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12 Strategies For Living on a Single Income
https://www.sofi.com/learn/content/living-on-single-income/
Figuring out how to live on one income, either by design or circumstance, can seem daunting. And it may put a lot of financial pressure on that one wage earner. That said, plenty of American households live on a single income. According to the latest government statistics, only one spouse was employed in around a […]
How Do You Categorize Expenses for a Small Business?
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If you run a small business, it’s important to categorize your expenses for tax purposes and to keep track of your small business spending. Many business expenses are tax deductible, which could save you hundreds, if not thousands, of dollars when it comes time to file. Keep reading to learn what business expenses are, how […]
Is $90K a Good Salary for a Single Person?
https://www.sofi.com/learn/content/is-90k-a-good-salary/
By most definitions, an annual salary of $90,000 is considered good. In fact, it’s quite a bit higher than the average salary nationwide, which is $63,795, according to the Social Security Administration. If you’re a single person and only supporting yourself, that income should allow you to cover the necessities with enough left over for […]
Saving
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Saving Money Learn the essentials of saving money, how to begin, and all the effective strategies to maximize your financial growth. Understanding savings accounts Setting savings goals Savings tips and strategies Savings calculators Emergency fund essentials Smart spending Browse more financial topics Student Loans Home Ownership Investing Debt Payoff Budgeting & Goals Credit Card Life […]
How Much Income Is Needed for a $200,000 Mortgage?
https://www.sofi.com/learn/content/income-needed-for-a-200000-mortgage/
In general, you need an income of at least $64,000 a year to afford a $200,000 mortgage. If you’re carrying significant debt, however, like student loans or high-interest credit cards, you may need to buy something slightly less expensive on such a salary. Several factors impact how much house you can afford and what lenders […]