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: Savology Review
by Kyle Burbank
For many Americans, the past few weeks have brought some major financial changes. While some are just trying to stay afloat, others are already looking ahead and searching for ways that they can be more prepared the next time around. For this latter group, a tool that could help them assess their current money situation and offer some tailored advice would probably be useful — and that's basically what Savology...
Personal Finance
Galileo Announces Partnership with Mexican FinTech Klar
by Fioney Staff
With all that's going on in the world right now, international expansion might not seem like the most likely move for most companies. Yet that's what's happening with Utah-based Galileo Financial Technologies. Last week the FinTech announced a new strategic partnership with the Mexico City-based Klar. Klar is a challenger bank that aims to lead the "democratization of financial services in Mexico." That goal got a big jumpstart last year...
Personal Finance
Is Bestow Term Life Insurance Right For You?
by Kyle Burbank
Americans seem to have a love-hate relationship with insurance. While many love the benefits that come with being covered by health insurance, car insurance, renters insurance, etc., seeking out a policy isn’t always top of mind. Furthermore, when it comes to certain types of insurance such as life insurance, many would rather not think about the unpleasantries associated with them. Alas, term life insurance can be an important product for...
Personal Finance
62% of Americans Say the Current Crisis Has Hurt Their Finances
by Fioney Staff
It's no secret that the COVID-19 pandemic is taking a toll on the financial security of many Americans. Now a new survey by Quicken shows just how far-reaching and diverse those impacts have been. First, 62% of people have seen the current crisis either "severely" or "somewhat" negatively affected their personal finances — with 21% saying the impacts were severe. Moreover 40% of respondents expected the effects to end up...
Personal Finance
Tally Save App Review
by Kyle Burbank
Of all the different types of finance apps I review, my favorites are the kind that reward you with real money. That's why I was very intrigued when I heard about Tally Save — an application that incentivizes saving by giving users points they can cash in for gift cards. At the time that I joined, the app was in beta but has since rolled out on the Apple App...
Personal Finance
Investment App Stash Announces $112 Million Round
by Fioney Staff
Late last year, the discount brokerage world saw a sea change as Charles Schwab and several other firms announced that they were dropping their trade commissions to $0. Although the move was likely aimed at FinTechs like Robinhood that had already been offering fee-free trades for years, it seems that it only widened the net of investors looking into Schwab, SoFi Invest, and others. Among the FinTech brokerages that have...
Personal Finance
United States Gross Domestic Product Falls 4.8% in Q1
by Fioney Staff
Ever since mandated lockdowns and shelter-in-place orders related to the COVID-19 pandemic began, it was clear that the virus would take a toll on the United States economy. Sure enough, the past few weeks have brought multiple rounds of record-breaking jobless claims that now total more than 26 million in five weeks. Now the U.S. Bureau of Economic Analysis has released its first-quarter gross domestic product (GDP) report further demonstrating...