Can I Check My Own Credit Score Without Affecting It?

Pulling your score is referred to as a soft inquiry, and you can do so without affecting your credit score.

What Credit Checks Can Hurt My Score?

When you apply for new credit, the lender or creditor will conduct what’s known as a hard inquiry. This can indeed impact your score. For every new hard inquiry, your credit score may drop up to five points.

How Often Should You Check Your Credit Scores?

Financial experts usually recommend checking your credit score and credit report at least once a year. If you have reason to believe you are vulnerable to fraud (say, your credentials were involved in a data breach) or you are gearing up to apply for a loan, you may want to check more often.

What are some resources available to help me improve my financial literacy?

To improve your financial literacy, you might want to start with your bank. They likely have a library of content about financial topics and tools for improving your financial health. In addition, there are plenty of well-regarded books and podcasts on the topic.

How can I involve my family in developing good financial habits?

To involve your family in developing good financial habits, you might have family meetings and share information about the household budget and how you are managing the money. You could then set short-term goals they can have input on and participate in achieving, such as cutting the food or entertainment budget or finding ways to save for a family vacation.

How can I stay motivated to continue developing good financial habits over time?

There are several ways you can stay motivated and keep developing good money habits. Try surrounding yourself with like-minded people or those that share a specific goal, such as paying off student debt, to support one another and share ideas. Use apps to simplify your financial life and perhaps boost your financial health (say, with a roundup function). Reward yourself within reason when you do a good job meeting a financial goal, like adding to your emergency fund for several months.

How to Sign Over a Check

How Do I Check My Credit Score?

https://www.sofi.com/learn/content/how-to-check-credit-score-without-paying/

If you’ve ever wanted to check your credit score and do so without dinging your score or paying a cent, guess what? It’s possible. You can get that important three-digit number from a number of sources. In fact, your bank or credit card company may provide just what you are looking for. Why is your […]

Direct Deposits vs Paper Checks: What’s the Difference?

https://www.sofi.com/learn/content/direct-deposit-vs-check/

Direct deposits and paper checks are both ways to move money from one bank account to another, typically for payroll purposes, but there’s a difference: A direct deposit automatically transfers wages from an employer to an employee’s bank account. While a paycheck is also a money transfer, it involves the employer cutting a check from […]

First Paycheck? Here’s 6 Money Moves to Make It Count

https://www.sofi.com/learn/content/what-to-do-with-first-paycheck/

If you just started your first job after graduation, you may be dreaming of all the ways you could spend your first paycheck. But before you go on a shopping spree, it’s a good idea to think carefully about how to make the most of this influx of cash. While it’s fine to splurge a […]

What Is a Student Checking Account?

https://www.sofi.com/learn/content/what-is-a-student-checking-account/

A student checking account is a bank account that is specially designed for students in their teens and early 20s. This type of account typically offers the same tools as a regular checking account, like a debit card and checks, but may have lower fees and minimal balance requirements to make banking more accessible for […]

The Great Resignation, Explained

https://www.sofi.com/learn/content/what-is-the-great-resignation/

The Great Resignation is a term used to describe an increase in the quit rate among U.S. employees that began in 2021. Millions of people began leaving their jobs citing various reasons, including low pay, poor working conditions, and negative lifestyle impacts associated with the COVID-19 pandemic. While the Great Resignation created challenges for many […]

“How to Sign Over a Check”

How Do I Check My Credit Score?

Direct Deposits vs Paper Checks: What’s the Difference?

First Paycheck? Here’s 6 Money Moves to Make It Count

What Is a Student Checking Account?

The Great Resignation, Explained

Student Loan Refinancing

Personal Loans

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Student Loan
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