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.
Personal Finance
Personal Finance
Money at 30: "Cloudmoney" Audiobook Review
For years, I've been writing about the FinTech sector and reviewing applications that fall under that banner. In turn, I've become a fairly large fan. Thus, when I was looking for new books to check out and came across one that seemed critical of the advent of these financial technology firms, I was definitely intrigued. The book in question is Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets...
Personal Finance
July Report: U.S. Economy Regains Jobs Lost During Pandemic
In March of 2020, following a month that saw unemployment fall to 3.5%, the United States economy shed 459,000 jobs. This was followed up by a massive 20.5 million job loss in April, bringing unemployment to 14.7%. Now, 27 months later, the U.S. has returned to that February 2020 high. According to the latest Bureau of Labor Statistics report, the economy added 528,000 jobs in July. This was more than...
Personal Finance
What Happens When a FinTech App Shuts Down?
Lately, it seems as though there's been a lot of bad news looming over the FinTech sector. Obviously cryptocurrency firms are the largest example of this but, with Robinhood now announcing that it's laying off 23% of its staff, there are other challenges that abound (to be fair, Robinhood's troubles are also partially related to the crypto market). These instances beg the question: what happens when a FinTech service shuts...
Personal Finance
Truebill App Rebrands to Rocket Money
In recent years, one of the most talked about personal finance apps has been Truebill. Founded in 2015, the platform has since helped users save a reported $250 million — including $150 million this year. Now, Truebill is changing its name and will continue on as Rocket Money. This name change comes following Rocket Companies' acquisition of Truebill in December 2021. The purchase cost Rocket $1.275 billion in cash. When the...
Personal Finance
Bask Bank Increases Mileage-Earning for AAdvantage Savings
In recent months, the United States economy has seen several trends emerging at once. While the most notable of these has been inflation, increasing interest rates and growing demand for travel have been two other major stories. Combining those latter two, this week, Bask Bank announced a change to its airline miles-earning account. Launched in early 2020, the Bask Mileage Savings Account allows customers to earn American Airlines AAdvantage miles...
Personal Finance
How to Convert to a Roth IRA — And Why You Might Want To
Running through the pros and cons of various retirement savings options can be a bit overwhelming for anyone — let alone those who are young and perhaps considering such tools for the first time. While most workers are likely to just sign up for their employer's 401(k)s, others may eventually decide to add an IRA to the mix. However, even then, they may end up selecting a Traditional IRA when...
Personal Finance
