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Guide To Understanding Layaway Plans
https://www.sofi.com/learn/content/how-does-layaway-work/
If you’ve heard of layaway, you may think it’s an old-fashioned concept, but it’s still available and can help people afford an item without breaking out their credit card. Here’s how layaway works in a nutshell: You buy an item over time via installment payments. When you’ve paid the full price, you get to take […]
Best Scholarships for High School Juniors: Class of 2026
https://www.sofi.com/learn/content/scholarships-for-high-school-juniors/
With average annual tuition and fees reaching $11,260 for in-state students at public four-year colleges and $41,540 for private universities, covering college expenses can feel overwhelming. Scholarships for high school juniors may be just what you need to make college more affordable. Whether you’re aiming for a four-year university or a community college, there are […]
How Much Money Should I Save a Month?
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You likely already know it can be wise to save money every month. Whatever your income or age, putting money aside for the future can help you maintain financial stability and achieve your goals. But how much of your paycheck should you save each month? Financial professionals often recommend putting at least 20% of your […]
Exploring the Pros and Cons of Personal Loans
https://www.sofi.com/learn/content/pros-and-cons-of-personal-loans/
A personal loan can be a useful option when you need to borrow money to cover a medical bill, fund a home repair, or consolidate debt. This kind of loan can offer a considerable lump sum of cash at a relatively low interest rate, but you may need at least a good credit score to […]
What Is an Online Savings Account and How Does It Work?
https://www.sofi.com/learn/content/what-is-an-online-savings-account/
Savings accounts at online-only banks — often referred to simply as online savings accounts — function similarly to traditional savings accounts, except you will manage your account entirely online or by app. Not only can these savings accounts be one-click convenient, they may offer you a healthier interest rate than accounts held at a brick-and-mortar […]