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.

Visa and Plaid logos

Visa and Plaid Call Off Acquisition Plans

One of the biggest FinTech deals of the past year will no longer be going forward. This week, Visa and Plaid announced that they have mutually agreed to terminate their merger plans. Visa originally intended to pay $5.3 billion for Plaid in an acquisition that was first announced almost exactly one year ago. The death of the Visa/Plaid deal comes after the purchase drew a lawsuit from regulators. In their...
Walmart storefront

Walmart to Launch FinTech Firm with Ribbit Capital

One of the nation's largest and most iconic retailers is about to enter this FinTech field. This week, Walmart announced that it would be launching a financial technology startup alongside venture capital firm Ribbit. While no details about a name or debut for the company were revealed, the goal of the off-shoot will be to "deliver tech-driven financial experiences tailored to Walmart’s customers and associates." While this development may seem...
Simple logo

Mobile Banking App Simple Announces Shut Down

When it comes to FinTech services, the acquisition of a startup can either mean good news for customers thanks to an influx of cash and resources or it could mean deterioration of a product due to neglect. Additionally, while things may seem to be going just fine for an app on the surface, underlying issues may unexpectedly emerge. These realities are what customers of the mobile banking app Simple are...
man walking

U.S. Economy Lost 140,000 Jobs in December 2020

There's no question that 2020 will go down as one of the most challenging years in recent memory for many Americans. Yet, after major job losses in the spring of last year, employment began to rebound as businesses were allowed to reopen. Unfortunately, following months of slowing growth, job figures ended the year on a down note. According to the latest report from the U.S. Bureau of Labor Statistics, the...
World Tourism Graph

Tourism Falls to Lowest Level in 30 Years

It's no secret that one of the industries hit hardest by the COVID-19 pandemic has been the travel sector. From airlines and hotels to attractions and tourist-dependent cities, health concerns and government-mandated restrictions have dried up demand. In fact, new figures show that international travel fell to a 30-year low in 2020. Through October of 2020, international arrivals fell by more than 900 million — a pace that will likely...
Venmo Cash a Check

Venmo Introduces "Cash a Check" Feature to Select Customers

One of the ironies of FinTech in recent years has been that, while startups have managed to disrupt the banking and payments spaces by doing things differently, they've also found success in adopting established mediums and making them a part of their platforms. For example, the past several months have seen a rash of FinTech debit card options hit the market. Now, the popular peer to peer payment app Venmo...
"Buy the Avocado Toast" by Stephanie Bousley

Money at 30: "Buy the Avocado Toast" Book Review

There sure are a lot of stereotypes about Millennials, aren't there? Nevermind the fact that most media outlets don't seem to know what even constitutes a "Millennial," my generation has often been regarded as lazy and entitled, with other baseless assertions being peppered in over time. One of the more recent (yet still played out) additions to the list of Millennial tropes is that we all blow our money on...
Oxygen logo and apps

FinTech Banking Platform Oxygen Announces $17 Million Funding Round

After what seemed to be a fairly successful year in the world of FinTech (all things considered), new deals are already rolling in. This week, Oxygen announced that it had raised $17 million in funding. The Series A was led by Runa Capital with participation from such firms as Inventures, S7V, 1984.vc, EFG Hermes, and Rucker Park. Additionally, individual investors including Deutsche Bank's Frank Strauss, Plaid's William Hockey, Teachable's Ankur Nagpal,...
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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,...