Saturday,
September 10, 2022
Top Story
The Week in Review
• US stocks saw many ups and downs, but investors ultimately shook off rising rate concerns. Fed Chair Jerome Powell spoke at a conference where he restated the central bank’s willingness to fight inflation.
• Overseas, the European Central Bank enacted a 75-basis-point hike to its target rate. This comes as the Eurozone deals with runaway inflation as well as a potential energy shortage, amid the ongoing standoff with Russia.
• Jobless claims fell from 228,000 to 220,000. This continues to show layoffs remain low by historical standards, as the job market remains robust.
For more economic news and how it affects your money, visit the SoFi app.
Men Are 13% More Likely To Forget This Monthly Financial Task – But They Can Blame It On The Pandemic.
The pandemic has given us lots of unwelcomed mental “gifts.” It’s no shocker that our mental health, in general, has suffered tremendously, but our memory has also taken a turn for the worse.
Researchers on memory have noted a dramatic uptick in forgetfulness for people of all ages. The cumulative stress of the last two and a half years has caused a general brain clutter that’s leaving little room for the essentials – like paying your bills.
A recent poll showed the top reason people gave for missing a credit card payment was just plain old forgetfulness. What’s more, men are 13% more likely than women to miss their bill just because it slipped their mind.
If you’re actually struggling to make your payments by a specific date, you might look into how to change the due date on your bills. But if you are financially stable and know you have the money in your account each month, you have a better option.
Rather than making that to-do list, setting alarms on your phone, or scribbling reminders on sticky notes, the easiest method is to not have to remember. Setting up auto-pay for your bills and individual savings goals with SoFi is easy, and an account with SoFi comes with loads of other perks.
You can sign up for a SoFi Checking and Savings account today, set up direct deposit of your paycheck, and collect a bonus of up to $300.* That’s more money to put towards your bills, and you can even get paid up to two days early.
The best part? You’ll never have to remember to stop by a physical bank … or where exactly you left that paper check…
