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How Much Money Should I Save a Month?
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You likely already know it can be wise to save money every month. Whatever your income or age, putting money aside for the future can help you maintain financial stability and achieve your goals. But how much of your paycheck should you save each month? Financial professionals often recommend putting at least 20% of your […]
What Is a Good Salary for a Single Person Living in California?
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Calling California home can be expensive, and some locations carry a much higher cost of living than others. In fact, if you’re wondering where to live in the Golden State, your income may be the deciding factor. A good salary for a single person in California varies widely depending on location and industry: $50K may […]
10 Small Business Grants for Minorities
https://www.sofi.com/learn/content/minority-business-grants/
Minority small business grants are designed to provide funds and opportunities to business owners who belong to historically marginalized communities. Unlike loans, these grants offer capital you don’t have to pay back. Plus, many grants also provide free coaching and other forms of support. Read on for a closer look at how small business grants […]
Foundation vs Charity vs Nonprofit: Key Differences
https://www.sofi.com/learn/content/nonprofit-vs-foundation/
Foundations, charities, and nonprofits all operate with a mission-driven focus, aiming to serve public or community interests rather than generating profits. And while they are similar, there are distinct differences between the three as well. Each structure has distinct legal, operational, and financial characteristics, in addition to important tax differences. Read on to learn what […]
Comparing Amortization and Depreciation
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Depreciation and amortization are methods for deducting the cost of business assets over a number of years, as opposed to writing off the entire cost the year you make the purchase. The concept behind both is to match the expense of acquiring an asset with the revenue it generates. The key difference between depreciation and […]