15 Signs of a Cheap Person

15 Signs of a Cheap Person

Are you a certified cheapskate, a modern-day Scrooge? Or are you frugal in a smart, reasonable way that doesn’t reflect badly on you or cause those around you some pain? These two classifications differ greatly. With careful introspection, you can learn which side you’re on and go from there.

But this is not just a quiz or a game to find your fun profile. Penny-pinching, or being a cheap person, can be painful for friends and family and also for you. It can stir up feelings of deprivation and insecurity; possibly even dishonesty. Whether you take a pocketful of “free” peppermints from a cafe or stiff your waitress, the consequences can add up, impacting your well-being across the board, from finances to relationships. On the flip side, being frugal means having a levelheaded (and even generous) attitude about money. Frugal people are usually respected and appreciated.

Need more cheapskate identifiers? Read on to learn 15 signs you are cheap, including:

•   Hoarding possessions because you think they might be worth money

•   Stealing things, from Post-its at work to a bagful of granola bars at a social function

•   Skimping on restaurant tips

What Is a Cheapskate?

A cheapskate is a person who is extremely stingy with their money and time. Take a closer look if you want to answer the question “Am I too cheap?”

•   Are you so tight-fisted that instead of paying postage, you mail things from the office, so your employer foots the bill?

•   Do you (over)help yourself to “free” food but refuse to buy a snack or drink at a movie theater?

•   Are you stingy with your time, never volunteering for a good cause or putting in extra hours when your work team is in a crunch?

•   If the kids’ menu is for ages 12 and under, do you lie about how old your children are so they can partake for less?

If, in these and other ways, you think your personal profit is more important than everyone else’s losses, then yes, it’s safe to say you are a cheapskate.

How Does a Cheapskate Differ from a Frugal Person?

Cheapskates want, at all costs, to keep cash in their own wallets and bank accounts. Frugal people, on the other hand, think calmly and clearly about how to spend mindfully.

A cheapskate might go out to dinner with friends and “forget” to bring his money to chip in. A frugal person might suggest the group goes to a mid-priced restaurant (not one with $15 cocktails), and make other careful choices. Then, at the end of the month, they may have enough money for something meaningful, such as a soup kitchen donation or a lavish Mother’s Day experience for Mom and Grandma.

A frugal person tries not to waste money on frivolous purchases but also has a sense of generosity. Guess who’s more fun to be around?

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15 Signs You Are Being a Cheap Person

A few examples of being a cheapskate were mentioned above. Here, we’ll dig into signs of a cheap person in more detail. Watch for these red flags in the game of life. No one wants to be bad with money, but taking scrimping and saving too far can also be an issue.

1. Letting DIY Turn into BIY (Break It Yourself)

Unless you’re an expert, taking the DIY route on repairs can be a sign you are cheap. These fixes are often bad and flimsy, leaving you with leakier pipes or unsafe wiring. Reputable professionals may charge a lot but will stand by their work.

For example, if you go the cheap way and try to fix a car problem by watching a YouTube video before taking a road trip, you could find yourself paying dearly for it. If the vehicle winds up breaking down, it will throw a wrench in your plans and cost you time and money as you get towed, pay for repairs, and have to Uber around while waiting for your car to be road-ready again.

2. Sneaking Refreshments Into Movies

Some people do bring their own snacks due to health reasons. But if you have to sneak something in under cover, it’s probably dishonest. Do you feel guilty spending $7 on a small pack of candy? Yes, it’s cheaper elsewhere, but going to the movies is a little splurge, and the treats are part of the fun. It’s also partly how the theaters stay in business.

While many movie theaters allow patrons to enter with their own beverages, that doesn’t mean you should bring all your bffs and not spend a penny on refreshments.

Recommended: Why Do People Feel Guilty After Spending Money?

3. Hoarding at Home

Many people hoard because they don’t want to part with things that might be valuable. But how many samples of shampoos and makeup, t-shirts, skeins of yarn (in case you take up knitting), Christmas ornaments, and reusable water bottles can you keep? Letting go can be freeing and it feels even better if you donate items to charities that will sell them and give them a second life.

4. Stockpiling Condiments

The 2021 pandemic-drive ketchup shortage led to people selling Heinz packets on eBay for a profit. But it’s cheap behavior to squirrel bagfuls away in your cabinet. Will you ever use them? The same holds true for sugar, soy sauce, and salt and pepper packets. Snagging them for free and hoarding them can be a sign you are a cheapskate.

5. Reusing Paper Goods

Some people save paper cups that still look pretty clean and recycle soiled paper towels for another chore. But that’s a cheapskate way of living that likely doesn’t save you much. Better to buy recycled paper products to help save energy, water, and trees. Get dishwasher-safe, reusable party plates; they are sturdy enough to hold large pizza slices and the like.

6. Doing Only Free Activities

Free activities are wonderful and a part of a smart, frugal lifestyle. But cheapskates take this to extremes and only want to go somewhere if it doesn’t cost money. This limits their plans accordingly. For instance, if you only go to the beach after 5 pm, when there are no entrance fees, you will never experience a classic sunny day. Plus, there probably aren’t any lifeguards on duty.

In life, balance is best. There’s no sense being miserly vs. having fun and staying safe. Paying the fee to visit, say, a beach or a majestic national park could provide a view worth a million bucks and a lifetime of great memories.

Recommended: Ways to Be a Frugal Traveler

7. Being Nosy about Other People’s Money

Cheapskates dwell on what other people spend, gossiping about or criticizing their purchases, such as a designer handbag or resort vacation. But maybe the buyer is a frugal person who has a solid money mindset and saved for a year to afford those nice things. Frugal does not mean cheap, and judging others’ spending can say more about your own financial habits than theirs.

💡 Quick Tip: If your checking account doesn’t offer decent rates, why not apply for an online checking account with SoFi to earn 0.50% APY. That’s 7x the national checking account average.

8. Always Snagging Leftovers

It’s one thing to take home the restaurant meal you couldn’t finish but another to make off with the leftover shrimp at a friend’s party. If the host invites you to take some food, great. But don’t push it. You are a guest, after all.

It’s also a classic cheapskate move to take back anything you brought that wasn’t entirely devoured. If you brought two bottles of wine and only one was opened, the other one stays put, as a gift to your host for welcoming guests.

9. Saving Almost Spoiled Food

Many people look for ways to save money on food. But safety comes first. No matter how expensive that deli meat was, if it’s past the date that tells you it’s safe to consume, throw it out. That’s a risk we take when we buy food, from fresh produce to chicken: Use it or lose it. If yogurt or cheese grows a layer of mold, out it goes. Only an ultracheap person would cling to it, eat it, and risk their health.

If you’re not sure how long food stays safe in the fridge, open a tab and search. There are many sites that share the full details.

10. Regifting Thoughtlessly

It’s okay to pass along (with honesty) a gift you cannot use or that doesn’t suit your needs, such as a pound of rocky road fudge when you’re avoiding sugar or a sweater that’s not your color. But it’s hurtful to wrap up something you have around, like an extra college sweatshirt or a set of mugs, and pass them off to a friend or relative as a new gift. That’s just plain cheap.

11. Buying Cheap Quality

If you buy cheaply made clothing, it will likely fray, fade, and fall apart way before good quality items do. Same with ultra low-priced bedding and towels. Likewise, if you invest in a good pair of shoes, they will stand up to new heels, soles, and repeated polishing. A cheap pair won’t go the distance.

Keep in mind that the same holds true with household purchases: Cookware with a rock-bottom price tag is likely to disappoint you, and the same may hold true with furnishings. Read reviews before you buy, and snag a good-quality item that’s a little pricier but more reliable.

Recommended: Guide to Practicing Financial Self-Care

12. Depriving Others While You Amass Money

Another sign you are a cheapskate can be that you are totally focused on your own wealth management and never help others. Maybe a miser could make a payment to help a cousin or niece with a heavy student loan debt. That kind of money magic fills the heart of the giver and the recipient. Being selfishly cheap just leaves you with a heart tightened like a fist.

Recommended: Common Money Fights

13. Haggling Over Every Transaction

Bargaining nonstop can make everyone uncomfortable, except the cheapskate. The salesperson, other customers, and especially the cheapskate’s friends and family who are present may want to vanish.

There are times and places where haggling is appropriate and can improve your financial life. Overstepping those boundaries can be a sign you are a cheapskate.

14. Helping Yourself to Office Supplies

It’s one thing to take a pad personalized with your name or a paperweight that was a gift from the boss. But it’s another to stock your home office or a kid’s back-to-school list from the office supply closet. Just don’t. It’s veering into stealing.

Same goes for taking condiments and coffee supplies from the staff break room or raiding the bathroom for toilet paper so you don’t have to buy any.

Recommended: 17 Ways to Make Financial Freedom a Reality

15. Being a Bad Tipper

This may be the most obvious and most common sign of a cheapskate. They look for any reason to reduce the gratuity after a meal, from too few sugar packets on the table to the entree arriving too quickly or too slowly. Waiters and waitresses often manage many tables and make a low hourly wage. They count on tips to bring up their earnings.

If the food and/or service is awful, it makes sense that the tip would reflect that. But for a typical meal with perhaps a tiny glitch, not leaving a tip can be a giveaway that someone is a miser.

Tips to Avoid Being a Cheapskate

Try to remember this advice next time you feel your inner cheapskate emerging.

•   Give yourself a fun budget: Find a little breathing room in your budget for things that bring you pleasure even if they are not great bargains. Maybe a fancy coffee on Friday mornings, to end the work week on a high note, can be a nice self-reward.

•   Shift your focus from cash. Consider rewards that have no set price attached to them. That means enjoying a movie plus popcorn with your best friend. Or the smile on your mother’s face when you bring her flowers.

•   Set up a separate bank account for generosity. Put a certain amount of money in every week, even just $50 or $10 can make a difference. Then, at the end of the month, do something kind for someone. This can help offset any cheapskate tendencies.

•   If you are dining out or getting coffee, build extra bucks into your budget ahead of time for the tip.

•   Instead of clinging to your money, think about how hard behind-the-scenes people work. The staffers who put out the free hotel breakfast buffet, the shampoo girl at the salon: Appreciating their work with a tip goes a long way to make both you and them feel better.

The Takeaway

Knowing the difference between being a cheapskate and being frugal is an important life lesson. The former leans toward miserly and is unpleasant to be around, while the frugal person usually spends mindfully and can afford to be generous in meaningful ways.

When you understand the signs of being cheap, you can likely stop yourself and become better at a healthy financial mindset. It’s not just “mine, mine, mine,” but sometimes “yours, mine, and ours.”

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FAQ

Are there benefits to being a cheapskate?

A true cheapskate may be able to reach financial goals, which is a benefit. But they might be so focused on saving that they cannot enjoy life. They are likely so busy not spending that they don’t know how to give back, chip in, be honest, and have fun with loved ones.

Is being cheap a personality trait?

Being cheap can be a personality trait, but it need not be a permanent one. It could be a habit developed because you grew up poor and wished for more money or possessions or it can stem from other insecurities. It’s possible to change this behavior if you become more aware of it and are motivated to be less stingy.

How do you deal with cheap people?

If you value the person and your relationship with them, do your best not to argue with them. That is unlikely to get them to spend more freely. Set expectations on get-togethers early; if something sounds too pricey for them, make another, less expensive plan. Avoid those situations that are likely to provide a forum for their cheap tendences.


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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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What Is Mortgage Underwriting?

Underwriters are a bit like jurors: They soberly weigh the evidence and render a verdict. Unlike jurors, underwriters sometimes reach out to those they are, well, judging to add information, clarify a matter, or otherwise help the case for mortgage approval.

If it’s a “yes” to the address, underwriting has found that you’re fiscally fit enough to take on a mortgage and that it’s a manageable size.

By learning about underwriting, you’ll be prepared for the document-gathering and hurdles ahead.

What Does an Underwriter Do?

Underwriters protect a bank, credit union, or mortgage company by making sure that they only give loan approval to aspiring homeowners who have a good chance of paying the lender back.

Here are some of their tasks:

•   Verify documents and financial information and make sure that enough savings exist to supplement income or contribute toward the down payment.

•   Check an applicant’s credit score and history and note any bankruptcies, late payments, a lot of debt, or other red flags.

•   Calculate the debt-to-income ratio by adding up monthly debt payments and dividing that number by monthly pretax income.

•   Request additional documents and ask questions if necessary. For example, if a homebuyer has had more than one job over the past year and their income is not consistent, an underwriter may want to see more assets.

First-time homebuyers can
prequalify for a SoFi mortgage loan,
with as little as 3% down.


What Is the Underwriting Process?

The mortgage-seeking journey is a winding path that eventually arrives at the underwriter.

Automated underwriting may approve your loan application, though a human underwriter will verify your application and documentation. If the software refers your application to manual underwriting, that’s usually a slower process.

Here are common steps leading to underwriting:

1. Explore your budget. Prequalifying for a mortgage is a quick act that will provide a ballpark figure, based on self-reported financial info. And you can employ a home affordability calculator to get a feel for your top price.

Think, too, about lender questions you’ll have during the mortgage process.

2. Get preapproved for a loan. Shop around for the best deal, and best-fitting loan, with a mortgage broker or direct lender.

This is the time to submit documentation of your income, employment, assets, and debts and allow a hard pull of your credit scores. What credit score is needed to buy a house? Much depends on whether you plan to use a conventional or government-backed mortgage loan (an FHA loan is especially more lenient).

A mortgage preapproval letter, often good for 30 to 90 days, indicates the lender’s willingness to lend you a particular amount at a tentative or locked interest rate. A preapproval letter also allows a buyer to act quickly in a seller’s market.

3. Go house hunting. You find a home that meets your needs, and agree on a price.

4. Apply for the loan. You may choose one of the lenders you gained preapproval from, or another lender, to apply for the mortgage. You’ll receive a loan estimate within three business days from each lender you apply with.

If you go with one of the former, you submitted documents in order to get preapproved. Still, the lender will likely ask for further documentation now that you’re ready to act on a purchase, and will take another look at your credit.

5. Wait for the underwriting verdict. A loan processor will confirm your information, and then it’s time for the underwriter to review your credit scores and history, employment history, income, debts, assets, and mortgage amount.

The underwriter will order an appraisal of the chosen property and get a copy of the title insurance, which shows that there are no liens or judgments. Finally, the underwriter will consider your down payment.

Then comes the decision: approved, suspended (more documentation is needed), or denied.

Required Information for Underwriting

Lenders are going to request a lot of documents from mortgage loan applicants.

Income verification. The lender will want to see W-2s from the past two years, your two most recent bank statements, and two most recent pay stubs. Those who are self-employed will need to document stable work and payments and ideally have a business website. Applicants will typically need to show evidence of at least two years of self-employment income in the same field.

Any additional income. Pension, Social Security, alimony, dividends, and the like all count.

Proof of assets. This can include checking and savings accounts, real estate, retirement savings, and personal property. A lender might want to see that a down payment and closing costs have been in an applicant’s account for a while.

Debts. Your debt-to-income ratio matters greatly, so list all monthly debt payments, each creditor’s name and address, account numbers, loan balances, and minimum payment amounts.

Gift letter. If you’ve received money from a family member or another person to put toward the house, the lender will request a gift letter for the mortgage and proof of that funding in your account.

Rent payments. Renters will likely need to show evidence of payments for the past 12 months and give contact information for landlords for two years.

How Long Does Underwriting Take?

Underwriting may take a couple of days to more than a week. It all depends on how complicated someone’s finances are and how busy an underwriter is.

Thankfully, underwriters typically do everything online these days, so an applicant can upload documents to a website or simply email them.

How Can I Improve My Chance of Approval?

Before applicants try to get a mortgage, they can take a number of steps to improve their chances of getting approved.

Lighten the debt load. It’s critical to pay off as much debt as possible and to try to keep your credit utilization ratio below 30%, though some lenders like to see a ratio below 25%.

Applicants can pay off debt faster by making a budget, using cash instead of credit cards to make purchases, and negotiating interest rates with creditors.

Look at credit reports. Applicants should also scour their credit reports and fix any mistakes so that their score is as high as possible. Federal law guarantees the right to access credit reports from each of the three major credit bureaus annually for free.

The reports show only credit history, not credit scores. There are ways to monitor your credit scores and track your money at no cost.

Attempt to boost income. Applicants may want to apply for higher-paying jobs or get to know the benefits of a side hustle so they can save more money.

Ask for a gift or loan partner. You could also ask a family member for a gift to put toward the down payment, or you could ask a relative with a stable credit history and income if they would apply for the loan as a co-borrower or cosigner.

With an underwriter extending a hand, a solution may be found that leads to approval.

The Takeaway

Ready to apply for a mortgage? Prepare for a probing look at your private life — the financial one — by an underwriter, who is gauging the risk of lending you a bundle of money. The underwriter looks at a homebuyer’s finances and history, the loan amount, and the chosen property and renders a verdict.

Mortgage shoppers should add SoFi home loans to their list. Why? Click on the link to see all the life-enhancing perks.

And then find your rate in just minutes.


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Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.


Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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Which States Have Been Hit the Hardest by Inflation?

Which States Have Been Hit the Hardest by Inflation?

Inflation, or a rise in prices and decrease in buying power, is hitting American families hard. Rates have been spiking for months and currently stands at 7.7%. When it will slow down is anybody’s guess. This makes it increasingly difficult to afford necessities like food, transportation, and housing. Put simply, when inflation is escalating, your dollar buys less than it did in the past.

How much of an impact has inflation had on the U.S. and where is it at its worst? A report from the Joint Economic Committee provides up-to-date data as of July 2022 on how much prices have changed for everyday items, for an average family, in each state since January 2021.

This information can help you make informed decisions about your spending and your future. If you’re living in a state with surging inflation, you may want to pay special attention to balancing your budget so you don’t wind up depleting your emergency savings or ringing up credit card debt.

According to the report, these are the 25 states with the highest inflation rates over the year reviewed, arranged in descending order, with the steepest figure at the top. They are ranked by the impact on monthly spending in dollars vs. the percent of inflation.

Read on to see if your state made the list.

25 Highest Inflation Rates by State

1. Washington D.C.

OK, it’s not technically a state, it’s a district, but our nation’s capital tops the list of locations feeling the impact of inflation. With an inflation rate of 13.9%, DC saw a monthly uptick in expenses due to inflation at an eye-watering $1,037 in the year studied. That kind of impact can certainly give a household reason to take a fresh look at making a budget and perhaps even consider moving to a less expensive area.

2. Colorado

There are several main causes of inflation, and they seem to have conspired to raise prices in Colorado. There, the cost of living has increased by a staggering 15.4% since January 2021. This means that the average household in the state will spend about $937 more this year than last year. The main driver of this inflation is transportation costs, representing an increase of $410/mo.

3. Utah

In Utah, inflation has been rising, with the total inflation up 15.4% or $910 per month for the average family. While this may not seem like a lot if you earn a high salary, that kind of price hike can significantly impact residents, particularly those on a fixed income.

4. Arizona

Arizona has seen a significant increase in inflation over the past year, with prices rising by $833. This figure represents a significant burden for residents and may well encourage them to find ways to save money daily.

While the cost of living in Arizona is still relatively low compared to other states, the increasing cost of goods and services puts pressure on households as the prices have increased at what is among the highest rate in the United States, a challenging 15.4%.

5. Nevada

Inflation has been rising by 15.4% in Nevada, with families now shelling out an average of $831 more per month than in January 2021. Rising energy and transportation costs seem to be fueling this surge.

Additionally, many goods and services have become more expensive as businesses attempt to offset their own rising costs. This has decreased purchasing power for Nevada residents, making them adjust their budgets and spending habits to keep up with inflation.

Although it can be challenging to cope with rising costs, it’s important to remember that there are pros and cons of inflation. It is a natural part of the economy and will continue to fluctuate over time.

6. Minnesota

Life has gotten considerably more expensive in Minnesota. With inflation soaring 13.8% over a recent year, residents are shelling out $831 more just to keep up.

With this kind of price trajectory, it can be worthwhile to consider whether to pay down debt or save money when trying to make ends meet. When your money doesn’t go as far, you need to be smart about prioritizing your available funds.

7. Wyoming

Average monthly expenses in Wyoming hiked up $812 a month as of July 2022, compared with January 2021, putting it the seventh highest position on the ranking of U.S. states.

The main drivers behind this increase have been higher transportation, energy, and housing costs. These factors can put a strain on Wyoming households already struggling to make ends meet and can also leave other families with less disposable income to put towards long-term money goals, such as investing for retirement.

8. California

America’s most populous state with more than 39 million residents, California clocks in as the 8th most inflationary state in the nation. Residents paid an average of $794 in monthly expenses in July 2022 vs. January 2021. That’s a lot of people feeling the pinch at the gas pump, supermarket, and elsewhere.

9. Alaska

Our northernmost state has experienced intense inflation over the past year or so. The average Alaskan household is now spending 12.5% more, which equals an additional $790 per month. Of that figure, $345 went to rising transportation costs and $197 towards energy costs.

10. Montana

Inflation in Montana is up 15.4 percent, or $790 per month for the average family, which puts the state in the number 10 position of states being hit hardest by rising prices.

When dealing with this kind of pressure on your income, it may be wise to think about bringing in more income. That’s one of the benefits of a side hustle and can help make ends meet when prices zoom upward.

11. Illinois

The cost of living in Illinois has been increasing steadily over the past few years; between January of 2021 and July of 2022, the typical household is shelling out $787 more per month to pay for the same expenses. That reflects rising costs of housing, energy, and transportation, among other factors, to the tune of 14.1%.

If you are grappling with the impact of inflation and feel as if you can’t keep up with bills, especially credit card charges with their high interest rates, you might consider a balance transfer credit card. These can give you a reprieve from high interest rates for a period of time, which may help you pay down your debt.

12. Florida

Since January 2021, inflation has increased significantly in Florida, with the average Sunshine State household paying $784 more every month to maintain their standard of living. This is a significant increase of 13.9% and can certainly have an impact on how far one can stretch a salary.

If you’re a Floridian looking for ways to enhance your income, you might consider downsizing some of your gently used possessions (clothing, electronics, etc.); there are many options for places to sell your stuff that’s no longer wanted.

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13. Maryland

Brace yourself, Marylanders: You’re paying $774 more for your living expenses over the past year and change. That represents inflation of 13.9%, and it can certainly stress a budget.

If you’re residing in Maryland, now might be a good time to review your outflow of cash and see where you might economize. How many streaming platforms do you have vs. really need? How many fancy coffees and take-out dinners are you paying for? A bit of belt-tightening can help bring expenses back under control

14. Hawaii

While the rate of inflation in Hawaii is “only” 12.5% currently, the fact that the Aloha state has such a high cost of living to start with means it’s number 14 on the list. Every month, inflation has lifted household costs on an average of $768.

15. Idaho

Next up is Idaho, a state that has been hard hit by inflation. Prices have increased by 15.4%, or $763 per month for the average household. This spike reflects a combination of factors, including the state’s growing population, which is driving up demand for goods and services.

16. Delaware

In Delaware, the average family is paying $760 more per month for their expenses than in January 2021, representing an uptick of 13.9%. With rising gas prices and housing costs, many families may have to slash their budgets. When doing so, it’s worthwhile to research tips to hedge against inflation.

17. North Dakota

If you live in North Dakota, you’ve likely felt the pinch over the past year and change as inflation has zoomed up 13.8%. For the average family in the state, that means they are spending $760 more per month to make ends meet and pay their bills.

18. South Dakota

Right behind its neighbor to the north comes South Dakota. Here, prices have also ticked up 13.8%, resulting in $759 more being paid out per average household. That’s a whole lot more money for most families to come up with.

If you live in South Dakota or elsewhere and feel stretched too thin, it can be wise to look into how to pay off outstanding debt and open up some breathing room in your budget.

19. Nebraska

Things have gotten pricier in the Cornhusker state: With an inflation rate of 13.8%, the typical household is shelling out an additional $754 a month in July 2022 vs. January 2021. That’s a steep increase and could inspire a person to look for a low-cost side hustle to bring in some additional income.

20. Texas

Inflation has been on the rise in Texas, with the total inflation coming in at 14.8%. If you’re a Texan, that means you are likely needing to come up with an extra $747 per month to make ends meet. Every time you fill your vehicle’s gas tank and pay your energy bill, you may well realize that the amount is significantly higher than before.

21. Virginia

Inflation is a significant problem in Virginia. Prices have ratchet up by 13.9% since January 2021. This means, for instance, that $20 buys less gas than it used to, and residents’ grocery bills are likely to be noticeably higher since they aren’t protected from inflation. It may be a struggle to make ends meet as the average household is forced to come up with an additional $741 per month to cover their expenses.

22. Missouri

Missouri comes in at number 22 on the list of states feeling the impact of inflation. With the inflation rate hitting 13.8%, that means a typical family has to shell out $737 more per month to buy the same goods and services vs. January of 2021.

That can put a tremendous amount of stress on one’s pocketbook. This can be a good moment to review discretionary spending and look for easy ways to save money.

23. Kansas

The next hardest-hit state in terms of inflation is Kansas, according to the Senate’s Joint Economic Committee. The rate of prices rising is 13.8%, with the average household needing to spend $730 per month more to afford the same expenses as in January of 2021. Whether purchasing food or gas, paying rent or the energy bill, costs are rising at a notably high rate.

24. Massachusetts

While the rate of inflation is “only” 10.7% in Massachusetts, that calculates as a $726 expense hike for the typical family, which is significant.

To push back against inflation, you might consider trying to lower some bills. Perhaps you can get your credit card interest rate taken down a notch or negotiate your medical bills to help bring costs under control. It never hurts to inquire and could help you reap savings.

25. New Mexico

Inflation has increased in New Mexico by a significant 15.4%. This represents an average of $720 in additional monthly spending for the average household. The main reason for this price hike lies in the rising cost of energy and transportation.

The Takeaway

Inflation has been in the news over the past year or so, and for good reason: It’s making life more expensive for Americans. Some states have been hit harder than others by this inflation, which means certain households are shelling out even more than others for the same typical monthly necessities, like housing, utilities, food, and transportation. This article shows whether your state lands in the top half of locations most impacted by inflation.

Regardless of where you live, you probably are grappling with the impact of inflation. One way you can push back is with the right banking partner. When you open an online bank account with SoFi, you’ll earn a hyper competitive APY and pay no account fees, which can help your money grow faster so you can pay those bills. Plus, with our Checking and Savings, you can spend and save in one convenient place.

Better banking is here with SoFi, NerdWallet’s 2024 winner for Best Checking Account Overall. Enjoy up to 4.60% APY on SoFi Checking and Savings.


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SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 4.60% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.

SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.

Members without either Direct Deposit activity or Qualifying Deposits, as determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable, the grace period, will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances.

Interest rates are variable and subject to change at any time. These rates are current as of 10/24/2023. There is no minimum balance requirement. Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet.


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Top 10 Fastest Growing Jobs

Top 10 Fastest Growing Jobs

Job growth is an important consideration when choosing a career. Some of the fastest growing jobs, according to the Bureau of Labor Statistics (BLS), include nurse practitioners, wind turbine service technicians, and data scientists.

Whether you’re preparing to enter the job market or switching careers, it’s good to know which industries and fields have the brightest hiring outlook. Keep reading for a breakdown of the fastest growing jobs in 2022 and beyond.

What Is Considered a Fast Growing Job?

The BLS regularly projects which occupations will see the highest growth. The most recent data available predicts changes from 2021 to 2031. Some occupations grow faster than others as demand for those jobs rises. A fast growing job is one that’s expected to grow at an above-average rate. Our list includes both on-site roles and remote opportunities. (Here’s a great roundup of more work-at-home jobs for retirees and stay-at-home parents.)

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Recommended: What is The Difference Between Transunion and Equifax?

Who Should Consider a Fast Growing Job?

Fast growing jobs are appealing to a wide range of people because it can be easier to find a position when there are more openings to go around. Companies may also be more likely to offer signing bonuses to attract talent.

However, it’s important to consider whether the current demand is sustainable over the long term. After large numbers of people rush to fill jobs in a specific industry, hiring may then taper off.

The economy is another consideration. A job that’s fast growing in a healthy economy may be less so in a downturn or recession. In-demand jobs that are connected to entertainment, travel, or recreation, for example, may be less attractive if people are cutting back their spending on trips to the movies, vacations, or costly hobbies.

Recommended: Does Net Worth Include Home Equity?

Pros and Cons of Being in a Fast Growing Job

Every job has advantages and disadvantages, and fast growing fields are no exception. Considering the potential benefits and drawbacks can help you to decide if pursuing a fast growing job makes sense for you.

Pros of Fast Growing Jobs

Cons of Fast Growing Jobs

More room for advancement at a faster pace Accelerated job growth in newer industries may not be sustainable over the long-term
Higher salaries if demand for qualified workers outpaces supply Fast growth does not always translate to higher pay, especially in fields that don’t require higher education
Opportunity to get in on the ground floor of a new industry or sector that’s poised for long-term growth and development May be more demanding in terms of the time involved and scope of duties

What To Expect in a Fast Growing Job

One of the main advantages of a fast growing job is that it may be easier to get hired when demand is high. Employers may also offer higher pay or enhanced employee benefits to attract talent. If a high salary is important to you, check out this list of the highest paying jobs by state.

On the other hand, landing a bigger entry-level salary isn’t guaranteed. Fast growing tech jobs, for instance, will pay more than food service jobs even if demand is at a similar level.

If you do manage to snag a higher salary with a fast growing job, it’s important to think about what you’ll be required to do in exchange for those paychecks. For example, accepting a role with a clean-energy startup could pay well, but if the company is small, you might be expected to work well beyond the standard 40-hour week.

Top 10 Fastest Growing Jobs in 2022

The BLS collects data on job growth and employment outlook across a variety of occupations. We’re breaking down the fastest growing jobs through 2031.

You may also be interested in our list of trades that make the most money.

1. Nurse Practitioner

Median annual pay: $120,680

Job growth outlook: 46%

Job description: Nurse practitioner (NP) is one of the fastest growing healthcare jobs. NPs can act as primary care providers or specialty care providers in doctor’s offices, hospitals, and other healthcare facilities. NPs may specialize in a particular type of care, such as geriatrics or pediatrics.

Job duties:

•   Assess patients to determine care needs

•   Determine how to improve or manage patient health

•   Develop strategies for implementing a plan of care

Pros:

•   High earning potential

•   Well above-average job growth

•   Opportunity to specialize

Cons:

•   Potentially a highly stressful job

•   Requires advanced education

•   May require working long shifts

2. Wind Turbine Service Technician

Median pay: $56,260

Job growth outlook: 44%

Job description: Install, repair, and service wind turbines. May work full-time or on-call for emergency repairs. This is one of the fastest growing trade jobs in 2022.

Job duties:

•   Installing wind turbines

•   Making necessary repairs to turbine equipment

•   Completing regular maintenance and service to keep turbines operating properly

Pros:

•   Technical or trade school degree may be the only required education

•   Opportunity to travel

•   Job growth should hold steady as the industry develops

Cons:

•   Long on-the-job training period

•   Candidates must be comfortable with heights

•   Higher potential for accidental injury

Recommended: Jobs That Don’t Require College

3. Usher, Lobby Attendant, and Ticket Taker

Median pay: $24,440/year

Job growth outlook: 41%

Job description: Service position typically in the entertainment industry. The main job of an usher is to show people to their seats. Lobby attendants greet the public, while ticket takers accept tickets from patrons seeking entry to a venue. This is a good low-pressure option for working after retirement.

Job duties:

•   Escorting guests to their seats

•   Greeting guests and managing the flow of traffic in lobby areas

•   Taking tickets from guests

Pros:

•   Significant job growth is expected through 2031

•   Higher education may not be required

•   May offer flexible hours

Cons:

•   Generally among the lowest-paying jobs

•   Requires dealing with the public on a regular basis

•   May involve long hours

4. Motion Picture Projectionist

Median pay: $29,350/year

Job growth outlook: 40%

Job description: Responsible for setting up, operating, and maintaining projection equipment. Projectionists can work in movie theaters to ensure that films play properly for the attending audience. Because this role doesn’t require much interaction with customers or colleagues, it can be a good job for antisocial people.

Job duties:

•   Operating motion picture equipment to project sounds and images

•   Servicing and maintaining motion picture equipment to keep it in good working order

•   Troubleshooting any problems that might arise during the operation of motion picture equipment

Pros:

•   A college degree may not be required

•   May offer flexible hours

•   Opportunity to work in entertainment or related creative field

Cons:

•   Employers may require several years of experience for new hires

•   Lower pay scale compared to other fast growing jobs

•   May require dealing with stressful or high-pressure situations

5. Restaurant Cook

Median pay: $30,010/year

Job growth outlook: 37%

Job description: Prepare food for diners. May also be responsible for ordering supplies, communicating with vendors, planning menus, and directing other members of the back-of-the-house staff. This job may be salaried or hourly.

Job duties:

•   Prepping and preparing meals for diners

•   Ensuring that food preparation areas remain clean and sanitary

•   Managing and ordering inventory and supplies

Pros:

•   High school diploma or GED may be sufficient

•   Flexible hours

•   Room for advancement for those interested in kitchen management role

Cons:

•   Hours may be long

•   Can be a high-stress job for cooks who work in a fast-paced environment

•   Restaurant jobs typically don’t offer a high pay range

6. Data Scientist

Median pay: $100,910/year

Job growth outlook: 36%

Job description: Extract and analyze data. May collect or categorize data, offer interpretations of data, or create visual representations to showcase their findings. These individuals typically work in an office setting or from home.

Job duties:

•   Collecting and organizing data

•   Testing data and using it to develop algorithmic models

•   Analyzing data to create recommendations for business entities

Pros:

•   Competitive pay and outstanding earning potential

•   Opportunity to work a flexible schedule or remotely

•   May appeal to people looking for a creative-adjacent job

Cons:

•   Some aspects of the job may be tedious or boring

•   Hours can be long and require the completion of menial tasks

•   Master’s degree or higher may be required for certain jobs

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7. Athlete or Sports Competitor

Median pay: $77,300

Job growth outlook: 36%

Job description: Participate in athletic events and competitions. They use their skills and talents to entertain sports fans and often have an opportunity to travel.

Job duties:

•   Competing in athletic events

•   Training for athletic events and maintaining good physical health

•   Attending team meetings and other events scheduled by management

Pros:

•   No degree is necessary to become a professional athlete

•   Some pro athletes earn millions

•   Get paid to do what you love

Cons:

•   Vast majority of pro athletes aren’t banking seven figures

•   Playing sports can take a physical toll and potentially lead to long-term health conditions

•   May be stressful mentally and emotionally

8. Information Security Analyst

Median pay: $102,600/year

Job growth outlook: 35%

Job description: Information security analysts review an entity or organization’s security measures and develop strategies for protecting and safeguarding data. This is one of the fastest growing IT jobs as more companies turn their focus to increasing cybersecurity in order to prevent fraud or data hacks. This is a strong option if you need a job that will pay off your student loans.

Job duties:

•   Analyzing security measures in order to look for potential flaws or weak spots

•   Developing cybersecurity strategies to enhance a company or organization’s data safety

•   Maintaining security software, including encryption and firewall services

Pros:

•   Job growth may be sustainable long-term as more companies seek to step up their cybersecurity efforts

•   Salary ranges are competitive compared to other fast growing jobs

•   May offer opportunity for remote work

Cons:

•   Some jobs may require a master’s degree or higher

•   May be required to complete tasks on short notice

•   Potentially stressful and high-pressure

9. Statistician

Median pay: $95,570/year

Job growth outlook: 33%

Job description: Collect and analyze data, then use that data to solve mathematical problems. Also may organize data in order to prepare detailed reports on specific topics for private business, public companies, healthcare organizations, nonprofits, or government agencies.

Job duties:

•   Collecting and analyzing data

•   Applying mathematical theories to solve problems using the collected data

•   Interpreting data and creating reports or visualizations to communicate their findings

Pros:

•   Solid earning potential

•   Potentially one of the best jobs for introverts

•   While technically a scientific field, statistics still allow for creativity

Cons:

•   May require advanced education

•   Work can be complex and tedious

•   Extroverts may not enjoy the large amount of independent work that’s often required

10. Umpire, Referee, and Other Sports Official

Median pay: $35,860/year

Job growth outlook: 32%

Job description: Participate in athletic events and ensure that the rules are being followed. They can work in professional sports leagues or amateur sports leagues, as well as recreational leagues for youth athletics.

Job duties:

•   Officiating at sporting events

•   Enforcing the rules of the game and applying penalties when necessary

•   Keeping game play moving smoothly

Pros:

•   Can be a fun way for sports fans to earn a living

•   Opportunity to work outdoors

•   Advanced education and training typically aren’t required

Cons:

•   Umpires and referees may be subject to heckling or harassment from fans

•   Pay isn’t as high as other fast growing jobs

•   Sports officials can be subject to criticism from professionals in their industry

Fastest Growing Jobs by 2025 Outlook

The fastest growing jobs by 2025 include all of the options listed above. Other jobs projected to have above-average growth through 2031 include:

•   Web developers

•   Animal caretakers

•   Choreographers

•   Taxi drivers

•   Medical and health services managers

•   Logisticians

•   Physician assistants

•   Solar photovoltaic installers

•   Animal trainers

•   Physical therapist assistants

Which job skills will be most in demand by 2025? According to the World Economic Forum, the following skills will be highly sought after by employers within the next few years:

•   Analytical thinking

•   Complex problem solving

•   Creativity, originality, and innovation

•   Leadership and social influence

•   Technology use, monitoring, and control

•   Technology design and programming

•   Resilience, stress tolerance, and flexibility

Some of these are “soft skills,” meaning they’re based around communication and self-management. However, it’s clear that technological skills and computer skills will continue to be an important consideration for employers in the future.

The Takeaway

The Bureau of Labor Statistics regularly publishes lists of jobs with good potential for recent grads and career changers. This year’s list of the top fields for job growth include sports, entertainment, healthcare, computers, and data science. It’s a wide range, with something for everyone. And while some roles require a college degree, others welcome high school grads.

Stay on top of your budget once your paychecks start rolling in with a spending app. With SoFi, you can easily see all of your money in one place, learn how to manage your money better, and even monitor your credit score. It’s an all-in-one money tracker tool for staying on top of your money game.

Start tracking your finances like a champion with SoFi.

FAQ

What is the most needed job in 2022?

According to the Bureau of Labor Statistics, nurse practitioners are among the fastest growing jobs for 2022 and beyond. That’s due largely to increased demand for healthcare providers during the pandemic era, but it was also one of the fastest growing jobs pre-COVID.

What job has the highest future growth?

The Bureau of Labor Statistics projects that nurse practitioners are set to see the highest job growth through 2031. The COVID pandemic, an aging population, and high turnover due to burnout combined to drive demand for qualified nurse practitioners.

Which jobs will be in demand in the next 10 years?

Some of the jobs that will be in the highest demand in the next 10 years include nurse practitioners, wind turbine service technicians, data analysts, statisticians, information security analysts, and restaurant cooks.


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SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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25 Easy Jobs That Make a Lot of Money With Little Work Without College

25 Easy Jobs That Make a Lot of Money With Little Work Without College

Attending a four-year university isn’t for everyone, for financial or personal reasons. That doesn’t mean a high-paying job should be out of reach. There are plenty of jobs that make a lot of money without a college degree. We’re not talking about brain surgery or rocket science — too hard. Just normal jobs that pay well and may even be fun or cool. Is that too much to ask?

Here’s your answer: 25 jobs that make a lot of money for regular people.

Recommended: Does Net Worth Include Home Equity?

Why It’s Difficult To Know About Easy Jobs Without a Degree

The key to finding jobs that make a lot of money but don’t carry the burden of student loan debt is looking at growing industries with high demand. These roles may require some technical certifications or on-the-job apprenticeships. Still, they offer competitive pay, coming close to or exceeding the annual expected salary for someone with a bachelor’s degree.

Don’t miss this roundup of even more high-paying jobs that don’t require college.

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Recommended: What is The Difference Between Transunion and Equifax?

Pros and Cons of Easy Jobs Without a Degree

There are benefits and drawbacks to some jobs that make a lot of money without a college education.

Benefits of Easy Jobs Without a Degree

•   Beginning a career with little or no student debt

•   Entering the workforce earlier in life, with the potential to start saving sooner

•   Job security for roles that are in high demand

•   Less work-related stress

Drawbacks of Easy Jobs Without a Degree

•   Joining a high-paying trade or industry can be more physically demanding

•   Some roles require an apprenticeship or years of experience before you can earn a high salary. Entry-level salaries may be modest.

•   Lack of degree may stunt your earnings over your entire career in certain jobs

•   Jobs may be paid hourly, not salaried, which can impact earning potential

•   Less likely to accommodate work-at-home situations

Recommended: Should I Sell My House Now or Wait?

Who Are Easy Jobs Without a Degree For?

High earning jobs that don’t require a degree can be a good fit for many individuals, including those who:

•   Don’t traditionally excel in an academic environment

•   Don’t want to take on student debt

•   Are eager to enter the workforce

•   Have interest in a trade or technical job

25 Easy Jobs That Make a Lot of Money With Little Work Without College

Many jobs that don’t require a degree are minimum wage or low paying. However, there is a sweet spot where high-paying jobs and those that don’t expect a degree overlap. While some of the following call for certification or training, it’s unlikely to cost as much as a traditional four-year degree.

Salary figures represent the national median, and the job growth outlook is for 2021 to 2031.

1. Power Plant Operator, Distributor, and Dispatcher

Description: Control and manage the electrical power systems of a plant.

Salary: $94,790

Job Growth: -15%

Requirements: High school diploma or equivalent

2. Commercial Pilot

Description: Fly commercial airplanes and other aircraft.

Salary: $134,630

Job Growth: 6%

Requirements: Flight school

3. Elevator Installer and Repairer

Description: Install, repair, and maintain elevators and escalators.

Salary: $97,860

Job Growth: 3%

Requirements: High school diploma or equivalent

4. Makeup Artist, Theatrical and Performance

Description: Onset makeup application in the entertainment industry.

Salary: $124,380

Job Growth: 6%

Recommended: The Highest Paying Jobs by State

Requirements: On-the-job training or beauty school certifications

5. Fire Inspector and Supervisor

Description: Inspect buildings to ensure they meet local, state, and federal standards.

Salary: $63,080

Job Growth: 6%

Requirements: Experience as a firefighter; high school diploma or equivalent

6. Aircraft Mechanic

Description: Work on plane equipment, including maintenance and repair. While pilots tend to be extroverted high achievers, aircraft mechanic is a solid job for introverts.

Salary: $65,550 per year

Job Growth: 6%

Requirements: On-the-job military training or certification from an FAA-approved technician’s school

7. HVAC Technician

Description: Install, repair, and maintain HVAC systems in residential and commercial properties.

Salary: $48,630

Job Growth: 5%

Requirements: Technical school and/or an apprenticeship

8. Plumber

Description: Install and repair plumbing systems in homes, factories, or businesses. Plumber roles may include on-call emergency hours.

Salary: $59,880

Job Growth: 2%

Requirements: High school diploma or equivalent

9. Drafter

Description: Digitize and convert architecture and engineering drawings using software.

Salary: $60,290

Job Growth: -3%

Requirements: Associate’s degree or technical certification

10. Sales Rep, Wholesale and Manufacturing

Description: Sell goods, at wholesale, to businesses and organizations.

Salary: $62,890

Job Growth: 4%

Requirements: Depends on the industry. Technical sales roles may require certification beyond a high school diploma.

11. Physical Therapist Assistant

Description: PT assistants work alongside physical therapists in a medical setting to help patients regain mobility.

Salary: $49,180

Job Growth: 24%

Requirements: Associate’s degree, licensing, or certification

12. Radiation Therapist

Description: Administer radiation to patients in a hospital setting.

Salary: $82,790

Job Growth: 6%

Requirements: Associate’s degree

13. MRI Technician

Job Description: Operate the MRI machine to examine patients, and interpret scans.

Salary: $61,980

Job Growth: 6%

Requirements: Associate’s degree

14. Programmer

Description: Write and test code for a variety of programs and software across industries and verticals. Programming is considered a popular job choice for antisocial people.

Salary: $93,000

Job Growth: -10%

Requirements: Historically, roles have required a Bachelor’s degree. Recently, employers are considering candidates with certifications or bootcamp training.

15. Postal Service Workers

Description: Process, collect, and deliver mail to homes and businesses.

Salary: $51,730

Job Growth: -6%

Requirements: High school diploma or equivalent

16. Claims Adjuster, Appraiser, Examiner, and Investigator

Description: Examine and appraise insurance claims, from automotive to residential or commercial building damage.

Salary: $64,710

Job Growth: -6%

Requirements: For most entry-level roles, a high school diploma or equivalent is required. In some industries, such as auto damage appraisal, a certification may be required.

17. Construction and Building Inspector

Description: Inspect residential and commercial buildings to ensure they adhere to local codes and specifications.

Salary: $61,640

Job Growth: -4%

Requirements: High school diploma or equivalent

18. Court Reporter and Simultaneous Captioner

Description: Create exact transcripts of exchanges, including courtroom proceedings, or live captioning on television.

Salary: $60,380

Job Growth: 1%

Requirements: Training or certification

19. Sound Engineering Technician

Description: Maintain sound systems for live performances, broadcasts, and other programming.

Salary: $48,790

Job Growth: 10%

Requirements: Varies but often includes technical certification

20. Police Detective

Description: Gather facts and investigate crimes. Some police departments are currently offering generous signing bonuses.

Salary: $66,020

Job Growth: 3%

Requirements: Police Academy completion and on-the-job training

Recommended: Top 20 On-Campus Jobs

21. Electrician

Description: Repair, install, and maintain electrical systems.

Salary: $60,040

Job Growth: 7%

Requirements: High school diploma or equivalent

22. Brick Mason

Description: Use concrete, stone, or brick to build structures.

Salary: $48,040

Job Growth: -2%

Requirements: Trade school or apprenticeship

23. Insurance Sales Agent

Description: Sell insurance, including home, life, and automotive. This is an excellent work-from-home job for retirees.

Salary: $49,840

Job Growth: 6%

Requirements: High school diploma or equivalent

24. Medical Sonographer

Job Description: Operate sonography or other specialty equipment in a medical setting to create digital imaging of patients.

Salary: $75,380

Job Growth: 10%

Requirements: Associate’s degree

25. Information Security Analyst

Description: Create and maintain security for a business’s computer networking systems.

Salary: $102,600

Job Growth: 35%

Requirements: Some employers may require a Bachelor’s degree, but other roles call for on-the-job training or IT certifications instead.

The Takeaway

There’s a potential to earn a high salary in many jobs that don’t require a college degree. However, it may require some research and certifications beyond a high school diploma. Some jobs that pay well, don’t require a degree, and may even be enjoyable range from the medical field and construction to computers and insurance. If you know someone who’s a brick mason or a sonographer, take them out for coffee to get the inside scoop. You might even offer to shadow them at work to find out what their industry is really like.

No matter your salary, it’s important to pay attention to your spending and saving. SoFi’s budget tracker tool gathers all your finance info in a single money tracker app. Look at spending patterns, set financial goals, and monitor your credit score for free.

Track your money like a champion with SoFi.

FAQ

What is the easiest job that pays the most?

One of the easiest jobs that pays the most is working as a makeup artist on film, television, and live theater. However, the role requires experience to reach the highest income levels.

What is the easiest job to get without a degree?

Depending on the industry, it can be relatively easy to get a job in sales with little to no prior experience. However, the role may include on-the-job training to get you up to speed.

What jobs pay a lot but are easy?

There are many jobs in the healthcare space that don’t require manual labor but pay well. This includes roles such as radiation or MRI technician.


Photo credit: iStock/damircudic

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