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
Robinhood Announces $280 Million Funding Round
It looks as though Robinhood is right on target once again. Last week, the stock trading app announced that it had closed a $280 million funding round. The Series F was led by Sequoia Capital, who had previously invested in the company. Other participants marked a mix of returning and new investors, including NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures. Also notable is that the funding round valued Robinhood...
Personal Finance
Brokerage Apps Seeing a Surge of New Investors Amid COVID-19 Crisis
With unemployment now nearing 15% and economic uncertainty abounding, it might not seem like the best time for Millennials and younger adults to start their first-time investing journeys. Alas it seems that that's exactly what many of them are doing. As Axios reports, there are several signs showing that young investors are interested in playing the markets during this turbulent time. First, according to data from App Annie, financial apps...
Personal Finance
Charles Schwab Announces Fractional Shares Platform "Stock Slices"
Last fall, Charles Schwab shook up the brokerage world by announcing that it would be eliminating its trade commission fees. While this model had previously been tried by FinTech startups such as Robinhood, it was a big deal for a traditional discount brokerage to adopt it. Within a week of the reveal, several other companies followed Schwab's lead, changing the landscape for good and likely influencing the mergers and acquisitions...
Personal Finance
Money at 30: Savology Review
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
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?
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
