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
Money at 30: SaverLife Review
by Kyle Burbank
Saving money is rarely easy. Even if there is technically room in your budget, many of us need a little extra push in order to actually start setting money aside. Because of this, several FinTechs have rolled out unique solutions aimed at getting people to better their finances. Unfortunately, some of these apps and tools charge a monthly fee that might compromise your progress. That's why I was interested to...
Personal Finance
Varo Raises $241 Million in Funding Ahead of Bank Charter Approval
by Fioney Staff
Once again, despite the challenges the current pandemic has brought upon the U.S., FinTech firms are still closing major deals. Last week Varo announced that it had just concluded a $241 million funding round. The impressive Series D was co-led Gallatin Point Capital and returning investor The Rise Fund. Other participants include HarbourVest Partners and Progressive Insurance. This major funding round comes at a pivotal time for Varo as the...
Personal Finance
U.S. Economy Regains 2.5 Million Jobs in May
by Fioney Staff
Ever since the start of lockdown amid the coronavirus crisis in the United States, it was clear that the nation would be in for some rough jobs reports. Sure enough, the country has seen multiple record-breaking weeks of new jobless claims as well as a major spike to the unemployment rate. While economists had braced for May to be no different, instead, the newest figures show the economy rebounding some...
Personal Finance
Life After a Pandemic: Americans Weigh in on Potential Financial Changes
by Fioney Staff
With more and more states moving toward phased reopenings, how are taxpayers feeling about potential life after the pandemic — and what financial and lifestyle changes do they anticipate? That's what a new survey from the site WalletHub aimed to answer. One major change that the current crisis could inspire is a move to more remote work. In fact 29% of those surveyed stated that they intend to pursue a...
Personal Finance
Gemini Crypto Exchange Support Added to Samsung Blockchain Wallet
by Fioney Staff
Over the past few months, electronics giant Samsung has quietly become a significant cryptocurrency supporter. This most notably includes the launch of the Samsung Blockchain Wallet, which is available on newer model Samsung Galaxy devices. This week the company took that product to the next level, announcing that the Samsung Blockchain Wallet would offer integration with the Gemini crypto exchange app. Prior to this announcement, Samsung Blockchain Wallet allowed users...
Personal Finance
Stackin' Announces $12.6 Million Funding Round
by Fioney Staff
Despite concerns that the FinTech deals were slowing before the pandemic and would continue to slip as a result of shifting economic conditions, news of startups investments continue to roll in. This past week, Stackin' announced that it had raised $12.6 million in a funding round led by Octopus Ventures. The Series B also brought participation from new and existing investors such as Experian Ventures, TechStars, Cherry Tree Investments, Mucker...
Personal Finance
14% of Americans Report Tapping Retirement Savings During Crisis
by Fioney Staff
During a time when most Americans are adapting to a "new normal," they may also be making adjustments to their finances — including to funds they'd normally set aside for retirement. As part of the CARES Act, workers can now borrow a larger portion of their retirement savings (the lower of 100% or $100,000 versus the normal 50% or $50,000 limit). Additionally, the 10% penalty that is typically assessed to...