Personal Finance: What You Need To Know Today

Category: Personal Finance

Personal finance and money management can be very confusing. Most people know that optimizing their finances is important but few feel confident that they have the knowledge to do so.

At Fioney we stay on top of the latest economic trends, financial products, and money management strategies in order to provide the knowledge to help you use the money you have today to live the life you want.

Learn to make your money work for you. Whether it’s getting debt free or buying a home we have you covered.

Experian Boost on phone

Experian Boost Review: How Does it Work? Is it Worth it?

Building credit has long been a Catch-22 as getting approved for credit often means already having credit established. Luckily for consumers, in recent years there have been a few innovations that have addressed this issue in different ways. One such option is Experian Boost, which comes from Experian — one of the three major credit bureaus in the United States. While you may have seen the ads for the service...
illustration of credit card and a line of people

Survey: 45% of Americans Rely on Credit Amid Inflation

A new survey highlights the link between continued inflation and how Americans are using credit. About the survey results: According to a Debt.com survey of 1,000 U.S. adults, a significant number of consumers are currently relying on credit. In fact, 45% of respondents cite inflation and price increases as the reason for their credit usage. Furthermore, 35% say they've maxed out their cards in recent years as a result of...
dog sitting on a couch

Costs of Pet Ownership: More of Our Actual Expenses with a Dog

Back in 2021, my wife and I decided to add a dog to our family. After a lengthy search, that summer, we brought Rigby home. Soon thereafter, I shared a post detailing the expenses we'd encountered as new pet owners. Now, as we mull the idea of potentially getting a "sibling" for Rigby, we've been thinking about what costs that would bring. While we're not ready for that quite yet,...
Welcome to the New Era of Digital Investing

Apex FinTech Solutions Acquires AdvisorArch

Apex FinTech Solutions, which provides clearing services and other solutions, has announced its latest acquisition. About the acquisition and AdvisorArch: Today, Apex FinTech Solutions revealed that it had acquired AdvisorArch — a company that Apex has partnered with since 2023. Terms of the deal were not readily disclosed. According to Apex, the acquisition will allow it to strengthen its platform and expand its digital advice tools. For example, it notes...
Oxygen app

Oxygen Ending Banking Services, Pivoting to Health Solutions

The business and consumer neobank Oxygen has announced a "temporary" exit from banking services. About the closure: Oxygen has announced that it will be "pausing banking" and will shut down its current accounts. First, as of today, the Total Rewards Program will be discontinued. Effective March 16th, users will no longer be able to deposit money into their Oxygen account. Then, on March 21st, services such as Round Up Spare...

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...
woman holding a Tomo Credit Card

TomoCredit Offering Proprietary TomoScore to Businesses

TomoCredit has announced that it will be bringing its unique creditworthiness model to more businesses. About TomoScore and the expansion: TomoScore is an underwriting model designed as an alternative to FICO or other traditional credit models. Among the factors Tomo's model looks at are cash flow as well as on-time payments for bills, regular income, monthly rent payments, and investments. By focusing on these elements, TomoScore allows those who are...
electric lawnmower on grass

Lessons From a First-Time Home Buyer: How We Saved on Our First "Major" Purchase as Homeowners

Being a new homeowner after years of renting means that there are several items we are now in the market for that I wouldn't have even thought of before. What's more, these items are often on the pricey side, pushing them into the category of "major purchases." For example, this past week, we bought ourselves a lawnmower. Knowing that we didn't want to "cheap out" but also didn't want to...
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A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
H-E-B and Central Market  credit cards

Imprint Launches Credit Cards from H-E-B and Central Market 

The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...
Summer app

Student Loan Benefit FinTech Summer Raises $6 Million

For years, student debt has been one of the most talked about financial topics. What's more, while the debt itself has become a major part of many Americans' lives, discussion of student loans has become political due to efforts to forgive certain loan repayments. However, while we wait for resolution on that front, a FinTech that brings student debt benefit solutions to employers and consumers has raised a new round...