SoFi Blog

Tips and news—
for your financial moves.

End of year debt payoff checklist

Your One-Minute Checklist To Eliminate Debt (And Make 2017 Really Payoff)

As the year draws to a close, it’s a great time to reflect on your finances—especially if you’re a recent grad who’s newly employed. You’re likely bringing home a significant paycheck for the first time in your life, but also have big-time monthly bills to pay, including student loans. Without proper planning, that debt can easily drag you down.

So how can you balance paying your bills, eliminating your debt, and saving for your future while still allowing yourself a few bucks for fun?

Start achieving your 2017-and-beyond financial goals by asking yourself these key questions:

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How Good is your Financial Health Right Now?

Editor’s Note: This new series on Financial Fitness comes from personal finance expert, and new SoFi content partner, Dr. Tony Pennells, founder of The Freedom Club. Using proven tools and systems, Dr. Tony demystifies “financial freedom” with common sense solutions to help people create true wealth (the type that makes money that you don’t have to work for!).

Do you have every intention of setting money aside for your future, paying down debt or creating an emergency buffer, but never quite seem to get there? Do you find that no matter how much money you earn, by the end of the pay period you have almost nothing? If so, you’re not alone. A recent study showed that 47% of Americans couldn’t come up with $400 to cover a financial emergency (via The Atlantic)

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