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| May 1, 2026 |
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| Summer Side Hustles That Don’t Feel Like a Hustle |
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By Rebecca Moretti
Summer is an ideal time to earn extra cash, and people are earning more than ever from side hustles — an average of over $1,240 a month, according to a recent survey. But how do you take on another job without ruining your summer vibe? Here’s a list of side hustles that don’t necessarily feel like a hustle. |
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| Powell’s Swan Song |
While the Federal Reserve left interest rates unchanged this week, there were four voting members who disagreed with its statement, marking the most dissenters on a Fed decision since 1992.
The meeting was also very likely the last time we will see Chair Jerome Powell behind the podium. The Senate Banking Committee approved Kevin Warsh as his replacement the same day as Powell’s press conference, and the full Senate will likely vote to confirm him in the next week or so. |
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| Your SoFi Toolkit |
The Federal Reserve isn’t expected to lower its benchmark interest rate anytime soon. And that rate affects what you can earn on your savings as well as what you pay to borrow money.
Is your money taking full advantage of today’s interest rates? SoFi’s high-yield savings account offers competitive rates without account fees.1 |
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| Securing Your Summer |
May is a big transition month. Many of us are winding down the school year, getting ready for summer, and looking forward to some vacation. Before you officially slip into summer mode, take a moment to think ahead. Here are three simple suggestions for maximizing the month.
Protect your travel plans — especially since peace of mind is such a hot commodity these days.
- As the recent surge in jet fuel prices raises airfare, consider paying the extra to get refundable or flexible flights on your summer vacation. Then you’re hedging against further price hikes but also leaving your options open if fares drop. (Travel apps may have tools that alert you to price drops too.)
- With some airlines cutting unprofitable flights, it’s worth knowing what travel insurance does and doesn’t cover.
- Before going abroad, make sure you have a credit card that doesn’t charge a foreign transaction fee. Often 3% of each transaction, these fees can add up.
Capitalize on college fund incentivesNational 529 Day529 tax-advantaged college savings plans
Time major purchases. big purchases
1. 2. . May 29 is , so many states are offering limited-time bonuses and promotions to encourage participation in their . 3. Memorial Day kicks off a season full of shopping holidays, so it’s a good time to find discounts on you know you’ll have to make soon. For instance, May is one of the best months to find a deal on mattresses because sellers are often making space for new inventory.
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Informed investment decisions start with informed investors. Here's what's making headlines:
🌨️ Big Tech earnings focused on, you guessed it, AI development: While Alphabet (GOOGL) and Meta (META) both announced they’d spend even more on AI infrastructure, the cost was a harder sell for Meta investors, and the stock dropped. Unlike the Google parent, Microsoft (MSFT), or Amazon (AMZN), Meta lacks the cloud infrastructure business that can turn its AI investments into revenue. (CNBC)
📲 PayPal (PYPL) is separating Venmo into its own standalone unit, making it easier to track the payment app's progress — or potentially sell it. CEO Enrique Lores, who led HP before taking over PayPal in March, is betting the new corporate structure will help the company regain ground lost to Apple (AAPL) and Google (GOOGL). (CNBC)
🪙 Institutional investors have been driving the latest crypto rally. Bitcoin (BTC) pulled in $933 million in fresh institutional capital last week, powering the fourth straight week of net inflows for crypto funds. Assets under management reached $155 billion, the highest since Feb. 1, but still well below October’s $263 billion peak. (CoinDesk) |
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| Home insurance premiums can vary dramatically, depending on where you live. Crossing a county line can more than double the cost. (The Wall Street Journal) |
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| 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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| Did you find today’s newsletter valuable? |
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1When you open a SoFi Savings Account, SoFi Bank will also automatically open a SoFi Checking Account in your name. See the SoFi Bank Deposit Account Agreement for details.
No Account Fees
We do not charge any account, service, or maintenance fees for SoFi Checking and Savings. We do charge transaction fees for outgoing wire transfers, Instant Transfers, and global remittance transfers. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.
| INVESTMENTS AND DIGITAL ASSETS ARE NOT FDIC INSURED ‑ ARE NOT BANK GUARANTEED ‑ MAY LOSE VALUE |
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Brokerage products offered through SoFi Securities LLC, member FINRA/SIPC.
Advisory services are offered through SoFi Wealth LLC, an SEC-registered investment adviser. Information as of May 2026 and is subject to change. Screen images simulated. [3924309]
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