from their student debt payments. Many even report that student loans have caused them to put their lives, financial and otherwise, on hold.
By SoFi |
Career, Money |
Comments Off on Salary Needed to Buy a Home in 10 Big Cities
Americans are a migratory bunch. We move for job opportunities, to be closer to the city (or farther), to be closer to family (or farther), or just because we love to adventure. Especially for young professionals, the lure to move to where the action is can be strong.
The honest answer to “How much salary may I need to buy a home?” is really an open question that depends partially on the cost difference of items on your “must-have” list, and that can include the type and size of home, the amount of land, the location, and a host of other factors.
By SoFi |
Lifestyle, Money |
Comments Off on Should You Talk About Money at the Friendsgiving Table?
So you brought the cranberry sauce and Mom’s famous stuffing—but is it wrong to also bring your financial woes to the table?
Financial topics feel loaded. Revealing how much money you make or how much you have saved can feel a bit heavy to discuss at the dinner table. And being the first person to broach the subject is like playing a hypersensitive game of Operation. One wrong move and chaos erupts.
Despite the risks, talking about money with friends may be something worth considering. You talk to your friends about everything else, right? Before you dig into your debt alongside the pumpkin pie, let’s examine the pros and cons of talking money with friends.
By SoFi |
Comments Off on Should You Ever Take a Lower Paying Job?
If you’re on the job hunt, you know how real the hustle can be. Combing through online job boards to find the right fit, revamping your resume, interview after interview. The constant pressure to sell yourself and impress each interviewer can be exhausting.
When you finally get the offer for the new job you’ve had your eye on, it’s thrilling. You’re about to breathe a well-deserved sigh of relief, until you dig into the details, realizing that taking this job means taking a pay cut.
Deciding whether or not to take a job for less can be a complicated decision. There are a lot of factors to think about as you weigh the pros and cons of accepting a lower offer. It’s a personal choice and it’s worth noting that everyone’s situation is different.
If you’re in pursuit of your next job opportunity and are thinking about taking a lower paying job, it can help to review the situation from all sides. You’ll probably want to find out if there is any room for negotiation. If there isn’t, it might help to consider the following factors.
Career tips, money advice, workplace trends, and more.
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