SoFi Blog

Tips and news—
for your financial moves.

Our New Partnership with Home Improvement Platform Kukun

Today, we’re excited to announce that we’ve partnered with home improvement platform Kukun (pronounced “cocoon”) to offer the homeowners amongst you advanced new tools to help you gain a greater understanding of how much your home improvement project could cost and how it can affect the resale value of your home.

With Kukun and SoFi’s Home Improvement Cost Calculator, you can estimate the cost of over 28 project types, ranging in price from $10,000 up to $300,000, including renovations and expansions so you can accurately estimate your house renovation costs or remodeling costs.

Read more
College student outside with backpack

Best College Fit: Three Categories to Consider

In general, high school students are encouraged to apply to colleges during the summer before their senior year. This creates a doable timeline, one that allows them to choose the best college fit for their needs. People who are going back to school after time in the workforce generally follow the same guidelines—applying to school about 10 to 15 months prior to their targeted start date.

But how many colleges does it make sense to apply to? The Princeton Review recommends: two target schools, two reach schools, and two safety schools. Selecting a thoughtful balance of schools generally leads to less stress throughout the application process, especially when compared to students who apply to dozens of universities, expecting responses from all.

By carefully curating a list of schools, students are generally left with options within their financial reach and a little less anxiety. Although no one application strategy applies to every single student, hopefully this list is a good starting point.

Read more
Woman's hands holding engagement ring

How Much Should I Spend on an Engagement Ring?

There’s an old rumor floating around out there about how much to spend on an engagement ring, and it goes like this: When you’re ready to propose, you should spend the equivalent of two months’ gross salary on the engagement ring.

Two months? That’s a lot of money.

Well, we have good news: it’s simply not true. The two-month “standard” holds no weight or authority from any expert. In fact, it’s nothing more than an old marketing campaign that fed its way into the lexicon via catchy slogans and peer pressure. What’s more, the digital age has allowed us to grow into savvy shoppers who understand that making a large purchase based on hearsay isn’t the way to go.

Read more
Wedding couple on beach

The Real Cost of Destination Weddings & How to Finance Them

If you’re already planning a destination wedding, or just starting to daydream about tying the knot under the stars on a beach in Bali, you’re not alone. Destination weddings are on the rise as couples look to make their big day an unforgettable experience, not only for each other but for family and guests. In fact, more couples than ever are choosing unique weddings over traditional black tie affairs, and a whopping 25% of couples chose destination weddings last year.

Destination weddings, which are technically any wedding held more than 100 miles or so from your home, are increasing in popularity for a few reasons. On one hand, more and more families are spread out, which means that you might pick a wedding venue that is an equidistant trip for most guests out of convenience.

On the other hand, many couples see destinations weddings as a chance to create the ultimate wedding experience for them and their guests, whether that means coming from California for a blow-out wedding at the New York Public Library, or meeting your friends for a weekend on the Riviera Maya for an oceanside ceremony.

Read more
Overhead of freelancer at laptop

4 Negotiation Tactics for Tech Freelancers

As a freelancer, you can live anywhere, plan your own schedule, and work on a wide variety of projects. On the flipside, all that freedom means it’s up to you to meet your income needs.

If you’re looking to land higher-paying freelance tech jobs, you may want to consider working with agencies. Often, agencies turn to contract workers with specialized tech skills—like engineers, developers, designers, and other creators—to supplement their in-house teams.

Freelance rates for designers and other technical workers can be all over the map. But, because agencies are highly motivated to keep their clients satisfied, they often pay competitively to attract the best talent for the job.

Read more
TLS 1.2 Encrypted
Equal Housing Lender