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.

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Robinhood Makes Changes to Cash Card Debit Card Program

The stock trading app Robinhood has rolled out a pair of tweaks to its debit card offering. About the updates: Robinhood has announced some key changes to its Cash Card program — which itself was a replacement and overhaul of the company's previous Cash Management account. First, the Robinhood Cash Card will be dropping its weekly round-ups match feature. Previously, cardholders could opt into a program that would round up...
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Finnair Announces Adoption of Avios as Its Loyalty Currency

Finnish airline Finnair has announced some major changes to its loyalty program, including adopting a new point currency. About the change: Finnair has announced that, starting in early 2024, its Finnair Plus program will make Avios its official loyalty currency. In doing so, the airline will retire its current Finnair Plus points. As they explain, once the move is complete, customers will automatically see their Finnair Plus points converted to...
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Wealthfront Adds Stock Collections For AI, Dividend Stocks, More

The FinTech platform Wealthfront is making it easier for customers to invest in artificial intelligence AI by rolling out new Stock Collections focused on the technology. Elsewhere, a dividend-focused collection has also been added. About the new collections: Wealthfront has announced the introduction of three new Stock Collections: AI Adopters, Generative AI, and Large-Cap High Dividend Payers. The first option is comprised of businesses that are already effectively embracing AI,...
Credit Sesame Credit Builder Mastercard

Credit Sesame Relaunches Sesame Credit Builder Mastercard

The credit monitoring site Credit Sesame is relaunching its credit building-debit card. About Sesame Credit Builder: With the Sesame Credit Builder Mastercard, users can allocate part of their Sesame Cash balance to serve as their security deposit. Then, customers can simply make purchases with their debit card, with Credit Sesame adding transactions to their line of credit and automatically paying off those purchases on time each month. Credit Sesame reports...
minimalist living room

5 Biggest Barriers to Living a More Minimalistic Lifestyle

Over the past few years, my wife and I have strived to live a more minimalistic lifestyle. By this I mean that, while you'd be hard-pressed to call us "minimalists," we have adopted some of the principles and have worked to downsize in certain areas. And while we still have plenty of stuff that could be deemed unnecessary, we have managed to keep things much tidier than we did previously....
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iWallet Announces Plans to Support FedNow Check Deposits

As the FedNow service rolls out, one business-centric check deposit app has announced plans to bring its capabilities to its platform. About the update and FedNow: The FinTech app iWallet has announced that it will soon integrate FedNow into its service. According to the startup, they'll be one of the first processing apps to support the real-time check deposit technology. Currently, iWallet expects the update to be available by the...
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Report: 401(k) Balances Rise, Hardship Withdrawals Increase

A newly-released report looking at 401(k) account balances at Bank of America shows that, while overall balances are trending upward, more people are also requesting hardship distributions. About the report: According to the BofA report, the average 401(k) account balance at the end of last quarter was $82,300. That's up by $7,250 so far in 2023, representing a 9.6% increase. In the second quarter, the average contribution came in at...
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PayPal Launches PYUSD Stablecoin

PayPal is expanding its digital payments network with the introduction of a new stablecoin. About PYUSD: This week, PayPal announced the launch of a United States dollar-backed stablecoin called PayPal USD — or PYUSD. These coins will be redeemable at a 1:1 ratio for U.S. dollars and will be issued by Paxos Trust Company. In the coming weeks, customers will be able to transfer PYUSD between PayPal and compatible external wallets,...
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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...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
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Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
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...