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
Morgan Stanley to Acquire E*Trade
by Fioney Staff
When Charles Schwab announced it was lowering its trade fees to $0 — following the lead of FinTech startups like Robinhood — it was clear that a shake up to the brokerage industry was underway. Sure enough, within days, several other firms including TD Ameritrade, E*Trade, and others revealed that they too would be putting an end to their trade fees. This was then followed by the news that Schwab...
Personal Finance
Money at 30: "Choose FI" Book Review
by Kyle Burbank
Every day, millions of adults wake up only to head to a job they despise in order to make just enough money to fund a life they likely fell into. And then there are those who wake up and do whatever they're passionate about because the money they worked for is now working for them. That's the most basic idea behind financial independence (FI) — but how does one even...
Personal Finance
Intuit Announces Acquisition of Credit Karma
by Fioney Staff
Another day, another major acquisition. More than a decade after they bought the personal finance app Mint for $170 million, Intuit is making a much larger platform purchase. As first reported by The Wall Street Journal and later confirmed by the company itself, Intuit is set to acquire Credit Karma for a whopping $7.1 billion. Credit Karma will reportedly continue to operate as its own brand within Intuit, with current...
Personal Finance
Shopify Joins Facebook-Led Libra Association
by Fioney Staff
It's been a while since Facebook's Libra has been in the news — and, following the last round of headlines it did garner, you'd be forgiven if you assumed the project was dead. However the cryptocurrency effort managed to get a bit of a boost last week. As TechCrunch reports, e-commerce platform Shopify has now joined the Libra Association. The addition of Shopify to the Association comes a few months...
Personal Finance
Survey Shows Late Credit Card Payments Aren't Always About Being Broke
by Fioney Staff
Everyone knows that carrying a balance on your credit card can lead to interest fees, adding to your debt. However there's another expensive risk that consumers may run afoul of: late fees. In fact a new survey from the personal finance site WalletHub finds that 46 million Americans anticipate missing a credit card payment this year for one reason or another. Contrary to what you might assume, the top reason...
Personal Finance
LendingClub to Acquire Radius Bank for $185 Million
by Fioney Staff
As various FinTech disruptors have grown over the years, some observers have theorized that banks would look to acquire these startups in order to integrate their services into their own (which has happened in some cases). However fewer would have guessed that things might end up the other way around — yet that seems to be what's at play for LendingClub. This week the marketplace lender announced that it was...
Personal Finance
Bitcoin.com Introduces Coin-Creation Tool Called "Mint"
by Fioney Staff
In 2017 — when Bitcoin broke-out, reaching a record of near $20,000 per coin — cryptocurrency suddenly became a phrase that even everyday Americans were at least somewhat familiar with. Of course the majority are likely only aware of Bitcoin itself and not any of the other multitude of tokens that exist. But, if you thought there are a lot of token types now, you haven't seen anything yet. Bitcoin.com...