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.

Yendo logo and credit card

Vehicle-Secured Credit Card Company Yendo Raises $165 Million

A FinTech that offers the first-ever credit card secured by a customer's vehicle has announced its latest round of funding. About the round: This week, Yendo announced that it had raised $165 million. However, this includes $150 million in debt financing and $15 million in equity. The debt portion was led by i80 group, while the strategic investors that participated in the equity round were not disclosed. Yendo previously raised...
woman holding her hands to her temple thinking

Lessons From a First-Time Home Buyer: Worst Time to Buy a House? There Are Always Exceptions

If you've been thinking about buying a house, looking at the news lately has likely disheartened you. As CNN reports, a recent Gallup poll found that 76% of Americans believe it's a bad time to buy — with only 21% saying it's a good time. There are several reasons for that sentiment, with the top two being the combination of high interest rates and high home prices. So, are you...
Chime MyPay app illustration

Chime Introduces MyPay Cash Advance Feature

The popular neobank Chime is adding a new feature that will allow users to access their paycheck funds even earlier. About MyPay: This week, Chime announced the launch of MyPay. With this new feature, customers will be to request up to $500 of their pay ahead of their regular payday. As Chime notes, MyPay is a low-cost and transparently priced alternative to traditional payday loans and other options. Chime users...
Jared Dillian sitting by No Worries book cover

"No Worries" by Jared Dillian Audiobook Review

For many people, money is a stressful topic they'd rather not even think about. And then, there are people like me who think about money often, while attempting to reduce anxiety about it in the process. Either way, when I saw the title of Jared Dillian's relatively recent book No Worries: How to Live a Stress-Free Financial Life, I was immediately interested. So, I cashed in one of my last...
Sofi Invest logo and app

SoFi Partners with Templum to Expand Alternative Investments

SoFi Invest is set to expand its alternative assets features thanks to a new partnership. About the partnership: This week, Templum announced that it was working with SoFi to bring more alternative investments to the FinTech's customers. Launched earlier this year, SoFi's platform now allows users to invest in funds from ARK Venture Fund, Carlyle Tactical Credit Fund, the KKR Credit Opportunities Portfolio, and more. The partnership between Templum and...
CoverTree logo superimposed over a manufactured house

Insurtech Startup CoverTree Raises $13 Million

An insurtech firm with a unique niche has raised a new round of funding. About the round: This week, CoverTree announced that it recently raised $13 million. The Series A was led by Portage. AV8, Distributed Ventures, Detroit Venture Partners, Ludlow Ventures, Annox Capital, and others also participated. In total, the company has now raised $23 million, including an $8 million seed round in 2022. With the new funds, CoverTree...
Robinhood logo

Robinhood Receives Wells Notice From SEC Regarding Crypto

The FinTech brokerage firm Robinhood has announced that it's received a Wells Notice from the Securities and Exchange Commission regarding its cryptocurrency features. About the notice and Robinhood's response: In a filing, Robinhood revealed that the SEC has notified the company that it will recommend that the agency file an enforcement action, alleging securities violations. Furthermore, they note that these potential actions could involve a civil injunctive action, public administrative...
April 2024 US Jobs Report graph

U.S. Economy Adds Lower-Than-Expected 175,000 Jobs in April

April 2024's jobs report has arrived — and so have several competing narratives about what it means. About the report: Today, the Bureau of Labor Statistics released its Employment Situation Summary for April. In total, it showed that the United States economy gained 175,000 jobs during the month. That's well below the 240,000 jobs that economists had forecasted (per Marketwatch) and, similarly, is lower than the 12-month average of 242,000 per...
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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,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...