Plus, how bulk buying can backfire
| |  | | September 3, 2025 | | | | | | | | | - How to level up your credit score to save $$
- How bulk buying can backfire
- Social Security confusion
| | | | | | | | Why You Should Give a FICO® About Your Credit Score | | | By Rebecca Moretti
In the bustle of daily life, it's easy to forget about your credit score. But this three-digit number can have a big impact on your borrowing costs. In fact, a recent Bankrate study found that borrowers with a score of 620 versus 700 pay an average of ~$3,400 more each year for loans and other essential financial products. So it literally pays to prioritize building and maintaining a strong score.
Here are some pro tips. | | | | | | | | | Your SoFi Toolkit | | Ready to focus on your credit score? SoFi's free monitoring will not only keep tabs on it, but also identify areas for improvement. Sign up in under a minute. | | | | | | | | | | When Bulk Backfires: Don't Assume Bigger Is Cheaper | | | By Debra Cope
It's a classic money-saving tip: Buy in bulk.
And 20% of U.S. grocery shoppers — including 33% of Gen Zers — have been using the strategy to combat rising food costs, according to a recent survey.
But does it actually save people money?
We visited several supermarkets in multiple states to test whether larger quantities of grocery items actually deliver a better value. And they certainly can — but not reliably. In fact, sometimes there was actually a cost disadvantage to a larger package. Not to mention that bigger quantities require spending more money upfront.
In short, don't assume bigger is cheaper. Here's what we learned and how you can benefit from it on your next shopping trip. | | | | | | | | | | 55% | That's the percentage of U.S. adults who don't understand how Social Security is funded, according to a recent Cato Institute/Morning Consult survey. This includes 23% who mistakenly think that the money taken out of their paychecks is saved in a personal account for them.
Social Security is built on a rolling pay-it-forward system where each generation's retired workers are covered by the younger generations' payroll taxes. But there's a lot of confusion about how it works, including because there are potential funding shortages.
It's important to understand how the benefits work, no matter your age.
Here's what you need to know. | | | | | | | | | Informed investment decisions start with informed insights. Here's what's making headlines:
🌠Kraft Heinz (KHC) will split into two public companies, dismantling the 2015 merger of H.J. Heinz and Kraft Foods after years of sluggish sales. One of the new companies will be focused on grocery items, the other on sauces and spreads. (Reuters via U.S. News & World Report)
🔋 Tesla's (TSLA) sales in Europe plunged again in July, falling 42% from a year earlier, as consumers continued to switch to cheaper models made by BYD. The Chinese competitor is now outselling Tesla in Europe. (CNN)
👕 Hoodie icon Gap (GAP) warned that tariffs will hit its profits more than previously expected. The company had mixed results in the second quarter, with comparable sales rising at Gap, Old Navy, and Banana Republic, but shrinking at Athleta. (CNBC) | | | | | | |  | | Artificial intelligence is limiting young Americans' employment prospects, new research shows. (The Wall Street Journal via MSN) | | | | | | | | | | | 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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