💸 Is your location the new credit risk?

Plus, 5 painless things to do to spend less
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SoFi On The Money
June 2, 2025
 
 
THE SOFI SO WHAT

Is Your Location the New Credit Risk? What to Consider
By Al Lewis

Climate change is remaking the home insurance landscape. Depending on where you live, the prevalence of disastrous hurricanes, wildfires or tornadoes can make policies a lot more expensive and much harder to get.

But what can you do if climate change ends up making it harder to even get a mortgage?

According to a new study by First Street, a risk modeling firm that analyzed the relationship between physical climate risk and foreclosures in the U.S., that's a real risk.

In fact, just like your credit score, First Street expects that where you live will end up being an important factor in how lenders assess your creditworthiness. So it's important to consider all aspects of your location when you're making important life decisions.
Read more
 
 
5 THINGS TO DO

5 (Quick) Things to Do to Spend Less Money
By Lora Shinn

Between high prices and uncertainty about the future of the economy, many of us are thinking about ways to cut our costs.

And whether you free up cash to cover your basic bills, build up your savings, or take that vacation you really need, tightening your belt is empowering. But finding the time or energy to budget and hunt for deals can be difficult, right?

Thankfully, there are some quick and easy ways to cut back. Here are five things to do to keep your spending in check — even if you feel too busy to budget.
Read more
 
 
WEEK AHEAD ON WALL STREET

On the Menu: A Fresh Serving of Economic Data
A fresh serving of economic data is on the menu for investors this week, offering insights into the health and direction of the economy that have the potential to influence sentiment and investment decisions.

While several key releases are scheduled, the main course is sure to be the Friday jobs report. Here's what else to pay attention to.
Read more
 
 
WHAT WE’RE READING

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Unpaid student loans could impact the broader economy. Here's how. (The Wall Street Journal via MSN)
Read here
 
 
Intel, insights, and inspo for your money.
On the Money cuts through the noise of day‑to‑day financial news to bring you a more thoughtful point of view on what's important in this moment — and how it impacts your bottom line. We value your trust above all.
 
 
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💸 Is your location the new credit risk? 💸 Is your location the new credit risk? Reviewed by PaidmeLLC on June 02, 2025 Rating: 5

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