What’s Your
Next Money Move?

Our mission is to help you Get Your Money Right^®—
which begins by taking the first step. Get started with SoFi’s
eight essential money moves, developed to help our
our nearly 4 million members work toward financial independence.

Choose the moves that move you.

Your journey to financial independence is just that—yours.
Tap through to discover which paths may be a good fit for
your situation and goals.

If you’re living paycheck to paycheck…
Safety Net

• Start tracking expenses.
Knowledge of where your money is going is power—and a great place to start.

• Take charge of credit card debt.
Getting into high-interest credit card debt can make saving more difficult—but if you do have it, consolidating your debt can make it more manageable.

• Limit impulse buys.
While non-necessary spending is a part of life (hello online shopping!), the trade-off is saving more so that you have more cushion.
Learn more about this move
Moves to Try Next
- If you’ve got an employer match…
  
  Learn more →
- If you have high-interest debt…
  
  Learn more →
If you’ve got an employer match…
401(k) Match Maneuver

• Make sure you’re meeting the minimum to qualify.
Adjust your contribution so that you don’t miss out on the match.

• Track how much of your paycheck is going toward your 401(k) so you can stay on top of your budget and save elsewhere.

• Don’t forget your old 401(k) when you get a new job.
Generally, you can leave it, transfer it to your new plan, or rollover to an individual retirement account.
Learn more about this move
Moves to Try Next
- If you have high-interest debt…
  
  Learn more →
- If you don’t have an emergency fund…
  
  Learn more →
If you have high-interest debt…
Payoff Plan

• Make a list of all your debt.
Order it from lowest to highest balances so you can keep track of all of it.

• Consider the SoFi Fireball Method.
This involves tackling any debt that has an interest rate greater than 7% (aka “bad debt”) before you move onto lower-interest debts (while still making minimum payments on all your debt, of course).

• Consider refinancing or consolidating your debt.
Whether you have a student loan or high-interest credit card debt, this option could help you pay it off sooner.
Learn more about this move
Moves to Try Next
- If you don’t have an emergency fund…
  
  Learn more →
- If you aren’t saving enough for retirement…
  
  Learn more →
If you don’t have an emergency fund…
Rescue Reserves

• Calculate what three to six months’ worth of expenses looks like for you.
Take a look at an overview of your finances to help you do the math. Some online tools exist to make this easier.

• Automate contributions to make it easy.
Putting your savings on autopilot can help you set aside cash to put toward your goals.

• Make sure your funds are accessible so you can access them when you need them.
Once you set up your emergency fund, you can put extra cash in places that can help you save long term.
Learn more about this move
Moves to Try Next
- If you aren’t saving enough for retirement…
  
  Learn more →
- If you’re saving for college, a home, or other big goals…
  
  Learn more →

If you aren’t saving enough for retirement…
Retirement Route

• Determine the right retirement account for you.
Your current employment, income, and other factors can determine whether you opt for a Traditional, Roth, or SEP IRA.

• Start somewhere.
Whether it’s a 401(k), 403(b), or an IRA, save where you can, aiming for 15% of your pre-tax income toward retirement if possible.

• Talk to a financial planner to map your retirement goals and how you might reach them.
They can explore financial strategies to fit your vision for your golden years.
Learn more about this move
Moves to Try Next
- If you’re saving for college, a home, or other big goals…
  
  Learn more →
- If you have a student loan or mortgage…
  
  Learn more →
If you’re saving for college, a home, or other big goals…
Goal-Getter Game Plan

• Determine how long of a timeline you’ll need to hit your goals.
This will help you know whether to save in cash (for the shorter term) or investments (for the longer term).

• Save more often—without even thinking about it.
You can automate your savings by getting tools that make it easy, like cards with roundups or cash back credit cards.

• Start investing your way.
Whether you want to automate your portfolio, trade your own stocks, or buy parts of stocks—there are lots of options to put your money to work toward long-term goals.
Learn more about this move
Moves to Try Next
- If you have a student loan or mortgage…
  
  Learn more →
- If anyone depends on you for financial support…
  
  Learn more →
If you have a student loan or mortgage…
Good Debt Method

• Try to get the lowest rate you can.
“Good” debt is any loan with an interest rate lower than 7%—but a lower rate can be even more manageable. If you can refinance your student loan or mortgage at a lower rate, that could mean significant savings over the long-term.

• Consider putting extra cash in the market.
Instead of throwing all your extra cash at low-interest debt, consider putting some of that money to work in an investment account.

• Use cash back rewards to accelerate good debt paydown.
Credit cards that earn cash back rewards could be used to help you pay down your debt.
Learn more about this move
Moves to Try Next
- If anyone depends on you for financial support…
  
  Learn more →
- If you’re saving for college, a home, or other big goals…
  
  Learn more →
If anyone depends on you for financial support…
Protection Reflection

• Protect your loved ones first.
If you haven’t looked into disability or life insurance policies, or drafted a will, make sure they’re covered should something happen to you.

• Make sure your assets are protected, too.
Whether it’s your home, apartment, or your car, insurance can help ensure you’re covered.

• Talk to a financial planner to make sure you have all your bases covered.
A financial planner can help you identify everything you’ll need to take care of.
Learn more about this move
Moves to Try Next
- If you aren’t saving enough for retirement…
  
  Learn more →
- If you’re saving for college, a home, or other big goals…
  
  Learn more →

Talk it through with a
SoFi financial planner.

Still unsure where to start? We’ve got you. Our complimentary financial planners are here to help you navigate your unique financial situation.

Make an appointment

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all in one app.

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What’s Your Next Money Move?

Choose the moves that move you.

If you’re living paycheck to paycheck…

Moves to Try Next

If you’ve got an employer match…

If you have high-interest debt…

If you’ve got an employer match…

Moves to Try Next

If you have high-interest debt…

If you don’t have an emergency fund…

If you have high-interest debt…

Moves to Try Next

If you don’t have an emergency fund…

If you aren’t saving enough for retirement…

If you don’t have an emergency fund…

Moves to Try Next

If you aren’t saving enough for retirement…

If you aren’t saving enough for retirement…

Moves to Try Next

If you’re saving for college, a home, or other big goals…

If you have a student loan or mortgage…

If you’re saving for college, a home, or other big goals…

Moves to Try Next

If you have a student loan or mortgage…

If anyone depends on you for financial support…

If you have a student loan or mortgage…

Moves to Try Next

If anyone depends on you for financial support…

If you’re saving for college, a home, or other big goals…

If anyone depends on you for financial support…

Moves to Try Next

If you aren’t saving enough for retirement…

If you’re saving for college, a home, or other big goals…

Talk it through with a SoFi financial planner.

All your money, all in one app.

What’s Your
Next Money Move?

Talk it through with a
SoFi financial planner.

All your money,
all in one app.