SoFi Blog

Tips and news—
for your financial moves.

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Understanding Financial Cheating and What to Know

It can often start out innocently enough. One partner, who may be better with handling money and finances (or more willing to take on the responsibilities) offers to pay the bills and balance the checkbook every month.

However, with time, the spouse not paying the bills may begin to wonder how things are going: are the credit cards paid on time? How about the mortgage and car payments?

If you’re experiencing financial cheating or are dealing with an overspending spouse, first remember that what doesn’t kill you makes you stronger. A financial challenge like this one can have a positive outcome and set you on an even better path than the one you were on before.

It can be the one incident that may draw you closer as a couple (once the problem is confronted and on its way to being resolved).

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Quantifying the Value of Extra Student Loan Payments

Barnum Financial Group recently added a student loan contribution program to the list of benefits available to their new advisors—and, during our conversations with them, we talked about how a principal payment from an employer has value beyond the amount of the actual monthly contribution.

For example, when you front-load the amount of money put down on a student loan, you can pay the loan down more quickly and reduce the amount of money that’s paid back, overall.

To help quantify the value of an employers’ contribution to your student loan debt, you can use our student loan debt navigator tool.

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Your 2019 Market Commentary

The start of the year is a common time for reflection, and last year was an amazing year in the markets. Despite geopolitical headwinds, the U.S. stock market reached all-time highs and all major asset classes around the globe ended the year in positive territory.

As you settle into the new year, let’s recap some major highlights from last year along with some potential developments to monitor.

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Furnishing Your Apartment on a College Student’s Budget

After a few years in the dorms, you and your friends are thrilled to be moving into your very own college apartment. You have grand plans for decorating the space to highlight each of your eclectic styles and make it feel like a relaxing sanctuary you can return to after a busy day of classes and meetings on campus.

Unfortunately, your bank account has other ideas. The list of decor you’ve compiled isn’t exactly in line with what you can realistically afford on a college student’s budget. You may have to forgo the Himalayan salt lamp for more practical apartment additions like, you know, dishes?

With a little effort (and some flexibility in your wish list) you can find ways to furnish your apartment on a budget.

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Should You Pay Off Your Undergraduate Loans Before Grad School?

Continuing your education through graduate school can be an exciting decision. Grad school can mean an opportunity to further your knowledge and expertise in your chosen field, and may lead to a lucrative and fulfilling career. But all that potential often comes with a shiny price tag.

The average graduate student spent approximately $24,812 on grad school costs during the 2016-17 school year, according to the most recent “How America Pays for Graduate School” report by Sallie Mae.

In reality, the actual cost of getting a graduate degree can vary widely due to a number of different factors including the type of degree you are pursuing and enrollment status.

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