SoFi Blog

Buying a home can be a source of new excitement in your life—but it can also be the source of a bunch of new problems. Once you’ve made it through the whole house-hunting process and closed on a home, there’s still plenty to think about, from considering home renovations, to hiring contractors, to dealing with moving expenses. And of course, while you’re handling all of this, you’re still paying your new mortgage every month.

A Closer Look at the State of the U.S. Economy

It’s been a relatively quiet month for the market. Equities and fixed income continue to grind higher as investors doubt a near-term revival in inflation. And, with little expectation that tax cuts will be implemented this year, the markets have taken little notice of the relentless political drama coming out of Washington. Given the lack of major market events, we’re taking a step back to focus on the unique state of the U.S. economy right now, how the Federal Reserve might respond, and what it means for the market.

If you just graduated from nursing school, personal finance is probably the last thing on your mind. You’ve burned the midnight oil memorizing medical terms that sound like a foreign language. You’ve put in rough clinical hours dealing with trying patients. You’re cramming for the NCLEX. And you’re ready to get out there and just do the job.

You might be thinking, “I went to school for a solid career, so the money will take care of itself.” Nurses do make pretty good salaries—you’re not wrong about that. In 2016, on average nurse practitioner made nearly $105,000 a year, registered nurses made more than $72,000, and practical and vocational nurses made $44,000. Demand for nurses of all stripes is growing, with the number of positions expected to increase between 16 and 31%, depending on the role, in the decade through 2024, according to the Bureau of Labor Statistics.

Living as an engineering student for years, on a student budget, requires a very special set of financial survival skills. Ingrained habits like living frugally, postponing major expenses, and maybe not looking too hard at your debt balances while your loans are in deferment are necessary for getting through when money is tight.

As a newly-minted engineer, you should enjoy the rewards of completing this stage of your education, because you’ve certainly earned it. But don’t let the frugal mindset that propelled you during your college years start to withdraw as those first hefty engineering salary paychecks roll in. Even if you don’t see yourself becoming a big spender, when the transition from student to full-time employment happens, it’s easy to just tear up your student budget without creating a new one.

Finding your dream home can be tricky, especially in a tough real estate market. Currently, home sales are falling nationwide due to a housing shortage that’s keeping prices high, making the process especially thorny. That’s why so many people are turning to home renovations to convert an eh, it’ll do house into a dream home. In fact, according to a survey by HomeAdvisor, home renovation spending is expected to continue to rise in 2017, with 80% of homeowners planning projects in the next 12 months.

Kate McKeon was one of those people. After growing up all over, from Sacramento to Europe, McKeon went to the University of Southern California to get her bachelor’s degree. She thought she was ready to become a Midwest girl during law school in Michigan, “then it got to be October,” she joked, and cold. She returned to L.A. in 2009, where she was ready to take another big step: Becoming a foster parent.