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.

SoFi and Samsung debit card and app

Samsung Launching Debit Card Product with SoFi

Even in our "new normal," the FinTech SoFi continues to make a splash. Not only has the company debuted several new products in recent months but has also revealed a handful of acquisitions and partnership. The latest on that latter list is Samsung. This week, the companies officially unveiled what's being dubbed "Samsung Money by SoFi." The upcoming product promises users higher-interest earning, savings and money management tools, and more...

2020 Mezu and MezuCard Review

What did we do before apps like Venmo and Square Cash? Given how easy these peer to peer (P2P) payment apps have made sending money between friends, it’s really no wonder why they’ve become so popular. That said there is one minor flaw in these apps: you typically need to know the e-mail address, name, or phone number of a person in order to send money to them. That’s where...
Quit Like a Millionaire book cover

Money at 30: "Quit Like a Millionaire" Book Review

Earlier this year, I decided that one of my goals for 2020 was to do more book reviews. Somehow, this became both easier and harder to attain as quarantine set in. So, with my local library closed, I instead turned to Amazon to see what titles I should add to my queue. That's how I first came across Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required by...
Spruce screenshot

Real Estate Tech Company Spruce Raises $29 Million

One recurring theme in the world of FinTech has been the ability to conduct virtual, digital transactions whereas in-person meetings were once required. While these innovations first replaced simple functions such as sending money directly to a friend or family member, they've grown to include more complex transactions, such as buying real estate. That's where the company Spruce comes in — and, this past week, the firm got a boost...
holding a piggy bank

What is a 401(k) Loan and is it a Good Idea?

For many employees, their 401(k) plan is their main means of saving for retirement and it may also represent the bulk of their net worth. Given this reality, it's no wonder that some individuals might look at their retirement savings and wish that they could utilize some of those funds today. Well, as it turns out, you just might be able to. With 401(k) loans, participants in most plans can...
sketch of a home with a city backdrop

Sales of Existing Homes Fall to Near 10-Year Low

During these interesting times, are you in the market for a house? If not, you certainly aren't alone. As CNN Business reports (and according to data from the National Association of Realtors), sales of existing homes dropped by 17.8% in April compared to the previous month. Similarly sales were down 17.2% year over year. This was not only the largest monthly drop seen since July of 2010 but also brought...
working on a laptop

FinTech Numerated Announces Automated PPP Loan Forgiveness

Among the many ways that the coronavirus pandemic has changed life in America and around the world is that it's made FinTech more relevant than ever before. From contactless payments becoming a growing preference to digital banking proving essential, these innovations have been thrust into the spotlight. Similarly, while select banks struggled to handle the demand of the Paycheck Protection Program (PPP), some online outlets were able to step in,...
a row of houses

More Than 8% of U.S. Mortgages Now in Forbearance

With the United States economy still being pummeled by closures associated with the spread of COVID-19, many Americans are seeking financial relief. One potential option for homeowners who may be struggling is forbearance, which allows them to pause mortgage payments for up to 12 months. Now new data shows that a growing number of consumers are applying for this protection — regardless of whether or not they might need it....
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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...
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...
PayPal Debit Card app

PayPal Debit Card Review: Earn Stackable 5% Cash Back

In recent weeks, PayPal debuted an updated debit card product (perhaps you've seen the incessant Will Ferrell commercials for it during football games?). With the launch of this card, the company known for online payments is encouraging customers to pay with them anywhere. To encourage such behavior, the debit card allows cardholders to earn 5% cashback — although, as you can imagine, there are some important restrictions on that. So,...