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11 Ways of Earning Money in Retirement
https://www.sofi.com/learn/content/extra-income-sources-for-retirees/
Many retirees are looking for ways to earn money, whether by doing online or seasonal work, tapping their entrepreneurial streak, or perhaps downsizing in order to raise cash. Here’s why: The average Social Security retirement benefit as of February 2024 is $1,772.51, which probably isn’t enough income to support a comfortable life for most people […]
How Many Savings Accounts Should I Have?
https://www.sofi.com/learn/content/using-multiple-savings-accounts-for-different-goals/
How many savings accounts you should have will depend on your savings goals and money management style. You may prefer the simplicity of having just one savings account. Or, you might find it helpful to have different savings accounts for different savings goals, such as an “emergency fund” and a “travel fund.” There’s no ideal […]
16 Common Tax Filing Mistakes People Make
https://www.sofi.com/learn/content/tax-filing-mistakes/
Most people who live and work in the U.S. need to file an annual tax return. Depending on your financial situation, your tax return may be simple or complex. If your tax return or financial situation is complicated, with many forms of income, deductions, or credits, you may end up making mistakes on your tax […]
How Much Does a Teacher Make a Year?
https://www.sofi.com/learn/content/how-much-does-a-teacher-make/
The most recent mean annual salary for teachers nationwide is $66,450, according to the Bureau of Labor Statistics. However, there can be considerable variation depending on where a person lives, what level of student they teach, how much experience they have, and other factors. Working as a teacher comes with an equal set of challenges […]
Understanding Discretionary Expenses
https://www.sofi.com/learn/content/what-is-discretionary-expense/
Table of Contents What Are Discretionary Expenses? Budgeting for Discretionary Expenses Budgeting Strategies That Include Discretionary Expenses Tracking Discretionary Spending with a Budget FAQ When it comes to spending money, there are the needs in life, and then there are the wants. Of course, when it comes to essentials, you need to shell out for […]