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.
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Personal Finance
Personal Finance
Robinhood Takes Second Stab at Cash Management Account
Late last year, the commission-free stock trading platform Robinhood announced it would soon be offering a "Checking & Savings" account. These would complete with a debit card and a headline-worthy a 3% APY on savings. Unfortunately those plans were quickly rebuffed by the Securities Investor Protection Corporation, sending Robinhood back to the drawing board. Now the FinTech has revealed details about their renamed and revamped Cash Management account. Not surprisingly...
Personal Finance
Charles Schwab Eliminates Trading Commission Fees, Others Follow
Change is in the wind — can you feel it? Just as the leaves are starting to display their autumn coloring and falling to the ground, commission fees at three major brokerage firms are dropping to new lows as well. Now customers of Charles Schwab, Ameritrade, and E*Trade can buy and sell stocks and ETFs for a commission of $0. Last week Schwab announced that it was cutting its $4.95...
Personal Finance
Samsung Pay Adds International Payments Thanks to Finablr Partnership
When Apple first unveiled Apple Pay in 2014, the expectation was that mobile payments would make major in-roads within a short period of time. Unfortunately that wasn't exactly the case, despite efforts by Apple, Google, Samsung, and others. Since then those companies have expanded on their mobile wallet product offerings, with Apple adding features such as Apple Cash and, most recently, Apple Card. Now Samsung is also looking to broaden...
Personal Finance
SoFi Officially Rolls Out Crypto Trading with $25 Bitcoin Bonus Offer
Nearly a month after debuting cryptocurrency trading to select users, last week SoFi formally announced the new feature for their SoFi Invest platform. According to the company the addition makes SoFi Invest the only tool to offer "automated and active investing with stocks, ETFs, and crypto through a single app." What's more, to entice users to try out SoFi Crypto, the company is currently offering free Bitcoin to new buyers....
Personal Finance
Survey Highlights Why Lending Money to Friends is Ill-Advised
At this point, we all know that lending money to friends or family is likely not a good idea. Nevertheless it's human nature to want to help out when loved ones ask for assistance. Unfortunately, as a new survey by Bankrate reinforces, financial favors between loved ones can often come with negative consequences. In a survey of 2,490 adults, 60% reported lending cash to a friend or family member with...
Personal Finance
Politics, Trade Plague the Markets Once Again
After an up and down week, Friday is proving to be a volatile day on the markets once again. Per usual the reasons behind the rocky ride are numerous, although in this case they can mostly be narrowed down to two things: political and trade threats. In fact those two could be combined as simply "uncertainty" as the President faces a Congressional challenge and the trade front with China continues...
Personal Finance
