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
American Express Partners with PayPal, Venmo for New "Split It" Feature
by Fioney Staff
There's no doubt that the advent of peer to peer (P2P) payment apps has made it easier for friends and family to split dinner bills, reimburse each other for gas money, and much more. Nevertheless, as simple as services such as PayPal, Venmo, Square Cash, and others make the process, increasingly integrations have made them even more convenient. The latest example of this comes from American Express who recently rolled...
Personal Finance
Zuckerberg Heading Back to Capitol Hill to Talk Libra
by Fioney Staff
Ever since Facebook initially announced plans for the cryptocurrency Libra, it's faced a seemingly endless wave of critiques and inquiries from regulators. Neverthless the company has remained resolute, saying it would continue to pursue its plans while working to assuage concerns. Now, as part of those efforts, it's been revealed that Facebook CEO Mark Zuckerberg will be testifying before congress about Libra. According to CNBC, Zuckerberg is slated to appear...
Personal Finance
Robinhood Takes Second Stab at Cash Management Account
by Fioney Staff
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
by Fioney Staff
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
by Fioney Staff
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
by Fioney Staff
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
by Fioney Staff
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...