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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Amazon Closing Its AmazonSmile Charitable Giving Program

In some bad news for Amazon customers and non-profit organizations alike, the online retail giant has announced that it's ending its AmazonSmile service. According to an email sent to customers, the program will be wound down by February 20th. Instead, the company says it will focus on some of its other philanthropic efforts including its Housing Equity Fund, its Community Delivery Program, Amazon Disaster Relief, and more along with continuing...
Mayfair cash management screenshot

Business Banking Startup Mayfair Emerges from Stealth Mode

A FinTech that helps businesses earn a healthy return on their money is ready to raise its profile. As TechCrunch reports, Mayfair recently emerged from stealth mode and is offering businesses up to 4.02% APY on their parked cash. The startup has partnered with Evolve Bank & Trust — one of the top FinTech partner banks — as well as Stripe. To date, Mayfair has raised a total of $10...
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Money at 30: My Top 3 Finance Apps and Tools to Watch in 2023

Over the past few years, I've offered up my list of the top FinTech apps and tools. This originally started as a way to highlight a few of my favorite tools but eventually evolved to also highlight offerings from startups I just found fascinating. Well, as it turns out, my track record has been a bit hit-or-miss on that front. So, this time around, I thought I'd keep the tradition...
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JPMorgan Chase Suing Founder of FinTech Frank for Fraud

In September of 2021, JPMorgan Chase announced that it was acquiring the FinTech startup Frank — a company started in 2017 by then-24-year-old Charlie Javice — for $175 million. Now, more than 18 months later, Chase is suing Javice and has shut down the Frank site. As CNBC reports, the bank is accusing Javice of fraud, saying the founder manufactured a number of fake accounts. In fact, they estimate that...
Cost of Financial Illiteracy

Survey: Americans Lose Average of $1,819 to Financial Illiteracy

How does a deficit in financial education impact the wallets of Americans? A recent survey conducted by the National Financial Educators Council (NFEC) asked more than 3,000 consumers, "During the past year, about how much money do you think you lost because you lacked knowledge about personal finances?” The majority (61.8%) reported losing between $0 and $499 due to their financial illiteracy. However, 15% said that they'd missed out on...
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Privacy.com Review (2023) — How it Could Help Keep Your Money Safe

First the bad news: considering all the major data breaches that have hit retailers, websites, and freaking credit bureaus alike, there’s a very strong chance your personal info has been compromised at some point. Luckily, in addition to steps you can take, such as freezing your credit reports to prevent criminals from using this data, there are a growing number of tools you can use to foil thieves in the...
Waitlist Lifted

Robinhood Retirement Now Available to All Eligible Customers

Just a few weeks after the investment app Robinhood opened a waitlist for its IRA product, today, the company announced that the feature is now available to all eligible customers. According to the FinTech, more than 1 million users who joined the waitlist had access to Robinhood Retirement prior to this latest update. Now, all customers can find the feature in the app. Robinhood Retirement was first confirmed during an...
Frenchton dog sitting on the floor

Money at 30: Is the Cost of Dog Training Worth It?

A few months ago, my wife and I welcomed a four-legged friend to our family. Since then, our dog Rigby has made tremendous growth as it pertains to get getting used to our home, adjusting to our routines, and even basic things such as walking on a leash. While part of this progress can just be attributed to her spending more time with us, the professional training we purchased for...
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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...