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.

Motel 6 entrance

Money at 30: Why Budget Hotels May Save You More Than You Think

When it comes to travel accommodations, I'm typically of two dueling mindsets. On the one hand, I don't feel a need to stay at the most luxurious properties in many cases — especially if I don't plan on staying in the room for all that long. Yet, I've often turned up my nose at traditional budget-friendly hotel and motel brands while on the road for one reason or another. However,...
Mercury IO card

Mercury Debuts IO Company Card for Startups

A FinTech banking platform meant to help startups manage their money as they scale is getting into the credit card game. This week, Mercy announced the launch of the IO card. Issued by Patriot Bank, the card carries no annual fee and has 30-day repayment terms. The IO card earns 1.5% cashback on all purchases, including international transactions. Earned cashback is then automatically deposited when all settled transactions are paid...
illustration of walkway

Robinhood Debuts "Investor Index" with App's Most-Owned Stocks

Since the brokerage app Robinhood launched in 2015, its seen more than its fair share of media attention. In addition to high-profile coverage of the company's own missteps, there's also been plenty of focus on what types of investments the app's users are pouring their money into. Now, Robinhood has announced the launch of its Investor Index that will provide a bit more insight on that topic. The new Investor...
Experian Boost

Experian Boost Beta Adds Rent Payment Reporting Feature

As many Americans are now aware, the United States credit system has some notable flaws. Among them is the fact that, in order to build credit, you typically need someone to extend you credit, creating a bit of a "Catch 22." Additionally, even though consumers might regularly pay bills for utilities, cell phones, and rent on time, such payments traditionally had no impact on their credit. That's where Experian's Boost...
"Cashing Out" by Julien and Kiersten Saunders

Money at 30: "Cashing Out" Audiobook Review

It's time yet again for another personal finance audiobook review. This month, I had the chance to check out Cashing Out: Win the Wealth Game by Walking Away by Julien and Kiersten Saunders of the Rich & Regular podcast. Having seen this duo at past FinCon events and all over personal finance Twitter, I was excited to pick this one up on Audible and give it a listen during my...
Alloy logo

Alloy Announces Additional $52 Million for Series C

A FinTech that helps other FinTechs as well as banks to better automate their decision-making process has raised more money on top of its recent "megaround." Last week, Alloy announced that it had raised another $52 million, with the latest round valuing the company at $1.55 billion. These funds add to the company's previously-announced $100 million Series C nearly one year ago. The round was led by Lightspeed Venture Partners...
Top 10 Must-Read Personal Finance Posts August 2022

Top 10 Personal Finance Articles of the Month — August 2022 

It’s time again for one of my favorite features here on Dyer News: a look at the top 10 personal finance articles of the month. To kick things off, we'll look at a trio of posts about various aspects of retirement — from planning for it to living it. After that, we'll discuss spending on essentials. Lastly, we'll close the month out with lessons from millionaires, the truth about the...
Credit score and credit cards

Average FICO Credit Score Remains Stagnant at 716

There's good news and bad news when it comes to today's credit scores. According to FICO, the average credit score is currently 716 — matching what it's been since April 2021. Notably, this is the first time in 10 years that the average FICO credit score didn't increase year-over-year. The previous example was from 2012 when the average was 689 for two consecutive Octobers (plus a brief increase to 690 in...
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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...
Brim logo

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...