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SoFi Blog

Tips and news—
for your financial moves.

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Balancing a Great Deal vs. Interest Charges

The dilemma: you’re in a store with an armful of essentials. You’re handing your treasures to the cashier, ready to check out, when they ask, “Would you like to open a credit card account and save 10% today?”

It happens in many a retail store across the country. Cashiers have been trained by corporate to wag the brochures in front of you, tempting you with even deeper discounts. This is your favorite store, right? You want a better deal, right? In the moment, it sounds fantastic—an extra 10% and you can simply put the purchase on that shiny new retail credit card and pay it off when you get home.

Except that a few weeks roll by and you’re back at the same store, tempted by yet another discount, so you whip out that plastic again. Pretty soon, bills come around and there doesn’t seem to be enough money in your checking account to cover the new credit card payment. Maybe it’s time to revisit this important question: How does credit card interest work again?

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5 Home Improvement Projects to Do If You’re Trying to Sell Your House

While it may seem obvious, it’s worth repeating: When you put your house on the market, you want it to sell quickly. Case closed. But how do you make the magic happen?

Real estate agents know the real deal—curb appeal wins the day. First impressions matter to potential buyers, and that may mean completing some renovations before putting the house on the market to help it sell with speed.

If you’re interested in improving your home’s resale value, what project should you choose? Renovations can have varying impacts on your home’s value, so it might be worth doing a bit of research. The best value-boosting projects can change from year to year, depending on the economy, demand for raw materials, and buyer preference.

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