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.
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Personal Finance
Survey: 70% of Adults Worried About Financial Health in 2024
by Kyle Burbank
With 2024 still less than two weeks old, a new report from Doxo highlights how consumers fared in 2023 and how they're feeling about the new year in terms of their finances. About the results: Doxo's latest survey first looked back at consumers' finances in 2023 before looking ahead to this year. According to the results, the average household spent a total of $2,046 per month on bills last year.... Personal Finance
Lessons From a First-Time Home Buyer: Mortgage Payments vs. Monthly Payment
by Kyle Burbank
Even if you've never owned a home, you're probably aware that there are several regular expenses you'll need to concern yourself with. Yet, something you might not realize is that what's often referred to as your "mortgage payment" typically encompasses more than your interest and principal. So what's the difference between a mortgage payment and your actual monthly payment? Let's take a quick look. What's the Difference Between a Mortgage... Personal Finance
Investment Property FinTech Downpayments Raises $32.8 Million
by Kyle Burbank
A FinTech that allows property investors to finance their down payments has announced a new funding round. About the round: This week, Florida-based startup Downpayments announced that it had raised $32.8 million via a mix of debt and equity. According to Crunchbase, the debt financing portion of the round totaled $31.8 million, while the equity seed round accounted for the other $1 million. Partners for Growth facilitated the debt financing,... Personal Finance
Hilton Announces Name for New Extended Stay Brand
by Kyle Burbank
After previously announcing an extended stay brand under the code name "Project H3," Hilton has now revealed the actual brand banner: LivSmart Studios. About LivSmart Studios: Hilton has shared more information on its apartment-style extended stay brand. LivSmart Studios will target the lower midscale market and are intended for guests staying 20 nights or more. According to the company, it has more than 350 deals "in various stages of negotiation,... Personal Finance
Intuit Announces TurboTax Integration in Credit Karma
by Kyle Burbank
With Tax Season ramping up, Intuit has announced a new TurboTax integration for the popular Credit Karma platform. About the integration: Intuit is bringing TurboTax into Credit Karma. As a result, customers will be able to file their 2023 taxes using the TurboTax platform via the Credit Karma interface. In some cases, this includes the ability to file for free. Additionally, those who do file with TurboTax and are due... Personal Finance
United States Economy Added an Estimated 216,000 in December
by Kyle Burbank
The United States economy closed out 2023 with yet another impressive jobs report. About the report: According to the latest Bureau of Labor Statistics report, the U.S. economy gained 216,000 jobs in the last month of 2023. That easily beat the 175,00 jobs expected by economists surveyed by Bloomberg. Meanwhile, the unemployment rate was flat month-over-month, sticking at 3.7% (economists had anticipated it to tick up). While December's figures were... Personal Finance
SoFi Offering 2% Match for IRA Contributions Through Tax Day
by Kyle Burbank
With the new year underway and tax season just around the corner, SoFi is encouraging taxpayers to contribute to their IRAs by offering a special bonus. About the offer: Today, SoFi unveiled a limited-time deal where customers can earn a bonus when making contributions to their SoFi IRAs. Through April 15th, the brokerage will be offering a 2% IRA Match. This means that, if a customer contributes $5,000 to their...