SoFi Blog

Does it feel like everywhere you turn, people are stressing the importance of saving for retirement? Here at SoFi, we’re guilty as charged. We believe that building up a nest egg is important because we all want to be able to afford (and enjoy!) our retirement dreams.

But we also believe that all saving and no spending is no fun. So we’re here with some motivation to save money for tomorrow without suffering from FOMO today. It just takes a little creativity, a lot of diligence, and a “you got this!” attitude. (Because really, you got this.)

Applying to college or grad school can be a stressful experience. Between the different application requirements, test prep, and deadlines, there can be a lot to cover. And getting all of your ducks in a row can take a bit of legwork.

Before you file your applications, you’ll want to do your research on the schools and programs you are considering. When it comes to college and grad school, tuition isn’t the only thing that can get expensive. As you go through the application process, there are hidden costs and unexpected fees that can add up to a pretty penny.

Here are some of the hidden fees that pop up when you apply to college or grad school. With this information you can create a budget to prepare for the costs that may arise during the application process.

If you have plenty of money and a generous heart, tipping is a relatively easy way to be kind to another human being. For most people, though, it’s an annoyance. And some full-on despise it. You’ve already paid for the meal, they reason, so why tack a tip onto the price?

Besides that, there’s often math involved—typically a percentage. And the calculation frequently is done on the fly, while you’re talking, finishing your cocktail, wrapping up your business (or dinner roll) and looking for your keys.

Also, it’s inexact. There are no real rules for who or how much you’re supposed to tip – just a few general rules of thumb. (Which are not the same thing.)

And yet, this is how the world works. Or, at least, the United States. There are workers – and some are extremely hard workers – who rely on gratuities for a large part of their earnings. It’s become customary to acknowledge their service by adding a little extra to the bill.

And if you don’t, well, you’re kind of a jerk.

Ignoring a problem in the hopes that it’ll go away can feel very appealing on the surface. But while engrossing one’s self in the latest TV drama might be a good distraction, it isn’t actually going to resolve anything. This is especially true when it comes to student loan debt. If you pretend it doesn’t actually exist, you’re not going to make it disappear, and you may even make it worse.

If student loan stress is causing you to lose sleep, you’re not alone. Stress from debt can have an impact on some people’s mental health. A 2017 report found that 80% of working professionals with student loans claimed that their debt was a ‘significant’ or ‘very significant’ stressor in their lives.

A great way to potentially counter stress from debt is to craft an action plan to get ahead of your debt. Help take charge of your student debt with these five tips.

Winter can be bleak. Short days, long cold nights, and countless snowstorms can take a toll. But come March, there is one emerald green bright spot. St. Patrick’s Day is a fun holiday for all.

There are tricks and treats from mischievous leprechauns that keep kids entertained and plenty of green beer for the adults. March 17 is right around the corner so get your green ready to avoid being pinched by a leprechaun (or your significant other).

If you’re playing host this year and are looking for some St. Patrick’s Day party ideas, we’ve got you covered. These fun festive ideas will have you and your friends feeling the luck of the Irish, all while helping to keep you under budget.