Plus, what to ask a financial planner
| |  | | July 9, 2025 | | | | | | | | 5 Ways the Newly Passed Budget Bill Could Affect You | By Rebecca Moretti
After a month of Congressional back-and-forth and a dizzying number of incremental updates in the news, you probably just want to know what made it into the final version of the "One Big Beautiful Bill" — and why it matters for you.
Here are five key ways the legislation could affect your wallet.
| | | | | | | | GET FIT: A 3-PART CHALLENGE | | | | Part 2 - Strength Training: Build Your Budget | | | Ready to buff up your finances? This week, On The Money is featuring "exercises" designed to kickstart your financial fitness.
In part 1 of the challenge, you took a hard look at your spending. Now, it's time to make it count. Just like every new fitness goal requires a personalized workout plan, you need a budget that works for you.
Today's exercise: Zero in on a budgeting method that you'll realistically stick with.
There are many ways to budget your money. One of the most common is the 50-30-20 method, that takes your after-tax income and divides it into three buckets:
- 50% to "must-haves" like rent and food
- 30% to "wants" like eating out and entertainment
- 20% to savings and paying down debt
To help you get started, use this 50/30/20 calculator. It's like having a personal trainer for your finances.
Stay tuned for your final challenge on Friday! | | | | | | | | Where to Start With a Financial Planner: 10 Questions to Ask | | | By Dawn Papandrea
Building wealth is a journey, and there are times when we need a little support along the way. Just like a therapist can help you work through your emotions, or a personal trainer can push you to new fitness heights, a financial planner can help you zero in on your financial goals.
But where do you start? These 10 questions can help you maximize your financial planning sessions and prepare for whatever comes next in your life.
| | | | | | | | Your SoFi Toolkit | | Thinking about using a financial planner but not sure where to start? SoFi members get unlimited access to virtual financial planning sessions with a SoFi Plus membership. | | | | | | | | | | | | Informed investment decisions start with informed investors. Here's what's making headlines:
🏎️ Apple's (APPL) race into Hollywood is paying off: "F1: The Movie" hit $293 million in global box office sales over the weekend, already making it Apple's highest-grossing theatrical release ever. (CNBC)
📦 Amazon's (AMZN) 96-hour "Prime Day" event, which runs until Friday, is expected to lift U.S. online sales to nearly $24 billion, the equivalent of two Black Fridays' worth of e-commerce, according to an Adobe Analytics forecast. (Reuters)
✈️ Delta (DAL), slated to kick off second-quarter airline earnings tomorrow, is expected to report lower profit and revenue compared to a year ago. In April, Delta said growth had largely stalled amid economic uncertainty. (Yahoo Finance) | | | | | | | | | Rapper, actor, and producer Common shares why he believes you can do good in the world while still doing well for yourself. | | | | | | | | | | | 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. | | | | | | | | | | Did you find today's newsletter valuable? | | | | |
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