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.

Uncle Sam and map of US States

What Percentage of the Total Federal Taxes Does Each State Pay?

As the 2020 election nears (with voting already occurring in several parts of the country), there's been a lot of talk about how different states in the union compare. For example, some have bemoaned the fact that, while the population of a state has an influence on the number of representatives it has in Congress as well as the number of delegates it has in the Electoral College, each state...
produce aisle

Grocery Store Spending Rises During Pandemic

When COVID-19 lockdowns began in March of this year, many Americans understandably stocked up on groceries as uncertainty grew. Yet, with current crisis now in its sixth month, it seems that many shoppers are still spending more at the supermarket. According to a survey by LendingTree, adults are seeing their grocery budgets grow despite making fewer trips to the store on the whole. In recent months, consumers' average weekly grocery...
Ternio debit card

Crypto Card Issuer Ternio Joins Visa's Fast Track Program

Visa's Fast Track program has found its newest participant: blockchain card issuer Ternio. By partnering with Visa, Ternio says it will be able to make it even easier for other FinTechs to introduce "crypto-friendly payment experiences." This is to say that customers will be able to manage and even earn cryptocurrencies while still utilizing fiat payment options — including the ability to use their Ternio-powered cards wherever Visa is accepted....
Clair payment illustration

Clair Raises $4.5 Million to Disrupt Payday Loans

Over the past several months, there's seemingly been an uptick in venture capital funding for FinTechs who help ease financial pain points that the current pandemic has exacerbated. Take, for example, the need for those who are working to access their money quickly in order to catch up on their bills. That's what the startup Clair aims to help with — and now the company has announced that it's raised...
Chase First app and debit card

New Chase First Banking Account Teaches Kids About Personal Finance

With financial education mostly lacking in public school systems, it's often up to parents to instill good money habits in their children. Of course, complicating that goal is the fact that most of today's transactions occur digitally, making it difficult for kids and teens to fully grasp some financial concepts. Now Chase has unveiled a new tool to help out. Created in collaboration with the FinTech Greenlight, Chase First Banking...
Bitcoin chart on the Square Cash app

Square Announces $50 Million Bitcoin Purchase

Square has just made a major investment in cryptocurrency. The Jack Dorsey-led FinTech announced this week that it had purchased 4,709 Bitcoins. With a total price tag of $50 million (which amounts to approximately 1% of Square’s total assets as of the end Q2), this means that the company paid around $10,600 per coin. News of the purchase sent the price of Bitcoin soaring, breaking through the $11,000 mark —...
flying ballot

Majority of Voters Say 2020 Election Will Directly Impact Their Financial Future

Believe it or not, Election Day 2020 is now less than a month away. More accurately, ballots are already being cast in several states, either in person or by mail. As we've seen, these final days can hold many surprises, but one thing is certain: finance will be a top concern for Americans as they head to the polls. According to a survey commissioned by the free credit score site...
Macy's fashion shots

Macy's Invests in Swedish FinTech Klarna

When it comes to investment in FinTech, it's typically various venture capital firms fronting the money. However, every once in a while, a different kind of investor steps up to the plate. That's the case with Klarna, which just revealed a deal with a major U.S. department store chain. This week, famed retailer Macy's announced that it was investing in Sweden-based FinTech Klarna — although the size of the investment...
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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,...