SoFi Blog

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.

You can thank your dad for countless life lessons. Maybe he taught you how to ride a bike, or how to drive. But how can you thank the man who never seems to want anything? Fathers can be notoriously difficult to shop for. If you’re drawing a blank about what to get your dad for Father’s Day, you’ve come to the right place.

Between managing your overflowing inbox, handling budget reports, and attending all of the meetings on your calendar, multitasking may be your default mode of operation. While you may feel like you’re operating at peak efficiency as you toggle between countless windows, in reality, constantly changing your focus may be wreaking havoc on your productivity.

The same logic can be applied to your finances. Trying to juggle multiple priorities when it comes to money can feel overwhelming. If you’re taking a flexible approach with your finances, you may not have a plan for your income. And that can leave you wondering how to allocate your money after paying your bills.

Should you save or invest? Or are you going to spend some of your money on a trip or purchase? The ability to multitask can be an asset, but it can also allow distractions to prevail. But is multitasking actually bad?

Tariffs, IPOs…and Salty Chips

May. Springtime. Three-day weekends. It’s usually a time to celebrate Star Wars, not initiate trade wars, but that’s not how it went down this year. That, plus some chip drama and some new murmurs about Bitcoin made for a spicier-than-usual month in the markets. On top of that, the IPOs kept popping. Yep, 2019 has been ripe so far for some delicious market news.

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more. Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

Massachusetts senator and Democratic presidential candidate Elizabeth Warren is taking charge of the heated national conversation regarding out-of-control college tuition costs. In April 2019, she released a $1.25 trillion proposal that addresses increasing college expenses and the widening student debt crisis.

“Higher education opened a million doors for me,” the senator wrote when she introduced the plan in a post on Medium . “It’s how the daughter of a janitor in a small town in Oklahoma got to become a teacher, a law school professor, a U.S. Senator, and eventually, a candidate for President of the United States. Today, it’s virtually impossible for a young person to find that kind of opportunity.”