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.

What is it about money and the heart? We try to make rational decisions about buying houses, investing for retirement, even something as simple as deciding on a household product. We think we can take emotion out of the equation.

The truth is, we can’t. There’s no such thing as a completely logical decision. Every choice we make is a mix of rational thinking and emotional desire. And that can be a dangerous cocktail when your personal finances are at stake.

What’s more, most people are largely unaware of their subconscious desires and motivations and fail to take them into consideration when making decisions. You can help to make sound financial decisions every day if you follow some simple guidelines. Even better, you can improve your decision making by taking the steps to uncover the emotion behind the money.

The beauty of college is it’s one of the only times in your life where your primary responsibility is to learn and grow. But all of this freedom to expand your horizons can come with a hefty price tag.

The average cost of tuition at a private undergraduate college during the 2018-2019 school year was $35,676. The rising cost of attending college has also caused student loan debt to skyrocket—Americans collectively owe $1.5 trillion in student loan debt .

When faced with the reality of tuition costs, room and board, books, school supplies, and other living expenses, a college student’s budget can be extremely tight. If you’ve been left wondering “how to make money as a student,” one way is to improve your personal cash flow.

Finding a side hustle that works in your busy student schedule can be a great way to combat the high cost of attending college. Here are some tips on how to earn money in college, without taking too much time away from your studies and social life.

The Millennial generation has become synonymous with student loan debt, swiping right and left on dating apps, and taking a political stance, whether for the right, left, or anywhere in between. These associations also have a tendency to bleed together: beliefs about money, love, and politics all impact one another in interesting ways.

So, for this Valentine’s Day, we surveyed over 1,000 millennials (ages 25-35) across the U.S. to see how they are navigating these topics and found some trends that surprised us.