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.
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Personal Finance
Personal Finance
Average FICO Score Climbed to New Record High in July
Believe it or not, credit scores are now at the highest level they've ever been. This week, FICO revealed that the average credit score in the United States reached 711 as of July. The new average is five points higher than what was seen one year ago and three points higher than in April of this year. Looking further back, it's an impressive gain from when the average first broke...
Personal Finance
Hack Affects "Almost 2,000" Robinhood Accounts
It seems that the uber-popular trading app Robinhood has run into more issues. According to a report from Bloomberg, a hack left nearly 2,000 Robinhood accounts compromised. In some cases, those accessing the accounts sold off assets being held and transferred the funds. While Robinhood didn't offer many details on their findings, they state that "a limited number" of customers were impacted. Currently, the trading app has more than 13...
Personal Finance
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...
Personal Finance
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...
Personal Finance
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....
Personal Finance
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...
Personal Finance
