216 Search Results
216 Search Results
https://www.sofi.com/learn/content/what-is-a-microsavings-account/
Saving money can be a challenge, especially for those with a lower household income. To help individuals and families with lower incomes save, some financial institutions offer a type of bank account known as a micro saving account. A micro savings account works similarly to a traditional savings account, but it’s designed for consumers who […]
https://www.sofi.com/learn/content/attic-remodels-101-pulling-off-attic-conversion-project/
The longer you live in your house, the more obvious it may become that you could use more living space — perhaps for a guest bedroom, home office, or workout space. Your first thought might be to build an addition, but the sticker shock may cause you to shelve that idea and instead consider an […]
https://www.sofi.com/learn/content/is-150k-a-good-salary/
Depending on your financial liabilities, a gross annual income of $150,000 is a good salary, especially for a single person. Keeping tabs on the competitiveness of your income is an essential part of career growth and the financial and life goals you set for yourself. If you’re curious about how your six-figure salary compares to […]
https://www.sofi.com/learn/content/income-needed-for-a-550000-mortgage/
If you’re looking at a $550,000 mortgage, you’ll need some solid numbers to help you afford the home you want. Assuming a 7% interest rate, you’ll need to make around $160,000 per year to afford the roughly $4,800 monthly payment on this loan. This amount includes an estimate for taxes and insurance by Fannie Mae […]
https://www.sofi.com/learn/content/is-70k-a-good-salary/
When it comes to defining a “good” salary, there’s no one magic number. The Bureau of Labor Statistics (BLS) reported that the average salary in the U.S. is $65,470, as of May 2023. Based on this data point, $70K a year is a good salary for a single person — one that puts you above […]
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