How do you determine if you should buy something?

Ask yourself a few pointed questions, including whether you have the money (and whether you could find a better price); what this particular purchase would really add to your life; and whether you could do something better with the money.

Should a budget include flexibility for impulse purchases?

Yes. Some experts would argue that having some type of allowance for impulse purchases can help you stick to your budget. Building in flexibility to your spending plan can help you stick with it.

Is it OK to buy yourself something nice?

Yes, but it will feel better if you’ve budgeted for it ahead and time and pay for it with money you’ve already set aside. Also consider adding a “fun money” category in your budget so you always have a little stash of cash for a spontaneous splurge.

Second Chance Credit

9 Questions To Ask Yourself To Prevent Impulse Purchase

https://www.sofi.com/learn/content/questions-to-ask-before-making-an-impulse-purchase/

You’ve likely made some impulse purchases in your life — or at least purchases you later realized weren’t all that wise or well thought out. It can be easy to get caught up in the excitement of buying something new or “just marked down,” that you lose sight of your better instincts — not to […]

What Is Loan Modification? What You Should Know

https://www.sofi.com/learn/content/loan-modification/

Loan modifications change the terms of your loan with the goal of making the payment more manageable. Unlike refinancing a loan, having a loan modified means the loan remains with the same lender — just under revised terms. Loan modifications can be challenging to obtain and typically decrease your credit score. But for some borrowers, […]

10 Tips for Investing Long Term

https://www.sofi.com/learn/content/tips-for-investing-long-term/

While short-term investing can be highly risky, investing for the long term is a time-honored way to manage certain market risks so you can reach important financial goals, like saving for college tuition and retirement. That’s because when it comes to building a nest egg for these bigger life expenses, saving alone won’t necessarily get […]

You Can Still Put Off Repaying Your Student Loans. Should You?

https://www.sofi.com/learn/content/delaying-student-loan-payments-on-ramp/

After years of paused federal student loan payments in response to the COVID-19 emergency, payments are starting up again. Interest charges started accruing in September, with first payments due in October. While some borrowers are financially prepared to make their payments, not all are. If you’re worried about your upcoming federal student loan payment, you […]

Testing the Waters: What It Means in an IPO

https://www.sofi.com/learn/content/testing-the-waters-ipo/

Testing the waters in the initial public offering (IPO) process allows companies and related parties that are looking at going public to gauge how successful their prospective IPO would be — without going through the actual process of going public. The Securities and Exchange Commission (SEC) voted in 2019 to adopt a new rule to […]

“Second Chance Credit”

9 Questions To Ask Yourself To Prevent Impulse Purchase

What Is Loan Modification? What You Should Know

10 Tips for Investing Long Term

You Can Still Put Off Repaying Your Student Loans. Should You?

Testing the Waters: What It Means in an IPO

Student Loan Refinancing

Personal Loans

Online Investments

Other

Student Loan
Refinancing

Personal
Loans

Online
Investments