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.

Upgrade and FairPlay logos

FairPlay Announces Partnership with Upgrade

The FinTech Upgrade will be working with another startup in a bid to make its lending practices more fair. About the partnership and about FairPlay: This week, FairPlay and Upgrade announced a new partnership. As a result, Upgrade will implement FairPlay solutions. In doing so, the company is looking to monitor and improve the fairness of the site's underwriting — which is also expected to result in more "positive outcomes"...
The Deficit Myth book

Book Review: "The Deficit Myth" by Stephanie Kelton

A couple of months ago, I reviewed Scott Santens' Let There Be Money. In that book, he mentioned The Deficit Myth from author Stephanie Kelton. Having enjoyed Santens' work overall, I decided to continue my education on Modern Monetary Theory (MMT) by downloading Kelton's audiobook. Subtitled Modern Monetary Theory and the Birth of the People's Economy, Kelton's book serves as a deep dive into the concept of MMT and how...
Sofi Invest logo and app

SoFi Launching Alternative Investments Feature

A FinTech brokerage is bringing more investment options to its platform. About the feature: SoFi has announced that alternative investments will soon be offered as part of SoFi Invest. These include the ability to invest in commodities, pre-IPO unicorns, private credit, and more. According to SoFi, they'll begin by offering more than 6,000 mutual funds. Plus, customers will be able to invest in ARK Venture Fund, Carlyle Tactical Credit Fund,...
transferring Bilt points on a phone

The Good and Bad of Credit Karma in 2024

So Credit Karma might not be able to tell you exactly what your credit score is but the truth is you have so many scores that it hardly matters. What makes this free service great isn’t necessarily the credit scores it offers you but the tools it gives you to protect, monitor, and improve your overall credit.
US GDP Growth Chart

The United States Economy Grew 3.3% in Q4 2023

A new report shows that the United States economy continued to expand in the last quarter of 2023. About the numbers: According to the Bureau of Economic Analysis, the U.S. gross domestic product (GDP) increased 3.3% in the fourth quarter. As CNN Business notes, although that's down from the 4.9% growth rate recorded in the third quarter of the year, it's more than double the 1.5% growth economists expected. For...
real estate agent and a happy couple

Lessons From a First-Time Home Buyer: Letting Professionals Do the Heavy Lifting

When buying our first home, I was afraid that I'd quickly feel as though I was in over my head. Thankfully, though, that didn't really happen. Then again, that's undoubtedly because we surrounded ourselves with professionals who were able to do a lot of the leg work for us as well as "hold our hands" during each step of the journey. Rather than dive into the pros and cons of...
Bilt logo and Ken Chenault and Ankur Jain

Bilt Rewards Announces $200 Million Equity Round

Bilt Rewards has announced its latest funding round as well as the addition of some luminaries to the company's board of directors. About the round and board appointments: Today, Bilt Rewards revealed a $200 million equity investment. The round was led by General Catalyst with participation from Eldridge and returning investors Left Lane Capital, Camber Creek, and Prosus Ventures. Notably, with this new funding, Bilt is now valued at $3.1...
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Money at 38: The Major Ways My Finances Have Changed

In 2016, I wrote a guest post for what was then called Dyer News (now Fioney) about my "financial awakening." What inspired that article was the fact I'd just checked my credit for the first time, leading me to take a greater interest not only in my money but in the topic of personal finance in general. Needing a title, I settled on calling it "Money at 30" — which was...
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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...
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...