SoFi Blog

Tips and news—
for your financial moves.

bride and groom showing their feet

Who Pays for the Wedding?

The decision for who pays for the wedding is not something to gloss over. Seriously, in this day and age, it’s all over the map, and is ultimately up to the happy couple and their families.

In other words, keeping your expectations in check until you’ve heard from everyone involved is probably wise. Your parents may not be prepared to pony up nearly as much as you thought. And your friends may balk if you expect them to pay for formalwear, too many parties, or travel for a destination wedding.

Times are changing. Turns out, the average bride and groom in the U.S. pay almost as much toward their wedding expenses (41%) as the bride’s parents do (45%).

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work out woman in sand with smartphone

Getting Financially Fit This Summer

Summer is on the horizon, and with the new season comes warmer weather and longer days. Some people might be committing themselves to new fitness regimes to feel healthy and look great during the summer months. This same attention to your physical health and wellbeing could apply to your finances as well.

By prioritizing your financial fitness, you could spend this summer reaping the benefits of a healthier relationship with your money. But what is financial fitness, you ask? Much as physical fitness is a way to increase and maintain your body’s wellness, financial fitness could help you improve and maintain your financial wellness.

Now is the perfect time to establish new, constructive fiscal practices and recommit to basic money habits that can help you stay financially fit throughout the year. Read on for five ways to “exercise” better financial choices this summer.

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What rate discounts do you offer?

The following interest rate discounts are available:

● You can get a 0.25% interest rate reduction when you sign up to make automated payments from your checking or savings account. Learn more about SoFi’s autopay discount on our repayment options and examples page.

● If you or your cosigner are an existing SoFi Member and this is your first SoFi Private Student Loan you will get an additional 0.125% interest reduction on your SoFi Private Student Loan.

● If you have taken out a private student loan with SoFi before, we’ll give you a 0.125% discount automatically when you take out your new loan.

● You and your cosigner may also be eligible for 0.125% discount on other SoFi loans such as personal loans and home loans.

Find out more about SoFi’s Member Rate Discount eligibility requirements here.

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hands wrapping a gift

5 New Baby Gifts (That Are More Useful Than Clothes)

Of course, there’s nothing wrong with giving expectant parents baby clothes (and those adorable little outfits can be so tempting to buy!). But, babies grow out of clothing quickly. Depending upon how fast they grow, you may purchase clothing that seasonally just doesn’t match with the baby’s size—and so, they never get worn.

Instead of buying the first cute outfit you see, think about a gift that might be more impactful than clothes. We’ve compiled five new baby gift ideas that are both thoughtful and practical—and go beyond the onesie.

These gifts range from those that can meet an immediate need to those that help parents to plan for their child’s future. Each of these ideas will work just as well as new baby girl gifts as they do for baby boys (and vice versa!).

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