Looking to make a move, but strapped for cash? There are a host of things you can do to make sure you don’t break the bank before relocating. SoLo is here to offer our best tips for a smooth and efficient move that is conscious of your wallet.Read More
There are many different financial options on the market — home loans, car loans, student loans, borrowed capital to get a small business off the ground — and without them, so many essential transactions and businesses struggle to take shape. However, most of these options only help companies or individuals making large purchases. For decades, banks and other traditional financial institutions have held a virtual stranglehold on the lending landscape, but that’s all changing as services such as SoLo Funds use the power of peer-to-peer lending to give individuals access to emergency funds at the tap of a button.Read More
Many people try to avoid talking about money as long as they can. With someone as important as your significant other, though, this can turn out to be disastrous. Discussing your financial life and goals can help both of you plan better for the future, especially if you live together (or ever plan to do so). Read on for a few tips for on how to navigate your discussion in a productive and respectful way.Read More
What is a secured card anyways? A secured credit card is largely similar to prepaid debit: Both are issued by traditional creditors and require an upfront investment by their users. By depositing funds from a non-credit bank account (or, in prepaid debit's case, cash or check at your bank's branch), you provide the financial institution collateral that eliminates or mitigates their risk. Read on to find out more about this unique type of credit option.Read More
Renting can sometimes be considered more of a young person's living strategy - those from early college age into their late 20s - but data from the Pew Research Center makes it clear that things aren't nearly so cut and dried. As of 2016, 43.3 million people referring to themselves as heads of household (which includes single individuals) for U.S. Census Bureau questionnaires said they rented their residences. Percentage-wise, that comes out to 36.6 percent, which is close to the all-time-high 1967 figure of exactly 37 percent. Additionally, renting rates are up among demographic groups traditionally viewed as homeowners, such as middle-aged adults.
All told, renting in America is on a significant upward trajectory.Read More