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
United States Economy Contracts 32.9% in Q2
As Congress continues to debate potential next steps for financial relief amid the coronavirus pandemic, new figures are showing the economic impacts of the disease. This morning, the Bureau of Economic Analysis reported that the United States’ gross domestic product declined by 32.9% during the second quarter of 2020. That marks the worst recorded quarterly GDP drop, nearly quadrupling Q4 2008’s 8.4% drop that held the previous title. The decline...
Personal Finance
Tax Holidays Coming to Several States Despite Uncertainty
With August now just days away, the 2020 back-to-schools shopping season is also on its way — and it looks a lot different than it did in 2019. Nevertheless, despite a lack of normalcy across the country, several states are still scheduled to offer tax holidays in the coming weeks. But will consumers and businesses be able to benefit this time around? According to WalletHub, there are currently 16 states...
Personal Finance
Revolut Adds $80 Million to Series D Funding Round
For most startups, securing capital requires soliciting funding. Yet, as some FinTechs become more established, the funding offers may just come to them. That seems to be the case with Revolut, which has just expanded its latest round. London-based FinTech Revolut has revealed that it’s added $80 million to the Series D it originally announced in February. The additional funds come from TSG Consumer Partners, who join the previously $500...
Personal Finance
Money at 30: “Utopia for Realists” Book Review
Sometimes it seems that a personality goes from being nowhere on my radar to appearing everywhere I turn. One might assume this to be a case of the subconscious becoming conscious... but it’s more likely to be a symptom of a book promotion cycle. That’s the case with Dutch author Rutger Bregman, who I’ve seen mentioned across social media and podcasts as of late. While Bregman recently released a new...
Personal Finance
FinTech Digital Banking Options: A Round-Up
Ever since the 2008 banking crisis, Americans have grown warier and warier of major banks. In turn, financial technology startups — known as "FinTechs" — have continually offered alternatives to these institutions. This began with options like peer to peer lending and, more recently, has found several startups launching their own checking and savings accounts. As a result, today, there are several FinTech banking services to choose from. Not too...
Personal Finance
Button Partnering with Bits of Stock for Stock Back Offering
So far, despite being a less-than-stellar year overall, 2020 has been remarkably bright for FinTech. In addition to big acquisitions and major funding rounds, there have also been several exciting partnerships that have formed in recent months. Joining that list are Button and Bits of Stock, who are now teaming up to boost brand loyalty and reward customers. Using Button's technology, Bits of Stock allows users to earn fractional shares...
Personal Finance
