Plus, 5 ways to avoid back-to-school shopping regret
| |  | | August 11, 2025 | | | | | | | | How 'Sinking Funds' Can Lift Revenge Savers | | | | Are you feeling the urge to "revenge save" in this unpredictable economy? It's the impetus to stash your money away with the same intensity that you may have spent it after COVID lockdowns. Intense saving can help us feel more in control as the cost of living continues to rise. But holding onto your money can be tricky. Here's some inspiration. | | | | | | | | | Your SoFi Toolkit | | If you're in revenge-saving mode, make the most of it with a SoFi high-yield savings account. You can now earn a 4.50% APY for 6 months with eligible direct deposit. Terms apply.¹ | | | | | | | | | | 5 Ways to Avoid Overspending on Back-to-School | | | By Lora Shinn
Whether you need a crisp new notebook and a snazzier backpack or a fresh shower caddy and a better dorm-room organizer, back-to-school shopping can give many families with students a unique kind of thrill.
What's not so thrilling: how quickly the costs add up.
Inflation's been heavy for years, and now we have to factor in the tariff math too. Nearly 75% of back-to-school shoppers in a PwC survey earlier this year said they anticipated spending the same or more than last year.
Families with kids at home estimate they'll spend an average of $858 (between electronics, clothing, shoes and school supplies) while those with college students are looking at a total of $1,323, according to a July survey by the National Retail Federation.
No matter how old your student is, here are five ways to tackle your list without blowing your budget. | | | | | | | | WEEK AHEAD ON WALL STREET | | | | Inflation, Meet Tariff | | | The focus narrows this week.
With earnings season slowing to a trickle, one thing will dominate the conversation: inflation.
The main events will be the release of the Consumer Price Index (CPI) on Tuesday and the Producer Price Index (PPI) on Wednesday. CPI, the most widely followed measure of inflation, measures the average change in prices paid by consumers. The PPI, on the other hand, offers a look at inflation pressures earlier in the pipeline by tracking the change in wholesale prices — the prices charged by U.S. manufacturers and other producers.
With investors sensitive to potential tariff impacts, these won't be routine data releases. Given how much Federal Reserve officials have highlighted uncertainty around tariffs, lower-than-expected readings would likely cement market expectations for an interest rate cut in September. On the other hand, a surprisingly high number could throw a rate cut in doubt. | | | | | | | | | | | Informed investment decisions start with informed insights. Here's what's making headlines:
🦉 Language app Duolingo (DUOL), which has faced backlash for going "AI-first" to create content for its courses, said its daily active users were up 40% last quarter from the same period a year earlier. (TechCrunch)
🚲 Stationary bike maker Peloton (PTON), struggling since its pandemic heyday, delivered a surprise quarterly profit and announced another cost-cutting plan that includes layoffs. (CNBC)
🩴 Comfy footwear firm Crocs (CROX) beat revenue and earnings expectations for the second quarter, but struck a cautious note for the current quarter, citing the potential impact of tariffs on consumer spending. (Women's Wear Daily) | | | | | | |  | | Crypto in 401(k) plans? Here's the vision. (The Hill) | | | | | | | | | | | 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? | | | | |
| | | | INVESTMENTS ARE NOT FDIC INSURED ‑ ARE NOT BANK GUARANTEED ‑ MAY LOSE VALUE | | ¹Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 9/3/25. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDICEarn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 9/3/25. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC
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