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
Daffy Raises $17.1 Million to Help Americans Increase Their Giving
by Fioney Staff
A FinTech startup that helps enable more Americans to give is gaining some funds of its own. This week, Daffy Charitable announced that it had raised $17.1 million. The Series A was led by Ribbit Capital with participation from XYZ Capital and Coinbase Ventures. Additionally, more than 50 angel investors participated, including Reid Hoffman, Aaron Levie, Amy Chang, Dylan Field, John Lilly, and Mike Schroepfer among others. With the newly-raised...
Personal Finance
Instacart Review — Is it Worth it?
by Kyle Burbank
Saturday mornings used to be simple. With my wife working late on Friday nights, we’d usually get up at a leisurely hour, make some coffee, and maybe go stroll the mall or see a movie. But, on one particular Saturday, I woke up thinking, “I need groceries… but I also don’t want to go get them.” This was soon followed by another thought: Instacart. I was definitely late to the...
Personal Finance
Money at 30: One Year Later - Was Our Apartment Upgrade Worth it?
by Kyle Burbank
A few years back, I penned a post about one of the downsides of rent, which is that upgrading is likely not a one-time expense and will impact you on a monthly basis in perpetuity. Despite these hesitations, one year ago, we signed a lease for a new apartment that cost about 50% more than we were paying (while also downsizing from a two-bedroom to a one-bedroom). A big reason...
Personal Finance
American Express Debuts Rewards Checking Account
by Fioney Staff
American Express is expanding its offerings, launching its first all-digital consumer checking account. Dubbed Amex Rewards Checking, the new account is now accepting applicants. Despite being a checking account, American Express will offer customers 0.5% APY on funds held in their account. As for other features, accountholders will have access to more than 37,000 fee-free ATMs that are part of the MoneyPass network and will enjoy Purchase Protection on eligible...
Personal Finance
Budget Airlines Spirit and Frontier Plan Merger
by Fioney Staff
Over the years, the airline industry has seen several mergers and acquisitions, leading to a current "Big Four" domestic airlines. At the same time, various challengers with different business plans have given flyers a variety of options. In particular, airlines such as Frontier and Spirit have cornered the budget market by unbundling the flying experience and allowing passengers to choose what amenities they want to pay for. Now, these two...
Personal Finance
U.S. Economy Adds 467,000 Jobs in January, December Revised Upward
by Fioney Staff
Today, the Bureau of Labor Statistics (BLS) released its January jobs, which included some major surprises. First, the latest report shows that the economy added 467,000 jobs during the month. This far exceeded the 150,000 economists had projected — with some even bracing for a negative number — due to the impacts of the Omicron variant. To that point, 7.8 million workers report that they missed time from work in...
Personal Finance
SoFi Officially Acquires Golden Pacific Bancorp, Becomes SoFi Bank
by Fioney Staff
Whether you're a FinTech observer or an everyday American, you've probably heard the name "SoFi" a lot lately. For the latter group, that's likely because this year's Super Bowl is set to be held at SoFi Stadium in Los Angeles. Yet, outside of that high-profile naming rights deal, the startup has continued to make headlines as it grows and expands. On that note, this week, the company took a major...