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The prospect of getting hitched often gives a couple butterflies — about the enormous cost of their wedding. But marrying your special someone doesn’t have to mean going into debt. A wedding planning and budget breakdown can help you prioritize which elements matter most to you, so you can achieve the wedding of your dreams without going overboard.

We’ll review the average wedding cost breakdown of common wedding items big and small, mistakes to avoid, and cost-cutting tips that will make the whole process easier on your wallet and your peace of mind.

Average Cost of a Wedding

Based on a 2023 SoFi survey of 1,000 people, the median cost of a wedding is $10,000. As you might expect, individual figures can vary greatly: If you get hitched in the grand ballroom of a hotel in Chicago with sweeping views of Lake Michigan, it’s going to be much pricier than gathering with just immediate family and your best friends to exchange vows by that same lake.

In real life, the average cost of a wedding varies widely based on location. In Tampa, FL, and Minneapolis, MN, wedding expenses total around $30,000, according to The Knot. Over in Boston and San Francisco, the big day exceeds $50,000. Worth noting: These figures represent average wedding costs, which can be misleading. Just one lavish wedding, for example, can skew the average to be higher than what most people actually paid.

We’ve rounded up the items that will account for most of your wedding budget.

Major Costs to Include in Your Wedding Budget Breakdown

Next, consider this breakdown for a major, $30,000-plus wedding with all the bells and whistles. While the median cost of a wedding is considerably lower, this will give you an idea of how expenses may be broken down. Most couples go all-in on just one or two priorities for their big day.

Average Wedding Costs
Venue	$12,800
Engagement Ring	$5,500
Live Music	$4,300
Photographer	$2,900
Rehearsal Dinner	$2,750
Flowers	$2,800
Videographer	$2,300
Wedding Dress	$2,000
DJ	$1,700
Invitations	$530
Wedding Cake	$540
Favors	$450
Hair and Makeup	$290
Catering	$85/person

Source: The Knot

Mind you, these are the costs incurred by and for the bride and groom. The groomsmen and bridesmaids will incur their own costs for being in the wedding.

Figure Out What You Can Afford

No one is born knowing how to plan a wedding. To set your wedding budget, start by asking yourself a few questions:

•   How much of your savings are you willing to use for your overall wedding budget?

•   Are your parents or other relatives planning to contribute financially?

•   How much can you reasonably save each month from your salary? A spending app can help you monitor expenses and stick to your budget.

•   How long will it take to save the amount of money you need?

•   Is a wedding really worth the amount of money you want to spend on it?

•   Should a one-day event take priority over other life goals, like traveling together, starting a family, or owning a home?

Getting clarity on these answers will help you come up with a starting number.

Recommended: What Are the Tax Benefits of Marriage?

Typical Wedding Budget Allocation

Budget allocation involves assigning a percentage of your overall fund to each category. Use the percentages below to get a rough idea of how much you can pay for your venue, catering, etc. According to The Knot, a typical budget allocation looks like this:

Wedding Budget Allocation
Venue	37%
Catering	28%
Live Music	12%
Wedding Rings	9%
Alcohol	8%
Photographer	8%
Flowers	8%
Videographer	7%
Couple’s Attire	7%
Wedding Planner	6%
Lighting & Decor	5%
DJ	5%
Guest Entertainment	3%
Transportation	3%
Hair & Makeup	3%
Stationery	2%
Cake or Desserts	2%
Favors	1%
Officiant	1%

These numbers don’t add up to 100% because alternative options are offered for the same category, such as live music, DJ, or guest entertainment. In combination with the average wedding costs table above, you should be able to project your total budget without any major surprises.

Common Wedding Budget Mistakes to Avoid

•   Not budgeting enough. Many couples underestimate the amount of money they’ll spend on a wedding. When there’s no plan, everything becomes a priority and you’ll go through money faster than you can imagine. Be sure to make both a wedding budget and a savings plan to make it happen.

•   Not communicating with loved ones about the budget. If you have parents or other loved ones helping to cover expenses, be sure to have a conversation with them to avoid overestimating their contribution.

•   Not saving long enough. Once you know how much you’ll need, be realistic about how long it will take you to save that money. You may want to consider pushing back your wedding date to have enough time to save for it. (Too late to save up? Learn about wedding financing options.)

•   Going into debt. Many couples put wedding expenses on a credit card. If the balance isn’t paid off within the month, you’ll end up paying high interest rates on top of what you budgeted.

•   Forgetting to budget for unexpected costs. Surprise bills always come up. Keep a small amount reserved for unexpected wedding expenses.

•   Not keeping track of your spending. With wedding expenses, it’s easy to lose track of which bills you’ve paid. A money tracker can help you stay organized.

7 Cost-Cutting Tips When Planning a Wedding on a Budget

If your list of wedding expenses far exceeds your budget, don’t panic. Trimming your costs isn’t so hard if you know how to go about it. These ideas can help.

1. Limit Your Guest List

Consider shortening your guest list to include only close friends and family members. This can be a blessing in disguise for certain types of weddings. For instance, a destination wedding is especially difficult to coordinate for more than 100 people.

2. Host the Ceremony or Reception at Home or Outside

The wedding venue is often your biggest expense — unless you move the ceremony outside or to a private home. Depending on the location, you can reserve a park pavilion for around $100. A permit to hold a wedding ceremony at a national park is around $385. Forgoing a fancy venue puts a lot of money back in your pocket.

Recommended: Should I Sell My House Now or Wait?

3. Source Second-Hand Items

Utilizing a few previously owned items is a real budget saver.

•   Wedding decor. Gently used decor is often sold online at a fraction of the cost. Keep your eye on Craigslist, Facebook Marketplace, eBay, and Etsy for items that work with your theme.

•   Wedding dress. A wedding dress that costs thousands brand-new can be thrifted for a few hundred dollars. If you really want to save money on wedding attire, consider borrowing a dress from a good friend or family member.

4. Ask Friends and Family to Gift Their Skills

Do you have a photographer in your network? What about an aspiring caterer or florist? While it’s worth paying for their skills, you can also try exchanging something of value. Babysitting for busy parents is always a winner.

You can also ask for services in lieu of a gift. Tactfully articulate your desire to start your new life on a budget, while respecting their need to earn a living. If they say they can’t do it, don’t push.

5. DIY Whenever Possible

Many details that cost a fortune to outsource may be pulled together with the help of friends and family.

•   Centerpieces. Your table decor can be made ahead of time by the wedding party or a group of aunties.

•   Invitations. It’s so easy to make your own wedding invitations. Even if you’re unskilled, you can use online tools like Canva to create your design. Save the result as a photo file for cheap printing. Image files cost as little as 10 cents to print. Compare that to formal invitations that typically cost several dollars each to print.

•   Catering. Know someone who makes an incredible main dish or specializes in smoked barbecue? They may be willing to help out for little more than the cost of groceries and supplies.

•   Flowers. Making your own bouquet from flowers sold at the farmer’s market or grocer is an easy way to save a lot of money. Check out a YouTube video tutorial, and you’ll be on your way.

6. Use a Dummy Wedding Cake

A dummy wedding cake is one that is made just for appearance. It’s frosted to look like a real cake but underneath it’s just Styrofoam or cardboard.

7. Time Your Wedding Strategically

Wedding season traditionally runs from May to October. This is when demand is highest — and prices too. If you can plan a wedding for the off-season (say, December or March), demand and prices are lower. You may be able to get the venue you want for the price you want.

8. Scout Out Vendors

While you’re saving money for the wedding, you might as well suss out suitable vendors and venues at other weddings. Make notes on what you like, and book services way ahead of time for a better deal.

The Secret to the Wedding of Your Dreams

Your dream wedding doesn’t have to spawn a nightmare budget. Be mindful of what you really want and what you can really afford. If a backyard potluck is all it takes to make you happy, then don’t worry about what other people say you “should” do.

Do what you want — and feel great about sticking to a budget that frees up funds for other purposes, like your first home or a lengthy honeymoon. Because saving for a dream wedding is just the first step in a couple’s life together.

The Takeaway

Budgeting for a wedding can help you start married life on the right foot financially. First, find out the average costs in your area for major wedding expenses — venue, catering, music, photography. Then determine how much money you can pull together from family, your current savings, and however many paychecks you’ll receive before the big day.

Budget allocation (assigning a percentage of your funds to each category) can help you separate your wants from needs. For example, you may want a live band and sit-down dinner for 200, but you only need a DJ and lots of passed hors d’oeuvres. If you scrimp on some items, you can splurge on others.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

How should your wedding budget be broken down?

Spend according to your values. If you value how you look, allocate a large portion of your budget to the dress, tuxedo, hair stylist, and makeup artist. If you value memories created by a video, allocate enough budget for that service. It all comes down to priorities. Spend more money on the things that are important to you, and save money on things that are incidental, and you’ll most likely be happy with your decisions.

What is a good budget for a simple wedding?

Since tastes and costs vary so much, it’s hard to offer an exact number for a simple wedding budget. Getting married doesn’t have to cost much more than the marriage license fee, but if you want to celebrate with loved ones, you’ll need to save money to make it happen. With a little creativity, it’s possible to make your wedding ideas come to life on any budget.

What is a low budget for a wedding on average?

For a low-budget wedding where no meals are provided for guests, plan on spending a few hundred dollars. At the very least, you need to pay a fee for a marriage license and an officiant. You can wear something you already have, eat a potluck meal, and take your own pictures — and it will still be magical.

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Photo credit: iStock/Prostock-Studio

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Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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Are you an introvert in search of the perfect job environment? Introverts typically focus on internal feelings rather than external stimuli and need alone time to thrive. Introverts often have excellent listening skills, avoid conflict, take time making decisions, prefer to work alone, and feel drained after being in a crowd.

A part-time remote job can be a good move for introverts. We’ll dive into a list of flexible remote jobs, the pros and cons of each, and how to evaluate remote job opportunities.

What Are Flexible Remote Jobs?

The most basic definition of a flexible remote job is one that allows you to work from home instead of from a traditional office. However, there are some variations on remote work.

Some positions are 100% remote, which means you work from home every day. You do not need to be in an office at all or travel for your job. Hybrid remote jobs are partially remote, which means you may need to travel or spend time in the office for some of your working hours.

Finally, you might have the “option” of remote work. Some employers offer the option to either work from home or go into the office.

Pros and Cons of Getting a Remote Job

There are both pros and cons to getting a remote job. Let’s take a look at them.

Pros:

•   Higher productivity: Remote employees are often more productive because they can get more work done in a quieter working environment with fewer interruptions. They take fewer breaks and experience fewer sick days than those who work in an office. (After all, germs spread throughout an office like wildfire.) In addition, remote workers can often accomplish tasks at a more comfortable pace without having to worry about office drama.

•   Better work-life balance: Working from home can improve your work-life balance, allowing you to spend more time with family, pets, or partner. Employees may also worry less about taking time off to care for a family member.

•   Saves on commuting: Remote work allows you to reduce your carbon footprint by not commuting or taking public transportation. And you don’t need a budget tracker to tell you that not driving to work can also save money on fuel, maintenance, and insurance.

Cons:

•   Fewer teamwork opportunities: Just as it’s difficult to assemble a robust happy hour with a fully online team, it’s also harder to build true camaraderie when you work remotely. It may also be more difficult for managers to build inherent trust with a team that doesn’t see each other every day.

•   Reduced social interaction: As an individual who works remotely, you may find reduced social interaction one of the most obvious downsides of working remotely. It can exacerbate feelings of isolation.

•   Less access to IT support: If you have a problem with your computer or need access to particular software, you might have trouble finding the same type of help as you would in an office.

•   Must be intrinsically motivated: It helps to be a self-starter when you work remotely. If you need the motivation of a team or an office to get you through your workday, you may prefer an in-person environment.

Why Are Remote Jobs Good for Introverts?

Working remotely at home can help introverts find the quiet space they need to focus. You may also find there are mental and physical benefits. For instance, virtual meetings may be less intimidating for introverts, who may have trouble speaking up in large groups.

Remote part-time jobs also help traditional workers earn supplemental income. A free budget app can help you decide how much you need to earn per hour or per paycheck.

Where to Look for Remote Jobs for Introverts

You can find remote jobs for introverts on platforms like FlexJobs.com or WeWorkRemotely.com. Searching “jobs with flexible schedules near me” on Google might even yield some opportunities.

Take a look at company career pages on LinkedIn, or inquire within your personal network. Your friends or family may know of a great connection for a remote job.

How to Evaluate a New Remote Job Opportunity

Let’s say you’ve found a listing with potential. How do you know whether it’s a good opportunity to make money from home? Let’s walk through some ways to evaluate job posts.

Start by researching the company’s culture and values. Try to get a clear understanding of the nature of the company’s remote work. You may also want to find out about opportunities for smaller gatherings with other remote employees for professional or social support.

It’s important to find the right fit even when an opportunity is entirely remote. Culture and overall environment can vary a lot between companies even outside the office.

31 Part-time Remote Jobs With Flexible Schedules

Below, we’ve compiled some remote jobs with flexible schedules that are worth considering, as well as passive income ideas. These roles have different degrees of flexibility, salary ranges, and educational requirements.

Some of these ideas could also be good work-at-home jobs for retirees.

1. Graphic Designer

National average salary: $58,910 per year

Job growth outlook (2023-2033): 2%

Job description: Graphic designers help communicate ideas through visual organization and design. They work on a wide variety of projects for customers, such as advertisements, websites, print materials, and more.

Requirements: Typically requires a bachelor’s degree in graphic design as well as a portfolio to showcase past projects.

2. Accountant

National average salary: $79,880

Job growth outlook (2023-2033): 6%

Job description: Accountants analyze, verify, file, and interpret financial records. They prepare and explain financial statements, and develop financial reporting methods. Accountants work with a wide variety of organizations, from individuals and small businesses to large corporations.

Requirements: Usually requires a degree in accounting or a related field. Accountants can also pursue further certification, such as a Certified Public Accountant (CPA). Advanced certifications may improve your chances of finding jobs with flexible schedules.

3. Computer Programmer

National average salary: $99,700

Job growth outlook (2023-2033): -10%

Job description: Computer programmers work software by writing, modifying, and testing code and scripts. They ensure that software meets performance, reliability, and security standards, update existing programs, and check for errors in code. Programmers work in computer systems design and other related industries.

Requirements: Bachelor’s degree is typically required, and you must also be proficient in several programming languages.

4. Drafter

National average salary: $62,530

Job growth outlook (2023-2033): -1%

Job description: Drafters convert rough engineering and architectural designs into precise technical drawings and plans, using software. The same computer-aided drafting (CAD) programs are used by many industries, outlining the dimensions, materials, and procedures for building. If this sounds intriguing, you may want to learn more about trades that make the most money.

Requirements: Typically requires a drafting degree from a community college or technical school.

5. Insurance Underwriter

National average salary: $77,860

Job growth outlook (2023-2033): -4%

Job description: Underwriters evaluate insurance claims, help decide policy coverage and premiums, and analyze risk using mathematical models. They may assess the risks of home, auto, or life insurance.

Requirements: Usually must have a bachelor’s degree to enter the field, though experience may count in this career. Underwriters must pursue certification to advance to more senior positions.

6. Actuary

National average salary: $120,000

Job growth outlook (2023-2033): 22%

Job description: Actuaries use mathematical formulas to analyze risk, including economic costs, for organizations. They collect and compile statistical data, perform risk assessments, and implement plans based on the data collected. Actuaries also use financial theory to determine risk.

Requirements: Requires a bachelor’s degree and a series of assessments for certification at different levels.

7. Data Scientist

National average salary: $108,020

Job growth outlook (2023-2033): 36%

Job description: Data scientists analyze information using specialized tools and techniques to help organizations derive meaning from numbers. They collect and organize data into useful formats and build predictive modeling for organizations. These scientists extract insights with the goal of increasing efficiency in organizations.

Requirements: Generally must have a bachelor’s degree in mathematics or statistics; some organizations require a master’s or doctoral degree.

8. Desktop Publisher

National average salary: $51,290

Job growth outlook (2023-2033): -13%

Job description: Desktop publishers design page layouts for online printed or published items. They review text, graphics, and other materials created by writers and designers, and use computer software to create various documents and products. Desktop publishers also collaborate with design and media professionals such as graphic designers and illustrators.

Requirements: Typically requires a bachelor’s degree.

9. Bookkeeper

National average salary: $47,440

Job growth outlook (2023-2033): -5%

Job description: Bookkeepers keep track of financial records by recording transactions, creating invoices, handling payroll, and balancing the books for a company. They provide up-to-date information about financial transactions for an organization.

Requirements: Some postsecondary education may be required.

10. Public Relations Specialist

National average salary: $66,750

Job growth outlook (2023-2033): 6%

Job description: Develop and maintain a positive public image for their client. Some public relations specialists deliver speeches or plan and execute meetings and events in the community.

Requirements: Typically requires a bachelor’s degree in an area such as communication or business.

11. Marketing Manager

National average salary: $156,580

Job growth outlook (2023-2033): 8%

Job description: Marketing managers plan and execute various programs to drum up interest in a company and its products. This can involve planning promotional campaigns, such as giveaways or contests, or running advertising campaigns on various platforms.

Requirements: Bachelor’s degree required in a related field, such as marketing, advertising, digital media, communication, website/graphic design, or English.

12. Information Clerk

National average salary: $40,540

Job growth outlook (2023-2033): -1%

Job description: Prepares reports, claims, bills, or orders for their company, and gathers and records information from customers.

Requirements: Generally requires a high school diploma and on-the-job training

13. Medical Records Specialist

National average salary: $48,780

Job growth outlook (2023-2033): 9%

Job description: Medical records specialists process and maintain patient records and after visits may also assign clinical codes for patients’ diagnoses, procedures, and services.

Requirements: A certificate or associate degree may be required.

14. Sales Representative

National average salary: $73,080

Job growth outlook (2023-2033): 1%

Job description: Sales reps sell products over the phone. They find customers, use sales techniques on the customer, and develop relationships to drive future sales.

Requirements: May qualify without formal education, but a bachelor’s in finance, business administration, or marketing may be required. Companies may teach you further techniques in cold calling, finding leads, and using sales techniques.

15. Online Tutor

National average salary: $39,580

Job growth outlook (2023-2033): 1%

Job description: Online tutors do the same things as in-person tutors, including meeting with students one-on-one. However, they meet with students on Zoom or another online method instead of in person.

Requirements: Depends on the subject you teach, but clients/students may prefer tutors who list degrees or credentials.

16. Freelance Writer

National average salary: $73,690

Job growth outlook (2023-2033): 3%

Job description: Freelance writers and authors may write for a variety of media and brands: websites, newspapers, magazines, company documents, and more. Many types of companies hire freelance writers instead of hiring in-house. Aspiring freelance writers can jumpstart their career by trying it out as a side hustle.

Requirements: Writers should have a college degree in journalism, English, communications, or a related field.

Recommended: 10 Entry-level Jobs with Little Human Interaction

17. Film and Video Editor

National average salary: $65,070

Job growth outlook (2023-2033): 3%

Job description: Film and video editors work in film production by editing and assembling videos to inform or entertain an audience. They may manipulate footage, dialogue, sound effects, special effects, and more to create video content for a wide variety of sectors.

Requirements: Typically requires a bachelor’s degree in film or broadcasting to work for a company; on a freelance basis, a degree is likely not required.

18. Project Management Specialist

National average salary: $98,580

Job growth outlook (2023-2033): 7%

Job description: A “PM” controls every stage of a project, from planning to helping execute the final steps. They may schedule milestones, put together a budget, and assign duties to individual participants.

Requirements: Typically requires a bachelor’s degree to work for a company.

19. Information Security Analyst

National average salary: $120,360

Job growth outlook (2023-2033): 33%

Job description: Talk about high-paying jobs with flexible schedules — information security analysts fit that mold perfectly. These analysts keep company data safe from breaches and cyber attacks. They create plans to protect information from cyber criminals and assess system vulnerabilities within the organization.

Requirements: Bachelor’s degree in computer science and experience in the field.

20. Recruiter or Human Resources Specialist

National average salary: $67,650

Job growth outlook (2023-2033): 8%

Job description: Recruiters or HR specialists recruit, screen, and interview job candidates. They might also train, handle benefits and compensation, and work with individuals once they become employees. Those who work remotely may handle the screening part of the interview process or recruit remotely.

Requirements: Typically requires a bachelor’s degree in HR, business, or a related field.

21. Market Research Analyst

National average salary: $74,680

Job growth outlook (2023-2033): 8%

Job description: Market research analysts gather information about consumers and competitors and draw conclusions based on their research to help make decisions about the viability of products or services. They help companies understand the products people want, the demographics of the consumers buying them, and the optimal cost of an item.

Requirements: Bachelor’s degree in statistics, marketing, or a related field. Some employers may require candidates to have a master’s degree.

22. Freelance Editor

National average salary: $75,020 per year

Job growth outlook (2023-2033): -2%

Job description: Editors can work for organizations in many sectors. They may plan and edit content, conduct research, rewrite work, fact check, copy edit, proofread, and more.

Requirements: Typically requires a bachelor’s degree in communications, journalism, or English, as well as writing and proofreading experience.

23. Virtual Assistant

National average salary: $54,496

Job growth outlook (2024-2034): 24%

Job description: Virtual assistants can work for any type of company that requires administrative or clerical work. For example, they may schedule appointments, make phone calls, arrange travel, or manage emails.

Requirements: No degree is required but candidates may need to specialize in a specific area; must have a strong internet connection and an ability to communicate on online platforms.

24. Remote Trader

National average salary: $76,900

Job growth outlook (2023-2033): 7%

Job description: Remote traders handle financial investments, such as stocks, bonds, and other securities on behalf of clients. Traders must have deep knowledge of the stock market to analyze, buy, and sell investments on behalf of clients. Remote traders, who work for themselves and with their own cash, are also called “day traders.”

Requirements: Typically requires a bachelor’s degree to work for a company. If you work for yourself, no degree is required. Must have knowledge of the stock market and trading.

25. Search Engine Optimization Analyst

National average salary: $54,688

Job growth outlook (2021-2031): 19%

Job description: Search engine optimization (SEO) managers coordinate a company’s or business’s SEO strategy — that is, what will drive a website or piece of content to the first page of Google results. They may handle marketing, analysis, content, link building, and keyword strategy.

Requirements: Bachelor’s degree and/or related experience

26. Fundraiser

National average salary: $64,160

Job growth outlook (2023-2033): 6%

Job description: Fundraisers organize events and run campaigns to raise money, typically for nonprofit organizations. Fundraising might not seem as if it’s the best choice for introverted employees. However, a lot of emails exchange hands, and it’s still possible to do the job well even if you’re not the most outgoing individual on your team.

Requirements: A bachelor’s degree is typically required, with strong communication skills — but not necessarily verbal skills.

27. Telemedicine Radiologist

National average salary: $353,960

Job growth outlook (2023-2033): 4%

Job description: Radiologists diagnose injuries and diseases using medical imaging like X-rays, computed tomography (CT) scans, magnetic resonance imaging (MRI) scans, nuclear medicine, positron emission tomography (PET), and ultrasounds. Telemedicine radiologists do all this via computer.

Requirements: Requires a medical degree and a residency in radiology as well as successful completion of certification exams through the American Board of Radiology.

28. Telemedicine Family Doctor

National average salary: $240,790

Job growth outlook (2023-2033): 4%

Job description: Some family physicians offer telemedicine-only options. The position might involve the same type of medicine as a regular doctor’s office, except physicians diagnose mild symptoms only and refer patients to other specialists. If you’re a doctor who finds a regular clinical setting to be too taxing as an introvert, a telemedicine option might be right for you.

Requirements: Requires a medical degree.

29. Telemedicine Psychologist

National average salary: $92,740

Job growth outlook (2023-2033): 7%

Job description: Psychologists observe and help patients cope with cognitive, emotional, and social problems and behaviors. They also help manage illnesses and supervise patient assessments with the overall goal of achieving wellness. Telemedicine psychologists interact with patients via Zoom or similar platforms.

Requirements: Typically requires a doctoral degree in psychology.

30. Medical Transcriptionist

National average salary: $37,060

Job growth outlook (2023-2033): -5%

Job description: Medical transcriptionists convert voice recordings from physicians and other healthcare workers into reports that medical professionals can use.

Requirements: Postsecondary education certificate is required as well as basic medical knowledge.

31. Health Education Specialist

National average salary: $62,860

Job growth outlook (2023-2033): 7%

Job description: Health education specialists help individuals and communities attain health and well-being by delivering plans to achieve specific goals or implement goals prescribed by doctors and other professionals.

Requirements: You typically need to earn at least a bachelor’s degree.

Recommended: What Is The Difference Between Transunion and Equifax?

The Takeaway

Introverts can find a wide variety of remote jobs with flexible schedules. Whether you prefer a second gig or a full-time job, you’ll find great ideas on our list. Some roles require specific skills or personality traits, such as bookkeeper, sales rep, drafter, or public relations specialist. Others are open to anyone willing to stick it out through the learning curve period, like data entry, medical coder, online tutor, video editor, or fundraiser. Jobs requiring advanced degrees are intended for current practitioners who are unfulfilled in a typical office setting.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

Is remote work good for introverts?

Yes, remote jobs can be good for antisocial people or just shy introverts. Still, it’s important to cast a wide net — including part-time jobs with flexible schedules — to find a role that aligns with your needs and preferences.

What jobs will allow me to work remotely?

The best remote jobs with flexible schedules don’t fall into just one category. Almost every industry offers some remote work options. The right job for you depends on your education, experience, personality, and career goals. Start with what you want to do, and then look for remote opportunities.

What is the best job for a shy person?

There’s no one best job that will fit any shy person, just as there’s no one perfect job that will fit any outgoing person. There are many work-from-home jobs with flexible schedules that introverted people may want to consider. Consider researching online, and contacting people you know about their positions before you make a decision.

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First-time parents can be so preoccupied with the love they feel for their new babies and the constant care required that they may lose sight of their larger financial goals. When you’re busy getting to know your little human, you may not prioritize money management.

But securing your growing family’s finances is an important consideration. You have new needs and goals evolving, such as your child’s education and your retirement. Here’s smart advice to help you manage your money well during this new life stage and beyond.

7 Financial Tips for New Parents

Raising a child can cost more than $15,000 a year, according to one recent calculation using U.S. Department of Agriculture data. That can put some serious stress on your finances. Here’s guidance on making your money work for you and your family.

1. Avoid Overspending on Baby Gear

As a first-time parent, you likely have quite a bit of work to do before the baby arrives. You may need to create and furnish a nursery for your child, and stock up on diapers, bottles, clothes, toys, and so much more.

As you’re setting up your new life with a baby, it can feel like buying everything brand-new is the only option, but that can be costly. You might consider taking advantage of used or gifted items so as not to deplete your bank account.

You can buy a lot of items secondhand at a lower cost through online marketplaces or used goods and consignment stores. Or you might see what “freecycle” networks in your area have available at no charge. That’s one way to save money daily.

And if you have friends, family, or neighbors that already have children, they may be looking to unload some of the gear their children no longer use. Families with older kids are often happy to pass on items such as clothes, cribs, playpens, toys, and books. You might check Nextdoor.com and other community sites, which can be a good resource for local families seeking to offload these items.

2. Don’t Live Without a Safety Net

As a parent, you have a host of new responsibilities, and expenses you never imagined may pop up. So consider these moves:

•   An emergency fund becomes even more important when you have a child or one is on the way. You’re now responsible for all of their needs, and there may be unplanned costs that pop up along the way. Or, if you were to endure a job loss, you’d need to continue to provide for your child.

•   Saving for an emergency is a process, and it’s okay to start small — even just $25 a week will add up over time. Some people opt to store their emergency fund in a high-yield savings account or checking account. Earning interest that way will help your money grow faster.

•   Review your health insurance. You may want to opt for a different plan now that you have a child. An addition to the family is usually a qualifying life event (QLE) that can allow you to make changes regarding your plan outside of the usual open enrollment period.

•   Consider life insurance and disability insurance if you don’t already have it or, if you do, see if you want to update your coverage. When a little one is depending on you, you probably want to protect their future if you weren’t able to earn your usual income. Maybe you can only afford a modest policy at this moment. That can be fine; it’s a start and something you can revisit later as you grow your wealth.

3. Keep a Budget

With a baby on board, you likely have a host of new expenses, from the life insurance mentioned above to daycare to toys (and more toys). Making a budget can help you prepare to pay for the extra expenses.

The word “budget” can conjure up fear, but it’s really just a helpful set of financial guardrails that help you balance how much you have coming in and how much is going out towards expenditures and savings.

•   You might try the popular 50/30/20 budget rule which says that 50% of your take-home pay should go toward needs, 30% toward wants, and 20% toward savings.

•   You could check with your financial institution to see what kinds of tools they provide for tracking your money. This can be a great resource as you work to improve your money management and hit your goals.

•   To make a budget, you might also see what apps or websites offer products that could work for you. Check with trusted friends to see what they may recommend.

4. Don’t Put Off Retirement Savings

Another financial mistake new parents: Learning to pay yourself first isn’t easy for a lot of parents to do, but it’s vital. (For instance, while you can borrow money for college expenses for your child, you can’t likely borrow for your retirement.)

For retirement saving, one way to start is by enrolling in your company’s 401(k) plan if one is offered. Some employers will match your contribution, up to a certain percentage, and you’ll be able to have your contribution taken directly from your paycheck.

If your employer doesn’t offer a 401(k), you could open an individual retirement account, or IRA, instead. Getting in the habit of saving at least a little for your own future can be important as your focus shifts to your new addition.

It’s never too early to start saving for retirement.

5. Start Savings for Your Child’s College

Saving for your children’s tuition can be an important step for many new parents. That’s because the sooner you start, the better. Your money will have that much more time to grow. College is a big-ticket expense, with estimates of tuition in 18 years being calculated as follows:

•   $25,039 per year for a public college

•   $48,380 per year for a private college

While a standard savings account may seem like the easy choice, there are other options designed to help you or grandparents save for a child’s education.

•   You might opt for the benefits of a 529 college savings plan. There are two types: education savings plans and prepaid tuition plans.

•   With an education savings plan, a tax-deferred investment account is used to save for the child’s future qualified higher education expenses, like tuition, fees, room and board, computers, and textbooks. Funds used for qualified expenses are not subject to federal income tax.

•   With a prepaid tuition plan, an account holder purchases units or credits at participating colleges and universities for future tuition and fees at current prices for the beneficiary. Money in this fund is guaranteed to rise at the same rate as tuition. Most of the plans have residency requirements for the saver and/or beneficiary.

•   A Coverdell Education Savings Account may also be worth looking into. In general, the beneficiary can receive tax-free distributions to pay for qualified education expenses. Contributions to a Coverdell account are limited to $2,000 per year, per beneficiary. The IRS sets no specific limits for 529s.

6. Make the Most of Tax Breaks

Another bit of financial advice for parents is that when you have a child, you may be eligible for certain tax benefits.

•   The Child and Dependent Care Credit: If your child is in daycare or preschool or you pay for another kind of caregiving, you may be eligible to claim this credit, which varies based on your income. Typically, you can get a credit of between 20% and 35% of qualifying expenses up to $3,000 for one dependent or $6,000 for two or more.

•   The Child Tax Credit: This allows parents to get a tax credit of up to $2,000 per child under the age of 17. Other qualifying dependents up to age 24 may provide a credit of $500 each.

•   The Earned Income Tax Credit: Lower-income parents may be able to claim this credit, which varies with income and number of children. The Internal Revenue Service (IRS) offers a calculator to check eligibility.

•   Adoption Tax Credit: This offers tax incentives to cover the cost incurred if you adopted a child. In 2024, the maximum credit was $16,810 per qualifying child.

You might consult a tax professional to see which of these you can claim.

7. Teach Your Kids About Money

If kids aren’t taught the basics of financial literacy at a young age, they may struggle to make a budget, avoid credit card debt, or save money when they’re older. You can help your children learn what it means to manage money in these ways:

•   Kids often love to play store, so go ahead and join in. By exchanging goods for money, they’re already beginning to understand the basic principles of commerce.

•   As they get older, you may want to give them an allowance in exchange for chores or homework completion.

•  You could even have them make a budget with their earnings, and encourage them to spend, save, and donate.

•  You could open a checking account with them, once they are old enough, and teach them how it works.

•  You might give them a gift card or prepaid debit card and coach them on sensible spending.

Can You Ever Be Fully Financially Ready for Parenthood?

It’s probably not possible to be fully financially ready for parenthood or for adult life in general. Part of each person’s financial journey is learning how to plan for the unexpected and navigate curveballs. That might mean financing a child’s dance lessons or speech therapy. You might wind up moving to what you consider a better school district and paying more for your mortgage and taxes.

That’s why embracing some of the guidelines above, such as making a budget, stocking an emergency fund with cash (perhaps sending some money there via direct deposit), and saving for the future can be so important.

The Takeaway

Being a new parent is a joyful time but also a challenging one. One priority not to lose track of is your financial health, especially since you are now providing for a little one and their future. By budgeting and spending wisely, saving for the future, and knowing which tax credits you may be able to claim, you can help yourself get on the path to financial security for your family.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.


Better banking is here with SoFi, NerdWallet’s 2024 winner for Best Checking Account Overall.* Enjoy up to 3.80% APY on SoFi Checking and Savings.

FAQ

How can you plan financially for parenthood?

Planning financially for parenthood can involve updating your budget, allocating funds to the right insurance policies and long-term goals (such as your child’s education and your own retirement), and creating an emergency fund, if you don’t already have one. Also educate yourself on any tax credits you might qualify for once you become a parent.

What are the biggest unforeseen expenses of parenthood?

Some of the unforeseen expenses of parenthood include your child’s medical, dental, and mental health costs; academic support (such as tutors and prep classes); hobbies (taking tae kwon do classes, perhaps, or traveling with their soccer club); and funding any family travel and vacations.

How much does a child cost per year?

The cost of raising a child per year can vary widely, depending on such factors as medical needs and whether they are attending public or private school. That said, recent studies suggest the current average figure is around $15,000 to $17,500 per year per child.

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SoFi members with Eligible Direct Deposit activity can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Eligible Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below).

Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. To ensure you're earning 3.80% APY, we encourage you to check your APY Details page the day after your Eligible Direct Deposit arrives. If your APY is not showing as 3.80%, contact us at 855-456-7634 with the details of your Eligible Direct Deposit. As long as SoFi Bank can validate those details, you will start earning 3.80% APY from the date you contact SoFi for the rest of the current 30-day Evaluation Period. You will also be eligible for 3.80% APY on future Eligible Direct Deposits, as long as SoFi Bank can validate them.

Deposits that are not from an employer, payroll, or benefits provider or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Eligible Direct Deposit activity. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. SoFi members with Eligible Direct Deposit are eligible for other SoFi Plus benefits.

As an alternative to Direct Deposit, SoFi members with Qualifying Deposits can earn 3.80% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant. SoFi members with Qualifying Deposits are not eligible for other SoFi Plus benefits.

SoFi Bank shall, in its sole discretion, assess each account holder’s Eligible Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving an Eligible Direct Deposit or receipt of $5,000 in Qualifying Deposits to your account, you will begin earning 3.80% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Eligible Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.

SoFi Bank reserves the right to grant a grace period to account holders following a change in Eligible Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Eligible Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Eligible Direct Deposit or Qualifying Deposits until SoFi Bank recognizes Eligible Direct Deposit activity or receives $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Eligible Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Eligible Direct Deposit.

Separately, SoFi members who enroll in SoFi Plus by paying the SoFi Plus Subscription Fee every 30 days can also earn 3.80% APY on savings balances (including Vaults) and 0.50% APY on checking balances. For additional details, see the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.

Members without either Eligible Direct Deposit activity or Qualifying Deposits, as determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable, the grace period, or who do not enroll in SoFi Plus by paying the SoFi Plus Subscription Fee every 30 days, will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances.

Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.


Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

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