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
Tips and Tools for Rebuilding Your Credit
by Fioney Staff
Everyone makes mistakes. Sometimes these mistakes can be forgiven but, in other cases, the repercussions of these missteps can be long-lasting. Sadly, when it comes to credit, sometimes small mess-ups can mean years of poor scores — but it doesn't have to last forever. If you've made some credit mistakes in your past and are looking to improve your scores ahead of buying a home, vehicle, etc., there are a...
Personal Finance
FinTech Credit Card Platform Deserve Secures $250 Million Credit Facility
by Fioney Staff
With the market for specialized rewards credit cards growing, one popular platform has closed a new deal to help fuel it into the future. This week, Deserve revealed that it had secured a $250 million credit facility from Goldman Sachs, Cross River, and Waterfall Asset Management. Previously, the company raised a $50 million Series D equity round in 2021 as well as a $50 million Series C in 2019. Goldman...
Personal Finance
Money at 30: FloatMe App Review
by Kyle Burbank
Over the years, there have definitely been times when I really could have used a few extra dollars in my bank account before payday arrived. Lacking options, my younger days were filled with overdraft fees that only made my financial situation worse. Luckily, these days, there are a growing number of tools that consumers can use to not only avoid these dreaded overdraft fees but also hopefully avoid pricey payday...
Personal Finance
Study: Average Worker Spends $8,467 on Commuting Costs Each Year
by Fioney Staff
How much time per year do you spend driving to or from work? On top of that, how much does commuting cost you on an annual basis? If you're like the majority of workers, the answer could be as much as hundreds of hours and thousands of dollars, as a new study highlights. According to data compiled by Clever — using figures from the U.S. Bureau of Labor Statistics, the...
Personal Finance
Canadian FinTech Neo Raises $185 Million at Unicorn Valuation
by Fioney Staff
One of Canada's fastest-growing FinTech players is celebrating another milestone. This week, Neo Financial announced that it had closed a $185 million round. The Series C was led by Valar Ventures with participation from Tribe Capital, Altos Ventures, Maple VC, Blank Ventures, Gaingels, and Knollwood Investment Advisor. Notably, the round was raised at a valuation of over $1 billion, securing Neo's "unicorn" status (at least in Canadian dollars). To date,...
Personal Finance
Robinhood Rolling Out Stock Lending Feature
by Fioney Staff
Robinhood users who want to potentially get some extra return from their investment holdings may soon have the opportunity to do just that. This week, the app announced the launch of a new Stock Lending feature. According to a blog post on the company's site, this option will allow investors to earn passive income by lending out their holdings. When users opt into the program, Robinhood will match up lenders...
Personal Finance
Money at 30: What Are You Waiting For with Your Credit Card Rewards?
by Kyle Burbank
Over the past few years, I've written a lot about credit cards, with an emphasis on the rewards and benefits they can offer. Yet, while I've continually tried to improve how efficiently I'm earning points and cashback, it occurs to me that I haven't actually spent many of these rewards (aside from using some for a hotel reservation I later canceled and trying out Chase's Pay Yourself Back program). Flash...