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What Is the Reverse Budgeting Method?
https://www.sofi.com/learn/content/reverse-budget-method/
The reverse budgeting method is an approach that prioritizes savings. Budgets typically start by looking at monthly bills and expenses and allocating whatever is left over to saving. Reverse budgeting turns this approach on its head — it considers savings first and spending second. Also known as the “pay yourself first” method, reverse budgeting starts […]
How Much Is the Down Payment for a $300K House for First-Time Homebuyers?
https://www.sofi.com/learn/content/how-much-down-payment-for-a-300k-house/
The median price for single-family homes and condos was $360,000 in the second quarter of 2024. So as expensive as it might sound, $300,000 is squarely in the price range of many first-time homebuyers these days. If you go by the old rule of thumb and save up a 20% down payment, that means forking […]
Active Contingent in Real Estate: What You Need to Know
https://www.sofi.com/learn/content/active-contingent-in-real-estate-what-you-need-to-know/
If you’re in the market for a new home, you’re likely no stranger to browsing online listing services. During your search, you may come across a listing that’s marked as active contingent. What does active contingent mean and how does it impact the homebuying process? In this guide, we’ll define active contingent and explore common […]
Guide to Different Types of Homes
https://www.sofi.com/learn/content/types-of-houses/
If someone asked you to describe your “dream home,” what picture would pop into your mind? A single-family home with a big backyard, or a high-rise condo with a view? Maybe you’ve always longed to live on a houseboat. Only you can decide which of the many house types out there is best for you […]
Low-Cost Hobbies That Are Fun and Inexpensive
https://www.sofi.com/learn/content/inexpensive-hobbies/
Too often, free time winds up costing us money, whether that means going to the movies, hitting the mall, or paying for an in-demand yoga class. But the truth is, passing time outside of work doesn’t have to be expensive. Having hobbies can be a smart, creative, and moneywise way to fill your free time. […]