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
Grocery Store Spending Rises During Pandemic
by Fioney Staff
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...
Personal Finance
Crypto Card Issuer Ternio Joins Visa's Fast Track Program
by Fioney Staff
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....
Personal Finance
Clair Raises $4.5 Million to Disrupt Payday Loans
by Fioney Staff
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...
Personal Finance
New Chase First Banking Account Teaches Kids About Personal Finance
by Fioney Staff
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...
Personal Finance
Square Announces $50 Million Bitcoin Purchase
by Fioney Staff
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 —...
Personal Finance
Majority of Voters Say 2020 Election Will Directly Impact Their Financial Future
by Fioney Staff
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...
Personal Finance
Macy's Invests in Swedish FinTech Klarna
by Fioney Staff
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...