Category: Personal Finance
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Personal Finance
Finnair Announces Adoption of Avios as Its Loyalty Currency
by Kyle Burbank
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... Personal Finance
Wealthfront Adds Stock Collections For AI, Dividend Stocks, More
by Kyle Burbank
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,... Personal Finance
Credit Sesame Relaunches Sesame Credit Builder Mastercard
by Kyle Burbank
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... Personal Finance
5 Biggest Barriers to Living a More Minimalistic Lifestyle
by Kyle Burbank
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.... Personal Finance
iWallet Announces Plans to Support FedNow Check Deposits
by Kyle Burbank
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... Personal Finance
Report: 401(k) Balances Rise, Hardship Withdrawals Increase
by Kyle Burbank
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... Personal Finance
PayPal Launches PYUSD Stablecoin
by Kyle Burbank
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,...