SoFi Blog

Tips and news—
for your financial moves.

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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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music festival

Summer Music Festival Rundown

Summer’s almost officially here. And for live music enthusiasts that means one thing: it’s time to start making those 2019 music festival dreams a reality.

There are a whole lot of options out there. The 2018 season saw over 150 festivals to choose from. It’s highly likely that 2019 will offer the same abundance of awesome and be a good year to hit the road with your pals, see some live music, and make some new memories.

With all those choices and options, you might have to do some planning. Here’s our guide to some of the top music festivals this summer, with some tips on how to maybe save and manage cash along the way.

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mother on couch with family

15 Fun Mother’s Day Activities

Mother’s Day often includes breakfast in bed, flowers, or brunch with mimosas and a lovely gift. But this year, why not change things up a bit with an entire day that’s no work, all fun, and all about Mom. There are tons of fun things to do on Mother’s Day, ranging from traditional gifts and cards to experiences to a nice long nap.

Whether you’re planning something for your own mother, partner, daughter, or other moms in your life, one way to make the day memorable and thoughtful is to be on the lookout for clues to make it her best day ever.

Does she want to see a new movie or wish she had time to get her nails and hair done, or go for a hike? Maybe there’s a local festival she’s mentioned in passing, a winery she’s always wanted to visit, or a book she’s been dying to read.

Here’s a list of fun Mother’s Day ideas that can include the whole family, but are all about Mom.

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grilling avocado

4 Summer Splurges that May Not Be Worth It

Summer is almost here and the long, lazy days are in full swing. The hazy heat and extra sunlight are cause for celebration. Days spent cooling off at the beach or pool and summer nights spent enjoying time with friends and family—is there anything better?

All of the summer fun can lead to some serious spending, though. It can be easy for summer to feel like the season of perpetual vacation, treating yourself to iced lattes and trips to the local ice cream stand.

When your friends are frequenting rooftop happy hour and splurging on tickets to outdoor concerts, it can be difficult to reign in your spending. The fear of missing out can make it easier for people to spend money on things they don’t actually want or need. One recent study found that of the 1,045 participants aged 18 to 34, nearly 40% said they had gone into debt to keep up with their friend’s lifestyles.

Especially in today’s social media obsessed world, it can be easy to feel left out when you’re sitting at your desk envious of a Facebook friend’s trip to Fiji. One of the biggest drivers of consumer behavior is social comparison.

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