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.

Wealthfront and UBS logos

UBS to Acquire Roboadvisor Wealthfront for $1.4 Billion

Earlier this week, Hazel — a company backed by Walmart and Ribbit Capital — made headlines by revealing plans to purchase both One Finance and Even. While the deal was notable for its novelty and the potential scale that Walmart offers, it didn't take long for it to be topped by another major FinTech acquisition. On Wednesday, UBS announced its intent to buy Wealthfront for $1.4 billion. The transaction is...
Large Purchase Survey

Survey: Majority of Shoppers Plan to Make More Large Purchases in 2022

If there's been a theme for 2022 so far, it'd have to be "cautious optimism." After nearly two full years of pandemic life — including multiple setbacks — Americans now seem ready to get back to normal ASAP. Displaying that optimism once again, the latest survey from WalletHub shows that many consumers are now ready to make large purchases this year, including ones they'd previously put off. First, 54% of...
Even and One Finance logos

Walmart, Ribbit-Backed Hazel to Acquire One Finance and Even

Just over one year ago, it was announced that Walmart and venture capital firm Ribbit would be partnering to launch an independent FinTech, with the company later being named Hazel. Today, it was announced that Hazel would be acquiring two companies: Even and One Finance. Once the transactions are completed — which is expected to happen in the second half of this year — the company will be known as...
Money Magic by Laurence Kotlikoff book cover

Money at 30: "Money Magic" Audiobook Review

Having completed another year of (near) monthly book reviews, it's time to start off 2022 on the right foot! Released earlier this month, Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life by Laurence Kotlikoff is a title I encountered on one of my daily dives for finance news, leading me to cash in one of my Audible credits and listen to the audiobook (which...
The Points Guy app

TPG, American Airlines Suing Each Other in Data Syncing Dispute

When most consumers think about FinTech, one of the first examples that often comes to mind are aggregation apps. With apps such as Mint, Personal Capital, and many more, users can gather all of their financial account data in one place, making it easier for them to manage their money. However, the institutions on the other side haven't always been such big fans of this practice. In fact, a new...
Cash App Bitcoin payment

Cash App Adding Lightning Network Support for Bitcoin Payments

Following an eventful 2021 (and a recent price crash), Bitcoin is looking to have a big year in 2022. Specifically, while many in the public see the crypto asset as a speculative investment play, a greater number of companies are working to make Bitcoin payments a more common reality. Among them is Block, Inc. (formerly Square Inc.) which has just announced plans to expand its crypto payment options. As TechCrunch...
FinTech image

FinTech Funding Grows 169% in 2021 to Reach New Record

Anyone paying attention to the FinTech field throughout 2021 could probably guess that it was a record-breaking year. Sure enough, new figures from CB Insights confirm that to be the case. According to the latest State Of Venture report, FinTechs raised a combined total of $131.5 billion in 2021. That marks a 169% increase over 2020's $49 billion total. The year was capped by a $34.9 billion Q4 that ranks...
Current app

Neobank Current Introduces 4% APY Feature for Savings

In recent years, savings account holders have likely seen the interest they earn from their funds fall tremendously. This decline has even been true among many FinTechs that have typically offered better rates than the big banks. However, one neobank is now rolling out a new feature that will allow customers to earn interest that's 60 times higher than the national average. This week, Current announced that customers will be...
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2025 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. That was later 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 is SoFi’s acquisition of Golden Pacific...
Travelers with two Best Western Credit Cards

Best Western Debuts Two New Rewards Credit Cards

After pausing applications for their previous rewards card, the hotel chain Best Western has unveiled a new pair of rewards credit cards with a new issuer. About the Best Western cards: Best Western is partnering with First Bank & Trust and Mercury Financial to introduce two new co-branded credit cards. First up is the no-annual-fee Best Western Rewards Visa Signature Card. With this card, customers can 4x points on Best...
Marriott Bonvoy card and a woman on vacation

Marriott Bonvoy Bold Card Launches Travel Contest

Chase and Marriott Bonoy have unveiled a special contest while continuing to offer its best-ever welcome bonus. About the welcome bonus and Bold Chat Court Contest: Marriott Bonvoy and Chase have launched a special opportunity called the Bold Chat Court contest. As part of this contest, 10 lucky travelers will be awarded 500,000 Marriott Bonvoy points (for a total of 5 million) as well as $5,000. For this contest, the...
Bilt and All Reward logos

Bilt Adds 2 New Transfer Partners Including First 3:2 Transfer Rate

Bilt is once again expanding its travel transfer rewards program — and is even breaking the mold with one new partner. About the new additions to Bilt: This week, Bilt launched partnerships with two more travel brands: TAP Air Portugal and Accor. As a result, Bilt members will now be able to transfer their points to Miles&Go and ALL Reward, respectively. In total, Bilt now has 18 transfer partners including 13...
PayPal Debit Card app

PayPal Debit Card Review: Earn Stackable 5% Cash Back

In recent weeks, PayPal debuted an updated debit card product (perhaps you've seen the incessant Will Ferrell commercials for it during football games?). With the launch of this card, the company known for online payments is encouraging customers to pay with them anywhere. To encourage such behavior, the debit card allows cardholders to earn 5% cashback — although, as you can imagine, there are some important restrictions on that. So,...