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
Acorns vs. Robinhood: Which is Better for Beginning Investors?
by Kyle Burbank
Acorns and Robinhood — are aimed at would-be investors who may be intimidated by the traditional world of investing. Which is better for beginners?
Personal Finance
Credit Bureaus Extend Weekly Free Credit Reports Offer for Another Year
by Fioney Staff
Last April, as the COVID-19 pandemic led to shutdowns in many parts of the country, the three major credit bureaus in the United States announced that they'd begin allowing consumers to download their credit reports on a weekly basis at no cost. Now, that program is being extended for another year. This week, Equifax, Experian, and TransUnion announced that consumers will continue to have access to their credit reports once...
Personal Finance
Varo Bank Debuts Credit-Building Varo Believe Program
by Fioney Staff
Among the numerous trends observed across the FinTech industry in recent years, one of the most impactful has involved credit. From creating lending solutions that rely less on traditional credit scores to introducing new ways for consumers to improve their credit standing, several startups are doing what they can to change the very dynamics of the current system. In that vein, Varo Bank has now brought the Believe program to...
Personal Finance
Upcoming BlockFi Credit Card Announces Additional Crypto Benefits
by Fioney Staff
Late last year, BlockFi garnered headlines when it opened the waitlist for its Bitcoin Rewards Credit Card. At the time, the company announced that the BlockFi Credit Card would offer 1.5% cashback (paid out in the form of Bitcoin) on everything they buy in addition to a one-time Bitcoin bonus equal to $250 once they spend at least $3,000 on the card in their first three months. However, with the...
Personal Finance
Brex Becomes Latest FinTech to Apply for Bank Charter
by Fioney Staff
For years, several FinTechs have considered or actually applied to open a bank of their own. The latest in this line is Brex. According to a Brex press release, the company has submitted an application with the Federal Deposit Insurance Corporation (FDIC) as well as the Utah Department of Financial Institutions (UDFI) to establish Brex Bank. This bank would be a wholly-owned subsidiary of Brex and would be located in...
Personal Finance
Survey Details What Banking Features Matter Most to Customers
by Fioney Staff
Throughout 2020, the personal finance site MyBankTracker conducted a survey with nearly 2,000 Americans participating. Now, the latest results show that what consumers found important from savings accounts evolved in some notable ways during the year. For example, more respondents put an emphasis on customer service this past year, with 16.01% saying it was the most important banking account feature — up from just 9.10% that said the same in...
Personal Finance
Marcus by Goldman Sachs Launches Roboadvisor Platform
by Fioney Staff
When most consumers think of Goldman Sachs, they likely think of a wealthy Wall Streeter. That's partially why the bank introduced its Marcus brand in 2016 as a means of courting a new consumer market. Now, Goldman is continuing those efforts with the debut of Marcus Invest — a low-fee roboadvisor platform. Marcus Invest will automatically allocate consumer funds in a portfolio of ETFs selected to match the customers' risk...