Personal Finance News

Category: Personal Finance News

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Personal Finance News

Acorns Study Finds Americans Prioritizing Health Spending, Additional Saving

by Fioney Staff
When it comes to personal finance matters, it's easy to get bogged down in bad news. However, on a brighter note, it looks as though more young adults are adopting better financial habits. Today the micro-investing app Acorns released their Money Matters Report for 2018, which asked 3,400 Americans between the ages of 18 and 44 about their various money habits, goals, and more. The results included some interesting trends...
Personal Finance News

Study Finds Best and Worst Credit Cities for 2019

by Fioney Staff
If you've been paying attention, you may have heard that the average credit score in America is on the rise. In fact, according to the Fair Isaacs Corporation — much more commonly known as FICO — the average now sits north of 700 points. However the personal finance site WalletHub recently sought to find which cities in the country had the best (and worst) credit scores, uncovering one stand-out where the median...
Personal Finance News

Survey Ranks Money Topics as "Most Taboo"

by Fioney Staff
You've probably heard it said that you shouldn't lend money to friends. But has that advice been interpreted as "don't talk about money with friends" by some Americans? A recent study conducted by the Captial Group and reported on by The Motley Fool found that money-related matters were far more likely to be considered taboo than other controversial topics. When asked about what topics they felt were forbidden to discuss with...
Personal Finance News

36% of Respondents Admit to Maxing Out Credit Cards on Large Purchases

by Fioney Staff
When you make a large purchase, do you turn to plastic or cash? That's what a new survey by the personal finance site WalletHub sought to find out. Additionally the study found that many Americans run the risk of maxing out their credit cards when making large purchases. First, WalletHub asked what respondents considered to be a "large purchase." Surprisingly the top answer was "over $100," with 30% of those surveyed selecting that as...
living room with smart gadgets
Personal Finance News

9 Smart Gadgets That Will Lower Your Monthly Bills

by Fioney Staff
Want to cut monthly bills and save the planet at the same time? Invest in these smart gadgets to help increase efficiency with heating / cooling, reduce water usage, monitor your energy from your phone and more! 9 Ways to Use Technology to Lower Your Bills Smart ceiling fan The Haiku Home L Series is a ceiling fan that is WiFi enabled so you can control its speeds from your...
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Credit Score Guide

A Guide to Building Credit and Increasing Your Credit Scores

by Kyle Burbank
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...
Checking Account Review

2024 SoFi Checking and Savings Review

by Kyle Burbank
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
FinTech News

Brim Financial Raises $85 Million as It Eyes Global Expansion

by Kyle Burbank
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
Credit Card News

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

by Kyle Burbank
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,...
Small Business News

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

by Kyle Burbank
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...