Category: Personal Finance News
Stay ahead of the curve with the latest personal finance news. Our team of financial experts curates the latest news, trends, and analyses impacting your money. We’ll keep you informed on the stories that matter most to your financial well-being.
Personal Finance News
Telecom T-Mobile Launches Mobile-First Checking Account for All
by Fioney Staff
Over the past few years, a lot has changed in the world of mobile service plans. From the dismantling of subsidized devices, the fall and subsequent return of unlimited data, and the bundling of streaming services into mobile plans, U.S. carriers have continually worked to find ways to one-up each other while also increasing profits. In a similar but decidedly different vein, this past week brought some unexpected news as...
Personal Finance News
Study Finds Cheapest and Most Expensive Car Insurance States
by Fioney Staff
For years television advertising has been inundated with spots from car insurance commercials, each claiming to save Americans the most amount of money. Setting aside the fact that not every company can be the cheapest, one major factor in your rates is simply where you live. With that in mind, the personal finance site WalletHub recently ranked the states with the cheapest and most expensive car insurance rates. To compile...
Personal Finance News
Americans are Spending More on Credit Card Interest
by Fioney Staff
In the world of personal finance, credit cards have been a divisive subject. While there are sites dedicated to the benefits of credit cards including travel rewards and cash back, there are those (perhaps most notably Dave Ramsey) who rail against such products because of the high interest rates they carry. Now the latter group has even more statistical ammo for its arsenal as new data shows that Americans are...
Personal Finance News
Apple Officially Announces Apple Card Credit Card
by Fioney Staff
Well, the rumors were true: Apple will soon offer their own twist on a credit card. This week the Cupertino-based company — in partnership with Goldman Sachs and Mastercard — officially announced Apple Card. With an emphasis on financial health, unique perks, and of course a new level of Apple Pay integration, the new card is already turning heads. First, Apple bills Apple Card as a "credit card built for...
Personal Finance News
Ameritrade Survey Finds Many Investors Lack Knowledge of Retirement Accounts
by Fioney Staff
How much do you know about your retirement accounts? Even if you contribute to an employer-sponsored 401(k) or even a traditional IRA, chances are you still might not be familiar with all of the rules, requirements, or fees that come with them. To prove this point, recently Ameritrade interviewed 1,006 U.S. adults over the age of 22 with more than $10,000 in investable assets and tested their knowledge about various...
Personal Finance News
Chase Introduces New Checkless Accounts with Lower Fees
by Fioney Staff
It may be surprising to some but, according to a 2017 Federal Deposit Insurance Corporation (FDIC) report, 6.5% of households in the United States don’t have a traditional bank account. There are many reasons why Americans are unbanked but, anecdotally, rising fees are among the biggest reasons for what's keeping some away. Now one big name in banking is introducing a new type of account with a reduced flat fee....
Personal Finance News
FTC Reports Funds Lost to Fraud Rose in 2018
by Fioney Staff
Do you know how to spot a scam? While certain forms of fraud such as the famous inhertance advance fee scheme e-mails may not fool many these days, it seems that thieves are still finding ways to take advantage of unsuspecting adults. In fact the Federal Trade Commission (FTC) found that reports of fraud and ensuing losses both increased last year. According to the latest FTC report, the agency received...