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
Personal Finance
Verizon Announces Verizon Visa Card for Wireless Customers
Ever since Apple announced that it would be launching a credit card of its own, there has been a slew of brands introducing their own credit, debit, and savings products — including some seemingly left-field choices. The latest in the line-up is the U.S. wireless company Verizon, who has just unveiled the upcoming Verizon Visa Card. Launching on June 26th, this new card will be accepted everywhere Visa is but...
Personal Finance
Upgrade Raises $40 Million in Latest Funding Round
Once again setting aside fears that the coronavirus crisis would cripple FinTech investment, another notable deal was announced this week. This time it was Upgrade disclosing new funding, with the San Fransisco-based company revealing a $40 million round. Upgrade's latest round — a Series D — was led by Santander InnoVentures, which is the VC arm of Spanish bank Santander Group. Additionally, returning investors Ribbit, Union Square Ventures, Vy Capital...
Personal Finance
Survey Finds Majority of Americans are Struggling to Reduce Debt Amid Coronavirus Crisis
If it weren't already clear that the COVID-19 pandemic was hitting Americans in their pocketbooks, the latest edition of a financial literacy poll once again highlights some of the struggles consumers are having. The survey (conducted by Harris Poll) asked 2,000 U.S. adults about their current financial situation and what factors were impacting them. Headlining the survey was the fact that 55% of respondents say they're having a difficult time...
Personal Finance
Credit Sesame Completes Acquisition of STACK
Following several notable deals so far this year, it looks like FinTech's M&A streak is continuing, with Credit Sesame emerging as the latest buyer. This week, the company announced that it had completed its acquisition of Canadian challenger bank STACK. Previously, the two companies had collaborated to introduce Sesame Cash — a free digital bank account that comes complete with a Mastercard debit card. That product was first released to...
Personal Finance
Is Robinhood Playing a Role in the Bull Market Rally?
When the situation surrounding the COVID-19 pandemic worsened early this year, it became clear that the longest bull market in history would soon be coming to an end. While that did indeed happen, it was then followed by one of the shortest bear markets in history as stocks managed to rally — right up until volatility was reintroduced last week. Now, some observers are wondering if the runaway market could...
Personal Finance
Average Mortgage Rate Falls Below 3%
Those looking to buy a home or to refinance may encounter lower interest rates than they have before. According to Mortgage News Daily, the average rate for a 30-year fixed mortgage fell to just 2.97% last week. That marks a new record low as the economy continues to experience impacts from the coronavirus pandemic. With this being an average, some borrowers with stellar credit may apparently even see rates as...
Personal Finance
