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.
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Personal Finance
Personal Finance
Galileo Officially Launches Galileo Instant for Debit Card Creation
One major trend seen in the FinTech industry in recent years has been the roll-out of branded debit cards. Now, Galileo is looking to make creating such offerings even easier. Recently, the company announced the official launch of Galileo Instant after originally debuting a beta of the program in November of last year. According to Galileo, Instant will allow businesses to launch their own debit cards in as little as...
Personal Finance
U.S. Unemployment Rate Retreats to 11.1% in June
Last month saw more Americans returning to work, even as the COVID-19 pandemic rolls on. According to the latest Bureau of Labor Statistics report, the United States economy reclaimed 4.8 million jobs in June. That's a notable increase from the 2.7 million added in May (adjusted from the original 2.5 million reported) and, as Axios notes, well exceeds the 3 million jobs that economists had anticipated to see from this...
Personal Finance
FICO Introduces New Consumer Resilience Index
In recent years, there's been plenty of discussion about making changes to the credit score system that most Americans are forced to live by. In addition to some FinTech lenders developing their own decision algorithms, products such as Experian Boost have allowed consumers to provide more information that might help their approval odds. Now the Fair Isaacs Corp. (FICO) has developed a new tool that may assist lenders in their...
Personal Finance
Money at 30: "Passive Income, Aggressive Retirement" Book Review
As I may have mentioned in earlier columns, I've been making a point of doing more book reviews as of late. Yet, when I set out this goal, I didn't really have a reading list in mind. That's why it's always exciting to discover a new potential option — in this case, Passive Income, Aggressive Retirement by Rachel Richards. I first heard about this book thanks to a post on...
Personal Finance
Empower Retirement To Acquire Personal Capital for Up to $1 Billion
The FinTech personal finance and investment tracking platform Personal Capital has just announced a big exit. This week, the company revealed that it is being acquired by retirement plan recordkeeper Empower Retirement. This acquisition will cost Empower up to $1 billion, with $825 million coming at closing and a contingency bonus of up to $175 million for planned growth. Incidentally, Personal Capital celebrated that presumed final dollar figure when announcing...
Personal Finance
Renters Insurance: How Pennies a Day Can Save You Thousands
Do you have renters insurance? Have you ever even heard of it? If not, you’re certainly not alone as surveys have found that less than 40% of those who rent carry a renters insurance policy. When you consider the fact that 95% of homeowners have homeowner’s insurance, it’s clear to see that renters insurance has a real awareness problem. Despite its apparent lack of popularity, I’ve had quite a few...
Personal Finance
