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
Money at 30: Considering a Dog — And Adding Up the Potential Costs
by Kyle Burbank
A couple of weeks ago, I turned to my wife around 1 a.m. and asked a harmless, random question: "Do you like Boston Terriers or French Bulldogs better?" I have to imagine that the question drew inspiration from the flannel, Martha Stewart Living puppy sheets we had on our bed, but I didn't realize that this would lead to many more conversations on the topic. By the way, we decided...
Personal Finance
FloatMe Announces $16.2 Million Funding Round
by Fioney Staff
For years, overdraft fees have been the bain of many consumers' banking lives. While a mistake or late payday might lead their account to fall just below $0, their debt would be exacerbated by a fee of $35 or more — with additional fees hitting as more negative transactions arose. Now, a FinTech whose aim is to prevent those fees is earning funds from investors. This week, FloatMe announced that...
Personal Finance
UBS to Acquire Roboadvisor Wealthfront for $1.4 Billion
by Fioney Staff
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...
Personal Finance
Survey: Majority of Shoppers Plan to Make More Large Purchases in 2022
by Fioney Staff
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...
Personal Finance
Walmart, Ribbit-Backed Hazel to Acquire One Finance and Even
by Fioney Staff
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...
Personal Finance
Money at 30: "Money Magic" Audiobook Review
by Kyle Burbank
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...
Personal Finance
TPG, American Airlines Suing Each Other in Data Syncing Dispute
by Fioney Staff
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...