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Guide To Budgeting Living Expenses
https://www.sofi.com/learn/content/budgeting-basic-living-expenses/
You’re undoubtedly used to those bills coming in every month, such as your housing costs, food, and car insurance, but you may sometimes wonder if there’s a way to better manage them. Budgeting for your recurring living expenses can help you take control of your cash and spend and save smarter. While there are various […]
How to Create a Home Budget: Step-by-Step Guide
https://www.sofi.com/learn/content/creating-a-household-budget/
Managing your everyday expenses as part of a household can sometimes get complicated. Your finances have been on track, say, but then a frigid winter arrives and sends your heating bill soaring. Or you suddenly have to account for a new sofa purchase and realize you’re perilously close to overdrafting. Wrangling one’s cash flow and […]
The Envelope Budgeting Method: What You Need to Know
https://www.sofi.com/learn/content/envelope-budgeting-method/
Finding the right budgeting system to help you manage your money is a valuable step toward financial wellness, and one system to consider is the envelope budgeting system. This is a very tangible, physical system in which you divide up a month’s worth of cash to be spent into good old-fashioned envelopes, organized by category.This […]
Budgeting as a New Nurse
https://www.sofi.com/learn/content/budgeting-for-nurses/
When Jennifer S. clocked in on her first day of work as a nurse at a major hospital, she remembers thinking, “I’ve got this.” And she did. Nursing school had prepared her well for working in the emergency room. She felt less confident about navigating her finances, however. Jennifer had to balance her living expenses […]
What Are Sinking Fund Categories?
https://www.sofi.com/learn/content/sinking-funds-categories/
Sinking funds are tools that people or businesses can use to set aside money for a planned expense. For instance, you may know that you want to take a vacation next year, so you may start putting cash in an envelope in order to save up for that vacation. That, in effect, is a sinking […]