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.

US Credit Card Debt Graph

Americans Pay Down a Record $118 Billion in Credit Card Debt

Despite the economic hardships that abound, it seems that many Americans are actually managing to eliminate some of their most expensive debts. According to WalletHub's latest data, U.S. consumers paid down a total of $118 billion in credit card debt during the first half of 2020, amounting to an all-time record. Surprisingly, this paydown also comes amid high unemployment and other financial challenges associated with the pandemic and subsequent shutdowns....
Revolut app for Japan

Neobank Revolut Officially Expands to Japan

Over the past few years, neobanks have become some of the largest players in the FinTech space. While many of these startups are based in the United States, Europe has also seen an explosion of challenger banks — with some making their way to America as well. Now one Britain-based banking service is continuing its global expansion by heading to the Land of the Rising Sun. As TechCrunch reports, Revolut...
Basket grocery comparison app

Money at 30: Basket App Review

It's helpful to not have to make trips to multiple stores just to stock up on food. At the same time, it can be difficult to determine which store in your area will give you the best price once all of the items on your list are taken into consideration. That's where the app Basket aims to make your life a little easier and save you money at the same...
Fireblocks and X Margin logos

Fireblocks and X-Margin Partner to Offer Crypto Derivatives

Even as most laymen are still wrapping their heads around the basic concept of cryptocurrencies, investors are already taking the possibilities to the next level. One example of this is crypto derivatives, which have gained popularity as of late despite some risks and limitations that the current trading platforms hold. Now, Fireblocks has announced integration with X-Margin that will make these types of derivatives more secure. As a press release...
US Job Growth Chart

United States Economy Brought Back Only 1.4 Million Jobs in August

Last month, more Americans headed back to work as the United States continued reopening efforts. According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls increase by 1.4 million in August. In turn, the unemployment rate fell from 10.4% to 8.4%. Unfortunately, despite the latest gains, the U.S. economy has still seen a net loss of 11.5 million jobs since the COVID-19 pandemic hit earlier this year....
2020 FinTech 250 list

CB Insights Reveals Third Annual "FinTech 250" List

The results are in! This week, research CB Insights revealed their "FinTech 250" list for 2020, recognizing the fastest-growing companies in the space. Of the 250 startups featured, 32 are considered "unicorns," meaning they're valued at more than $1 billion. What's more, 87 of those selected have raised "mega-rounds" of a $100 million or more since 2019, with 32 of those rounds coming this year. As for the combined list,...
Venmo app and debit card

Money at 30: Venmo Card Review

For several years now, Venmo has been one of the most popular options for peer to peer (P2P) payments. Despite this, I'd suspect that fewer people are aware of the app's free debit card — and, if they are, they might not be familiar with the actual benefits that the Venmo card carries. So what is the Venmo card and what does it have to offer? Let's take a look at...
United Airlines booking app

United Airline Discontinuing Change Fees for Most Domestic Flyers

As the coronavirus pandemic grew stateside, several airlines introduced flexibility to their change and cancelation policies in order to allow customers to halt their travel plans without further penalty. Similarly, as the crisis continues, these airlines have sought to give potential flyers greater peace of mind not only through sanitation and spacing policies but also by extending their change fee-free offers. Now one major domestic carrier is making that policy...
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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...
Rakuten: Where it pays to shop.

A Look at How Rakuten (Ebates) Works in 2026

Since taking an interest in personal finance, one site I’ve come across again and again is Rakuten, formerly Ebates. If you’re still unfamiliar, Rakuten is a cashback site — and is the largest of its kind by far, boasting deals from over 3,500 retailers. Its popularity has endured even with the odd Rakuten re-branding and the platform remains one of my most-used money-saving tools. Since joining Rakuten / Ebates some...
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...