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Currently, the average cost for one in vitro fertilization (IVF) cycle in the United States is $12,400, according to data from the American Society for Reproductive Medicine. That alone is a steep price tag, and many patients go through several cycles of IVF before conceiving or attempting other options. Many clinics also charge fees for add-on procedures, which can bring the total cost of a single treatment to well over $20,000.

Fortunately, there are a number of different funding options for fertility treatments. These include budgeting and saving, insurance coverage, flexible spending accounts, IVF financing, loans, and grants. Read on for a closer look at ways to make the cost of IVF more manageable.

IVF Financing: 9 Ways to Pay for Treatment

For many prospective parents, the cost of IVF is worth every penny, as it can provide the chance to have children. If you’re wondering how to pay for treatment, consider these option for funding IVF.

1. Tapping into Your Health Insurance

A good first step is to check whether your health insurance will cover IVF. There are currently 21 states and the District of Columbia that require insurance companies to cover infertility treatment, but only 14 include IVF in the requirement.

You can contact your insurer to find out your specific benefits. Depending on where you live, coverage can run the gamut. Some plans will cover IVF but not the accompanying injections that women may also require, while other plans will cover both. Some insurers will only cover a certain number of attempts. And some plans do not cover IVF at all.

If you have the option and if the timing works out with your enrollment period, you might consider switching your insurance plan to one that covers, or partially covers, IVF.

2. Using Your Health Savings Account or Flexible Spending Account

A health savings account (HSA) allows you to put pre-tax money aside for medical expenses. Typically, you get an HSA in tandem with a qualifying high-deductible health plan. If you have funds in your HSA, you can use them to pay for IVF and related medical expenses. As long as you paid for the expenses after you opened the HSA, you can reimburse yourself for them at any time — it doesn’t have to be in the year that you incurred the costs.

If your employer offers a flexible spending account (FSA), you can also use those funds to pay for IVF. You don’t need a qualifying health plan to have and use this account. However, you can only use the funds for medical expenses incurred during the plan year. Also, if you don’t use all of the money you set aside, you generally lose it. However, you may be able to carry over a certain amount to the following year.

Bear in mind that there are annual limits on how much money you can contribute to either kind of account. For 2025, the individual cap on HSA contributions is $4,300 and the family cap is $8,550. Health flexible spending account limits are $3,300 for 2025.

3. Budgeting and Saving

If you’re planning to pay for IVF out-of-pocket and you don’t just have that kind of cash lying around, the most basic financial move is to save up, the way you would for any major expense. You may want to open a high-yield savings account dedicated to your IVF fund, then set up an automatic recurring transfer from your checking account into that account each month.

Depending on your timeline, you may need to cut back on discretionary expenses, such as meals out, streaming services, a gym membership, and non-essential purchases, at least temporarily. Any expense you cut can now get diverted into your IVF savings fund. You may want to investigate different types of budgeting methods to find a system that works best for you in this scenario.

4. Borrowing From a Loved One

If you have a friend or relative who is financially comfortable, you might consider asking them for a loan. There may be people in your life who would be happy to support your efforts to build your family. If you go this route, however, it’s a good idea to set out the terms of the loan clearly, including whether you’ll pay interest and, if so, at what rate, and when and how you’ll repay the loan. Setting out clear terms, and honoring those terms, can help ensure that the loan doesn’t damage your relationship in any way.

5. Applying for a Fertility Loan or IVF Loan

Some fertility clinics work with lenders that specialize in IVF financing. This allows you to pay for your out-of-pocket IVF costs in installments over time. These loans can offer anywhere from $5,000 to $100,000, and interest rates can range from 0% to 35.99%. IVF lenders typically determine whether you qualify for financing, and at what rate, based on your financial qualifications and credit. With this type of loan, the money is usually paid directly to the clinic rather than you, the borrower.

In addition, there are personal loans designed to help people pay for treatment costs. These are offered by banks and other lenders, and you may see them called fertility loans, IVF loans, and family planning loans. (Learn more about personal loans below.)

6. Applying for a Grant

A number of nonprofit organizations offer grants and scholarships to those who cannot afford to pay for IVF. These grants are usually income-based, meaning you must demonstrate a need to qualify. Organizations that offer IVF grants include the Cade Foundation, Journey to Parenthood, Gift of Parenthood, the Baby Quest Foundation, and the Starfish Fertility Foundation.

Resolve offers a list of fertility treatment scholarships and grants on their site. It’s also a good idea to ask your fertility clinic about any local or national grant or scholarship opportunities they know of.

7. Taking Out a Home Equity Line of Credit

If you own a home, you may be able to take out a home equity loan or home equity line of credit (HELOC) and use the funds to pay for IVF. The amount you can borrow and the terms depend on the amount of equity you have in your home, as well as your credit history, debt-to-income ratio, and other factors.

The advantage of this type of IVF financing is that home equity loans and credit lines often have lower interest rates than credit cards and other types of loans. The downside is that you need to have equity in order to qualify, and you must use your home as collateral for the loan (which means that if you have trouble making payments, you could potentially lose your home).

Recommended: How to Avoid Loan Origination Fees

8. Borrowing From Your Retirement Account

You generally don’t want to tap your retirement nest egg before retirement, but if no other funding sources are available, borrowing from your retirement account, such as an 401(k), could be an option.

You may be able to borrow up to $50,000 or half of the amount vested in your 401(k) — whichever is smaller. If you take this path, you are basically lending the money to yourself at market interest rates for up to five years. Keep in mind, though, that 401(k) plan providers will typically charge fees to process and service a loan, which adds to the cost of borrowing and repayment. Also, not all employers offer these loans.

In addition, you might qualify to withdraw money from your individual retirement account (IRA) or 401(k) to pay for IVF treatment if your plan allows what’s called a hardship withdrawal. This allows you to avoid the 10% early withdrawal penalty, but you’ll still have to pay income tax on any withdrawals you make.

9. Taking Out a Personal Loan

Compared to using high-interest credit cards or tapping your IRA, a personal loan might be a better option for many people. A personal loan can be used for almost any expense, including IVF, and typically comes with a fixed interest rate that is lower than most credit cards.

Unlike a home equity loan or credit line, personal loans are typically unsecured, which means you don’t need to put your home or any other asset at risk. Also, you do not need to have any equity in your home to qualify. Instead, a lender will look at your overall financial qualifications to determine whether or not to approve you for a loan and, if so, at what rate and terms.

Recommended: Personal Loan Calculator

The Takeaway

IVF might be one of the most meaningful investments you’ll ever make, but it can be a major expense. You can look to your insurance, health savings accounts, cash savings, or a loved one for help with IVF funding. If that’s not enough, an unsecured personal loan may be a smart way to finance treatment and help make your dreams a reality.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

FAQ

What is an IVF loan?

An IVF loan is typically a kind of personal loan designed to pay for fertility treatment costs. It’s an installment loan: You receive a lump sum of cash and then repay it, with interest, over time.

Can I get a personal loan for fertility treatments?

Personal loans can be used for almost any purpose, and fertility treatments are one option. You may see personal loans specially designed for this purpose. To qualify, you will need to go through the application process, have your credit reviewed, and see what terms you are offered.

Are there medical loans that cover IVF?

Yes, you can likely find loans that cover IVF in two ways. Some fertility clinics partner with lenders to offer funding, or you can apply for a personal loan to finance the expense of IVF treatments.

What is the best way to finance IVF?

Deciding how to finance IVF is a very personal decision, based on a variety of factors. Homeowners with equity might choose a HELOC; others might apply for a personal loan; and still others might seek a grant or a loan from a family member.

Does insurance cover IVF?

Some health insurance policies cover IVF. Check your policy for details; the amount of coverage and its details can vary greatly.

Can I use an HSA or FSA for IVF expenses?

Yes, you may be able to use HSA or FSA funds for IVF expenses, but it’s important to check the eligibility guidelines to see which aspects of your treatment are covered.

What are alternatives to IVF loans if I have bad credit?

If you have bad credit and are seeking IVF financing, you may find lenders, albeit with higher interest rates and less favorable terms. Other options include payment plans with your healthcare provider, a loan from a family member or close friend, and/or applying for grants.

About the author

Julia Califano

Julia Califano is an award-winning journalist who covers banking, small business, personal loans, student loans, and other money issues for SoFi. She has over 20 years of experience writing about personal finance and lifestyle topics. Read full bio.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SOPL-Q225-040

An uncontested DIY divorce could cost $1,500 to $5,000, but the price can be much higher. In 2025, the mean cost of divorce is $7,000, but the average cost of a divorce can be $11,300. However, all kinds of factors, from attorney fees to assets, influence the bottom line. For example, a contested divorce, with issues around alimony, child support, and child custody, can run much higher.

Here are details about types of divorce and what to expect cost-wise with each.

How Much Does It Cost to Get a Divorce?

The cost of a divorce can depend on which state you live in, how amicable the parting is, and whether you work with a divorce attorney, own property together, and have children, among others.

Most cases settle before going to trial. Here are common costs if you need to prepare for a divorce.

Recommended: How to Prepare Financially for a Divorce

Without an Attorney

A DIY uncontested divorce is the cheapest option. You and your spouse submit paperwork to your local family court, then fill out and file required documents.

There are different packages typically available, starting at as little as $99 and going up into a few thousand dollars if you’d like support with filing and/or need some mediation.

With an Attorney

A lawyer can only work with one client at a time, so two attorneys are required if both spouses want their own representation.

A divorce attorney will usually ask for a retainer, or down payment, toward average costs of $8,000 as of 2025. If the retainer runs out, the lawyer may bill by the hour. Hourly fees average $270 but charges of $500 or more per hour are possible, depending on where you live and other variables.

Of course, the longer it takes to reach a final judgment, the higher your attorney fees will be.

Recommended: Understanding Divorce and Retirement Accounts

Mediation

If you’re dealing with a more complex situation and don’t feel comfortable filing yourself, but don’t want to shell out money for a divorce lawyer, you could consider working with a mediator.

In this form of divorce, both spouses work with a neutral third party who has a handle on the financial and legal aspects of divorce and oversees the process.

A non-attorney mediator may charge $1,000 to $4,000 per person, according to Lawful.

Free or low-cost mediation services are often provided by courts, nonprofit organizations, and bar associations.

Collaborative Divorce

In this hybrid of mediation and a traditional divorce using lawyers, each spouse is represented by a collaborative divorce attorney. The goal is to help both parties work toward a mutually satisfactory outcome and, if children are involved, one that keeps their best interests in mind.

Both parties commit, in writing, to using cooperative dispute resolution techniques.

If the process fails, both attorneys must withdraw from the case, and the couple will need to hire new lawyers and continue through family law court proceedings.

Consulting Attorney

If you can’t afford to hire a full-scope divorce attorney, you might be able to hire a consulting attorney for specific tasks. The average total fees for consulting attorneys were $4,600, and the median was $3,000, a Nolo survey found.

Recommended: Understanding Divorce and Retirement Accounts

Who Pays for the Divorce?

Most of the time, each spouse pays their own attorney fees and costs.

In select cases involving income disparities or one party unnecessarily complicating the proceedings, a judge may order a spouse to pay his or her partner’s divorce costs.

The following are some of the factors that affect the costs of a divorce.

How Child Custody Impacts Divorce Costs

In a contested divorce, the issue of child custody will likely come up. If the couple is able to agree on a child custody schedule that works for both parents, that is usually the easiest path forward.

For divorces involving children that require an attorney to iron out custody details, costs tend to increase significantly thanks to the additional time spent working with parents to reach an agreement.

A contested divorce involving custody could also include working with a court-assigned professional, who may interview the parents and children, observe each parent at home with the kids, and make an evaluation based on their findings.

A county custody evaluation could cost between $1,000 and $2,500. A private review could run $15,000 or more.

Property Division

Couples who share a property may require the help of real estate attorneys or agents who focus on helping couples ascertain the disposition of their homes.

A home appraisal is an unbiased, third-party estimate of a property’s value. As of 2025, it typically costs between $300 and $450.

Sometimes couples opt to refinance the mortgage on the marital home into one name, releasing the other spouse from obligation. The cost of refinancing can be in the thousands of dollars.

Alimony

Another potential consideration in a divorce may be alimony, or spousal support.

If both individuals can’t agree on the amount of payment and the time payments are to be made, the court may have to step in.

That can involve litigation and a review of debts and finances. Since the process requires legal counsel, alimony decisions can quickly drive up divorce expenses.

Paying for Divorce: Are Payment Plans Available?

Some family lawyers do offer payment plans. The time to ask about that is during an initial consultation so you can be aware of and prepared for the expenses ahead.

In most situations, paying for a divorce can be a major stressor.

If you and your spouse are on amicable terms and have savings, you could consider pooling together as much as you can to put toward divorce costs. You could also ask to borrow money from relatives or friends. In some cases, couples may know that divorce is looming and start saving for it ahead of time, as unpleasant as that may be.

Some people may opt to put their divorce costs on a credit card and pay the debt over time, with interest. An option that may be more cost-effective is a personal loan.

A personal loan has several potential advantages. The interest rate for a personal loan could be lower than a credit card, depending on your credit score. Most personal loans come with a fixed interest rate, which makes budgeting easier.

You might use a personal loan calculator to make crunching numbers a snap.

Typically, you have between two and seven years to repay the principal plus interest. This can allow you to borrow a significant amount of money and have several years to pay it off.

Recommended: How to Apply for a Personal Loan

The Takeaway

Divorce costs typically run well into the thousands, with a median currently being $7,000 and the average being $11,300. There are potentially less expensive options for those who have a simple, uncontested divorce and are willing to bypass lawyers and DIY the process. But if there are issues such as alimony, child support, child custody, and division of property to wrangle, you are likely going to need a considerable sum of money for the costs. Divorce financing options can include credit cards, funding from savings or family members, and personal loans.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

FAQ

How much does a divorce cost on average?

On average, as of 2025, a divorce costs $11,300, and the mean is $7,000.

What is the cheapest way to get a divorce?

If you have a simple, uncontested divorce, you may be able to DIY it for as little as $99 up to around $3,800 for situations that require help with mediation and filing.

What factors influence the cost of divorce?

A simple divorce with minimal shared property and children and a couple that is in sync about their needs can be relatively fast and inexpensive. However, in a contested divorce, with issues like child custody, division of property, and alimony, cases can drag on, increase legal fees, and become quite complicated and expensive.

Can I get a divorce without a lawyer?

In some situations, it is possible to DIY a divorce. This usually happens when the couple is in agreement, there are no areas being contested, and there are child custody or division of property issues.

Is mediation cheaper than hiring a divorce attorney?

Yes, mediation is typically cheaper than hiring a divorce attorney, with mediation costing $2,000 to $8,000 per couple, while working with a divorce lawyer often costs in the five figures.

Who typically pays for the divorce?

In many cases, each individual pays their own costs (such as lawyer’s fees) in a divorce. In rare instances, there might be a judgment for one party to pay the other’s divorce costs.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SOPL-Q225-043

Typically, couples spend 37% of their wedding budget on the venue, which is a big chunk of one’s funds. Given that the median price of a wedding is $10,000 according to SoFi’s most recent survey, and the average is $33,000, according to the wedding site The Knot, that can mean thousands of dollars invested in the location where you say your vows.

Fortunately, there are ways to reduce the price of your wedding venue. There are free and affordable options, from a backyard to city hall to a beach. Read on to explore your options, plus learn tips to finance your wedding.

Host a Wedding at Home or in a Backyard

This could be at your own home, or that of a parent, friend, or other loved one, which will likely be one of the most affordable wedding venues around. Benefits of this choice (besides the lack of rental fees) include the flexibility to have your ceremony on just about any day of the year, plus you have a ready-made shelter if the weather isn’t ideal. By avoiding a wedding venue rental, you can stretch your savings or your wedding loan further on other expenses, such as flowers and entertainment.

Just decide how much of the event will be held outdoors, what rooms of the house should be made available to wedding guests, and how to ensure enough seating.

A couple of other perks to an at-home wedding:

•   Want a pet-friendly ceremony? It doesn’t get any better than a home wedding for having your beloved dog be your ring bearer.

•   Any home upgrades made for the ceremony can be enjoyed for a long time afterward. If your powder room could use a glow-up, you might want to concentrate your efforts there for a beautiful bathroom refresh.

Or this could be a perfect time to do some outdoor landscaping that will beautify your special day and your home for years to come. As a bonus, a project like this could add value to your home.

Check to be sure your officiant of choice is able to perform the ceremony, plan the parking logistics, find out how to comply with any noise ordinances, and so forth.

Say “I Do” at City Hall: A Cheap and Chic Wedding Venue

A city hall wedding can be a very chic choice. You aren’t restricted to the city hall or courthouse by where you currently live. You could choose one that has special significance to your relationship, perhaps the city where you first fell in love.

Or, you can get married in the city hall where you’ll enjoy your honeymoon or your family vacation. As another strategy, you can choose the city hall based on its beauty or retro architectural details. For instance, the city hall in San Francisco has a stunning white column and gold-capped roof.

The fee for a city hall wedding varies by state and municipality. Generally, it ranges from $20 to $50 or somewhat more, not including your marriage license. Call the location to learn the exact cost.

There are usually designated days and times for city hall weddings, so find out what they are in the location of your choice and how that would work in conjunction with your post-wedding celebration. Also, ask if there’s a limit to the number of wedding guests you can have, and whether you’ll be able to have bridesmaids and groomsmen, given the logistics.

Many couples like to have a special meal after, either solo or with a few friends and family members; it’s your call how to mark the big day.

Recommended: Wedding Cost Calculator With Examples

Get Married at a Park: Affordable and Scenic Wedding Venue Idea

Perhaps there are beautiful parks in your town or city full of unique flowers, landscaping, and vistas — or maybe there is one with special meaning to you, say, where the two of you went biking on a first date.

If that’s the case, you could contact the relevant parks department and find out any details about fees and permits (for instance, if you want to marry at Yosemite National Park, you’ll need a special use permit, which currently costs $150).

Some considerations:

•   How accessible is the location for guests? If it’s a small park in the center of town, it’s likely to be fairly accessible. If it’s deep in the heart of a national park system, you may need to decide how to make it practical for guests to find and attend.

•   Other concerns for a park wedding include shelter in case of rain, having enough public restrooms (are they readily available or do you need to rent portable options?), and how comfortable you are getting married in an open space.

•   You might also need to find out what the park’s policy is on receptions. Can you set up tables and have food brought in? Or serve cake and bubbly? Dream it up, brainstorm details, and get confirmation from park officials.

Recommended: Personal Loan Calculator

Plan a Budget-Friendly Beach Wedding

You might consider a beach wedding, with its possibilities for one-of-a-kind sunsets, soft breezes, and tropical drinks. As practical considerations, do you plan to have a ceremony along the ocean on a public beach or will you locate a private beach? The permits you’ll need will likely be quite different if you plan to have just your ceremony there versus if you also plan to have a beachside reception complete with food, drink, and music.

You’ll also need to create a Plan B or otherwise have shelter available if the weather doesn’t cooperate. And, where you plan to have the ceremony, geographically speaking, may help to dictate what time of year your wedding should be scheduled. For instance, for a July wedding at your favorite beach, think about how far in advance to plan summer travel.

Then figure out the final details. Do you plan to have alcohol at your reception? That often isn’t permitted on beaches, but there are some that do allow guests to imbibe. Do you want to rope off a section of the beach? Build a bonfire? Again, you might want to ask what the rules and regulations are for the beach you have in mind and be flexible about modifying plans to help make it all come together.

More Cheap Wedding Venue Ideas to Consider

The ideas above aren’t the only affordable locations to consider for your big day. Also keep the following in mind.

Local Community Centers

Depending on where you live, you may find community centers that cost just a few hundred dollars at most to use and provide the right setting for your wedding. You can also consider whether such organizations as the Lions Club, Kiwanis, or Junior League have spaces to rent. Some offer tables and chairs; others may have fully equipped kitchens.

Couples have found that with vases from a local discount store and flowers arranged by friends and family, this option can help them pull off a wedding on a budget.

College Campus Gardens

Many colleges have pretty areas where they can host weddings, whether or not you are a graduate. Research your area and see what’s available. There might also be some indoor spots with historic architectural details where you could say your vows.

Be sure you understand the guidelines, though. Some universities work with specific vendors (such as catering companies), which can wind up blowing your budget.

Airbnb or Vacation Rentals

A vacation rental can offer a spectacular wedding setting on a shoestring. You might find a charming farmhouse with a storybook garden and loads of bedrooms to house the wedding party. Or perhaps you want to rent a loft in a nearby city.

Whatever type of accommodation you are seeking, be clear up front with the owner about the purpose of your rental to make sure there are no restrictions. Some property owners don’t want gatherings in their spaces, while others are very much in the business of helping people find a place to celebrate.

Breweries or Small-Town Halls

Local businesses can often work with tight budgets to create a wonderful and memorable wedding. For example, a craft brewery may have a private area where you can say your vows and then celebrate with friends and family over an array of their beers and snacks. Some have outdoor spaces where a food truck can pull up to feed your friends and family. Don’t forget to search for nearby distilleries, too.

Many couples like the industrial vibe these spaces can have, or you might find a local lodge or other gathering space that has a quirky, cool ambience for your wedding day.

Local Family Farm

A local farm can be a fun, rustic setting for a wedding without breaking the bank. They offer beautiful countryside and often a barn where you can say your vows and dance the night away. Plenty of farmers are supplementing their business this way these days, so see what’s available. Some partner with caterers and cooks to create a farm-to-table meal as well, which could be within your budget.

Budgeting Tips for a Cheap Yet Memorable Wedding

Even when you choose a free or inexpensive wedding venue, you’ll still likely want to come up with some creative ways to save money for the food, music, drinks, flowers, photography, video, and so on. Some ideas:

•   Tap your circle of loved ones. Do you have a friend who could handle the photography or videography? That can help you save a bundle. Or could family members fill vases with flowers from a farmers market to use as centerpieces vs. hiring a florist? Could a pal’s band play, or perhaps everyone could bring a dish for a pot luck feast?

•   You can also explore different ways to help cover some of the wedding costs. For instance, a wedding loan might be an option to explore to help pay for your big day. Or perhaps your families might be able to help out financially with some of the venue-related expenses, such as catering.

•   Prioritize your spending. During a discussion with your partner, you could both try to determine who will pay for what, and how much you’re willing to spend. It could help to discuss priorities so you’re in agreement about where to splurge and where you’re willing to compromise.

If, for example, you know that having beautiful flowers is important to both of you, that could rise to the must-have category. And maybe you want to spend more on photography and less on videography — or vice versa. What’s important is that you mutually create and agree upon a plan that’s unique to you and your special day.

Financing Your Wedding

When it comes to financing your wedding, a wedding loan could be a good option for your needs. These loans are unsecured personal loans used to cover wedding costs. Rates on personal loans tend to be lower than credit card rates, and they can offer more flexibility on the term of your loan and the amount you can borrow. Plus, you’ll get a fixed rate.

Recommended: How to Apply for a Personal Loan

The Takeaway

With research and budgeting, you can find an affordable wedding venue that makes your big day wonderful and memorable. Options can include an at-home wedding or renting an Airbnb space that you love. Or you could opt for a city hall wedding, or find a park, garden, farm, or beach to provide a beautiful natural setting for your ceremony and celebration.

Even when you find an affordable venue, however, you may need help financing your wedding. That’s where a wedding loan, which is a kind of personal loan, can come into play.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

FAQ

What are some cheap wedding venue ideas?

Cheap wedding venue ideas can include getting married at home, a friend’s house, a vacation rental, or city hall. Those who like to be outdoors or amid nature can consider a local farm, garden, park, or beach. Local craft breweries and community centers can be good candidates, too.

How can I find affordable wedding venues near me?

Searching online and inquiring about spaces you have seen can yield great, budget-friendly wedding venues. Asking friends and family about wedding they have attended can be worthwhile, too.

Is it cheaper to get married at city hall or a park?

Whether it’s cheaper to get married at city hall or a park will depend on the specific locations and fees you are considering. There are usually small fees involved at both kinds of locations, but consider the big picture, too. Will you want to go out to dinner with a number of friends and relatives after a city hall wedding? Would you rent chairs and hire a guitarist for a park ceremony?

Can I use a personal loan to pay for a wedding venue?

Yes, a personal loan can be used for almost any legal purpose, from paying off medical debt to financing a wedding. Some lenders offer wedding loans specially tailored to meet a couple’s needs for their big day.

What’s the average cost of a budget-friendly wedding?

A budget-friendly wedding can be defined as one that costs no more than $10,000. However, it is possible to pull off a big day for considerably less; say, for half that amount.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SOPL-Q225-041

When you’re in a crisis and economic circumstances feel anything but normal, you may wonder if you should rethink the way you’re using your credit cards. Here are some ins and outs of using — and rethinking how to use — credit cards during an emergency.

Is It Smart to Use Credit Cards During a Crisis?

Even during a crisis, credit cards aren’t magical “buy anything and worry about it much, much later” tickets. Many of the basics for using a credit card are in effect no matter what’s happening around you: Don’t make purchases just to get reward points, report missing or stolen cards immediately, be in the habit of checking your statements every month, etc.

That said, sometimes certain accommodations are made during a crisis. During the Covid-19 pandemic, for instance, many banks and lenders offered relief in the form of new policies to ease the burden for card holders who were struggling with their payments. Some waived fees, offered payment deferral or forbearance, or increased credit lines. Some banks even offered these three forms of support, and more.

Of course, it’s unwise to assume a bank or credit card company is focused on looking out for you during an emergency situation. The better option might be to contact your card issuer for information and any fine print. And keep in mind that while the ability to increase your credit line might sound good, it could also cause more headaches down the road.

Making minimum payments on credit cards can cost you substantially more money over time. The interest — especially compounding interest, which is essentially interest on interest already due — can often be a big challenge with credit cards. But there are ways to potentially avoid interest on credit cards, such as paying off a balance in full each month.

During a crisis, it’s a good idea to continue using your credit cards responsibly. Of course, sometimes financial situations change, and you may need to use a credit card to pay for your daily essentials. While carrying some debt from one month to the next isn’t necessarily something to be thrilled about, it might be worth it if it means getting the things you need to live.

Planning for the Future — Starting Now

Conversations about using credit cards are often about responsible saving and spending. There is no blanket yes or no answer to whether it’s a good idea to use credit cards during a crisis, although it’s certainly possible to be a little wiser about using a credit card.

If you’re feeling spread thin financially during a crisis, however, it might be worthwhile to hunt for credit cards that can offer more reasonable rates than your current cards. A good place to start might be with your current card issuers and see if they can lower the interest rate.

Another alternative might be to consider a cash-back credit card that offers cash rewards in a small percentage back on each transaction. Depending on the issuer, the card might offer higher rates for certain categories of purchases, so it might be worth doing some research and strategizing if there is a big purchase you had already planned on making.

There are also balance-transfer credit cards, or a card you would transfer existing card debt to, usually at a lower annual percentage rate (APR). The rationale and incentive for these cards is to hopefully lock your credit card debt in at a lower rate than it would be currently, to therefore make it less burdensome to work on paying it down.

There can be wrinkles to employing this strategy, however, so be sure to read the fine print to avoid balance transfer fees or other charges. The idea is you can pay off that balance with no interest on a more compressed timeline. However, that lower rate might change after the introductory period, and you may be saddled with an APR that could be even higher than the one you had to begin with.

Putting the Cards Down — For Now

If the idea of getting more plastic feels more like a problem than a solution, you may want to consider taking out an unsecured personal loan. This type of loan is not backed by collateral and is likely to have higher interest rates and lower loan amounts than secure loans. They also typically require a higher level of creditworthiness than a secured personal loan does.

There are common uses for unsecured loans, including:

•   Paying off credit cards

•   Consolidating debt

•   Paying bills

•   Covering home renovation projects

The Takeaway

Dealing with a crisis can be unsettling, especially if your finances are less than stable. You may wonder if it makes sense to use your credit card to pay for everyday essentials. While there’s no one-size-fits-all answer, it’s important to continue using your card responsibly, whether you’re in an emergency or not.

If you’re stretched thin financially, there are strategies you can consider. One idea is to try to negotiate a lower interest rate with your current card issuer. Another option is to explore a cash-back credit card or a balance-transfer credit card, both of which could help increase your purchasing power during a crisis. Or you may also want to consider taking out an unsecured personal loan, which could help you get the funds you need to pay bills or consolidate debt.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

FAQ

Is a credit card good for emergency situations?

In an ideal world, you’d use cash during an emergency situation. If that’s not an option, a credit card can help you pay for any unexpected expenses. However, you’ll want to be sure you can pay off the balance in full so you don’t incur interest.

Can I use a personal loan to pay off debt?

Personal loans can be used for nearly any purpose, including paying off debt. Debt consolidation loans can help you streamline multiple debts into a single payment, potentially at a lower interest rate.

Where should I keep an emergency fund?

The Consumer Financial Protection Bureau recommends a few different places to keep your emergency fund. You can put the money in a dedicated account with a bank or credit union. You can keep cash on hand, either in your home or with a trusted family member or friend. Or you may decide to load money onto a prepaid card.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

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New countertops and installation typically costs a couple to several thousand dollars, and this home improvement can give your home a new look and enhance property value. One of the biggest choices you’ll make when renovating your kitchen is what material to use for your countertops. Whether you go for a contemporary look with solid surface areas or opt for a French country feel with marble, the material you choose will depend largely on your kitchen style, needs, and budget.

Before you settle on a certain product for your kitchen, though, consider the cost of countertops and installation by material.

Countertop Materials and What They Cost

Depending on your kitchen style, the countertop materials you choose will set the tone for the overall look of the space. There are variables in pricing based on where you live, market prices, and the materials you choose. Here’s a look at some pros and cons of commonly used materials and estimates of what kitchen countertops cost.

Granite

Granite countertops have long been a go-to material in kitchens due to style, quality, and durability. But it’s also pricey, so if it’s your material of choice, you’ll need to budget accordingly. That said, there are a number of benefits to using granite that may warrant paying the price.

Granite is a hard stone and extremely durable. It’s both difficult to scratch and heat-resistant, so you can move hot pans directly from the stove to the counter.

And while it can stain, granite is less porous than other materials. This means errant marks and spills are less likely to permanently mar your countertops. In fact, the polish that the installer puts onto the granite burnishes the stone against all but the most extreme abuse.

Estimated cost of granite countertops: $40 to $100 per square foot, with an average cost in 2025 of $3,250, according to Angi

Recommended: How to Find a Contractor for Home Renovations & Remodeling

Quartz

Contrary to how it may sound, quartz countertops are not a natural stone. Rather, they’re man-made from quartz particles that are held together with resin. Quartz is one of the hardest minerals on earth, so the resulting material is also extremely durable.

Because quartz countertops are engineered, they can come in many different designs, from bright solid colors to patterns that mimic natural stone. They also come in an array of textures, from glassy smooth to matte to stone finishes.

Quartz countertops are not porous due to the resin that binds them together, so they are also stain-resistant and never need to be sealed.

Estimated cost of quartz countertops: $50 to $200 per square foot, with an average cost in 2025 of $4,500, according to Angi

Laminate

Laminate is one of the cheaper countertop materials, making it a common kitchen choice, especially for homeowners on a budget. Laminate is made from layers of plastic that are glued to a base such as a particleboard. These countertops come in a variety of colors, patterns, and surface textures. In recent years, it’s been growing in popularity again, according to Formica, a major manufacturer of this material.

Laminate is much lighter in weight and lower in density than stone countertops, and it tends to be easier to cut, shape and install. This makes it a popular material for DIYers who plan on installing countertops on their own.

However, it’s worth noting that laminate countertops do not stand up to heat as well as stone, and they tend to scratch more easily. And since they’re not as durable as other materials like granite or marble, they’ll likely need to be replaced more frequently.

Estimated cost of laminate countertops: $10 to $55 per square foot, with an average cost of $1,244 currently, according to Angi

Solid Surface

Solid surface countertops are made in a similar manner to quartz counters. You may recognize such names as Corian when considering this material. However, these countertops use acrylic particles bound with resin instead of stone. As another engineered product, they come in a variety of colors and patterns, including those that mimic stone.

Solid surface is non-porous, so it tends to be stain-resistant, and scratches can usually be sanded and polished off the surface. As an acrylic, it doesn’t hold up well to heat. Manufacturers warn against putting, say, a hot pot down directly on this surface..

Estimated cost of solid surface counters: $20 to $80 per square foot, according to Angi, with a total bill of $3,000

Wood

The price of wood countertops can vary widely by the type and thickness of wood. Exotic woods can cost a pretty penny, but counters made from cheaper types such as birch tend to cost only a bit more than budget options like laminate. Wood countertops are often made of butcher block, which comprises pieces of wood with their edge grain-up, glued together to form a hard, continuous surface.

As a material, wood is relatively soft, so it may get banged up a bit. However, scratches can be sanded out and the surface restored. Wood or varnish may also burn when hot pans are placed atop it. Skilled DIY home renovators can install wood counters themselves, which can help control costs.

Estimated cost of wood countertops: $18 to $38 per square foot or more, with a total of $3,750

Tile

Tile countertop is another material whose cost can vary dramatically. On the cheaper end, ceramic tiles can cost as little as a couple dollars per square foot, while a marble tile might cost many multiples of that (as much as $100 or more per square foot). Depending on the tile you choose, where it’s from, and how it’s made, the price per square foot can rise considerably.

Tile materials, which can range from ceramic to glass to stone, tend to be durable and both heat- and scratch-resistant. That said, tile countertops could chip if something heavy is dropped on them.

Tiles can be easy to install yourself; however, if you don’t have a lot of experience setting tiles, mixing grout and finishing the seams, you could end up with an uneven surface.

Estimated cost of tile countertops: $1 to $120 per square foot, with an average cost currently of $2,250

Marble

Marble has a long history as an important art material and is commonly used as a design statement in upscale or trendy restaurants and bars. With a price similar to granite, marble is an elegant choice for home countertops.

The material is heat-resistant, meaning you can put hot pots and pans right on it. And if you’re a baker, you may be drawn to marble for its use as a surface to make pastries on, as it is prone to staying cool in the summer months.

Marble is relatively durable, though it’s softer and more porous than granite. This makes marble countertops more susceptible to scratches and stains, particularly from acidic foods like fruit and wine, which can interact with the stone’s chemical makeup and leave marks. You can seal the stone to help prevent some of these issues, but you’ll need to repeat the process regularly. Also, marble is heavy, so it may be difficult for a homeowner to install on their own.

Estimated cost of marble countertops: $12 to $180 per square foot, with the average cost in 2025 being $3,000

Stainless Steel

Long used as a countertop of choice in commercial kitchens, stainless steel is popular for counters in residential homes, too.

Metal countertops made have a lot of advantages. They are easy to clean, and they don’t burn, rust, or stain. They are usually recyclable should you ever change your mind and remodel your kitchen again.

There are some disadvantages to the materials, though. Metal countertops can be loud (think pots and pans clattering against metal). And though durable, the material does have a tendency to scratch or dent. The thicker the stainless steel, the less likely it is to be damaged. The gauge (or thickness) will also affect the material price.

Estimated cost of stainless steel countertops: $70 to $225 per square foot, with an average cost of $4,500, according to Angi’s 2025 data

Cost of Countertop Installation

The cost of new countertop materials isn’t the only expense associated with upgrading your kitchen counters. There’s also the cost to install the countertops, which will typically vary by material and square footage.

For example, having laminate professionally installed can add about $10 per square foot to the price of the countertops, whereas professional installation of quartz countertops can add $60 or more per square foot. Installation alone can cost thousands, depending on the material and project specifications.

Installing countertops yourself is a great way to reduce costs, but it can be challenging depending on the material. You’ll also need to consider what types of modifications to the materials are needed. Cutting a hole in a granite countertop for a sink, for example, can add to the overall cost and in many cases requires the use of specialized tools with diamond-tipped bits.

One way to control the costs of kitchen countertops is to mix materials. If you have your heart set on a granite countertop, for instance, consider using granite for a small portion of the kitchen — such as a prominent feature like the island — and a cheaper material like tile for the larger counter spaces.

Recommended: How Much Does It Cost to Remodel or Renovate a House?

Financing Your Kitchen Countertops

As soon as you decide what kind of countertop material to use — and you consider the average cost of a kitchen remodel — then you’ll likely want to think about how to pay for the work.

If you need to finance the project, it can make sense to explore an unsecured home improvement loan to help you get the work done. Because this is a kind of personal loan, you don’t need to have home equity nor do you need to use your home as collateral.

That said, there are pros and cons to personal loans. Be sure you understand all your options so you can find what best suits your financial and personal needs.

Recommended: How to Apply for a Personal Loan

The Takeaway

New countertops can enhance your home’s look and value, whether you opt for marble, tile, or another material. However, you can expect to pay at least a couple of thousand dollars for this kind of project and considerably more if you opt for a luxurious material, like marble, or if large surfaces are involved. To finance new countertops, you might consider a personal loan.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

FAQ

How much should I budget for new kitchen countertops?

How much to budget will depend on such factors as the size of the kitchen, the material you want to use for countertops, and the local market’s pricing. Prices could be as low as under $2,000 to many multiples of that.

Which is cheaper, granite or quartz?

In general, quartz is usually thought to be cheaper than granite when it comes to countertops. However, the latest data from Angi shows them in a virtual tie, with costs between $50 and $100 per square foot being common.

What’s the best countertop for your money?

Which countertop is best for your money depends on variables such as the size of your kitchen, color and care preferences, and other factors. Many people think quartz, which won’t get etched the way some popular stones can, is a great buy, having natural beauty and durability.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

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