Personal Finance: What You Need To Know Today

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.

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Crypto Lender BlockFi Raises $18.3 Million

While it may have been a rocky week for the stock market, it's been a good few days for crypto. Potentially due in part to the volatility on Wall Street, Bitcoin has managed to stay on the right side of $10,000, currently trading for more than $11,500. On top of that, cryptocurrency lender BlockFi announced this week that it had raised $18.3 million to expand its crypto wealth management solution....
MezuCard screenshot

Mezu Launches Digital Mastercard Debit Card

As we've documented before, one of the biggest trends in FinTech has been offering debit card products. From Square and PayPal to Stash and Acorns, each firm has taken a stab at a physical debit card their users can obtain. Now the digital payment app Mezu is throwing their hat into the ring but with a twist, rolling out a digital-only debit card in partnership with Mastercard. MezuCard is issued by...
Credible website screenshot

Fox Corporation Buys Majority Stake in FinTech Credible

In recent years several sectors have taken an interest in FinTech for both partnerships and investments. Still, the latest Silicon Valley deal comes from a seemingly unexpected suitor. As the Wall Street Journal reports, Fox Corporation has agreed to purchase a 67% stake in Credible Labs for $265 million. Additionally the company has committed to spending as much as $75 million in operating costs for Credible over the next two...
2019 Back to School Shopping Survey

Average Back-to-School Spending Expected to Rise for 2019

Even if the calendar and weather insist that summer is still here, make no mistake that back-to-school season has arrived. In addition to students preparing to employ their alarm clocks once again, many parents are prepping their wallets for the expenses that come with the new school year. In fact, according to a new study by the personal finance site WalletHub, parents are expected to spend more on school supplies...
Bitcoin hovering above an open hand

Bitcoin Bulls Fight Back as Crypto Tops $10,000 Again

Back in June, it was big news when Bitcoin finally made it back over $10,000 after months at less than half that. While bulls continued to push the price up as high as $14,000 in the weeks that followed, it managed to fall back down below the milestone as regulators have been continually slamming cryptos in general. However, as Forbes reports, the latest rally is giving Bitcoin believers some hope...
Federal Reserve Rates graph

Federal Reserve Cuts Interest Rates, First Time Since 2008

This week the Federal Reserve voted to lower its key short-term interest rate by a quarter-point. The widely expected move marked the first time the Fed has cut rates in more than a decade, moving the new target to 2%-2.25%. As USA Today reports, the decision comes even as most economic indicators remain positive. In a statement released following the meeting, the Fed wrote, "This action supports the Committee's view...
Capital One logo

Capital One Reveals Massive Data Breach

If you're a Capital One customer or have applied for one of the products in the past, you may be a victim in the latest major hack. This week, this bank announced a data breach exposed personal data for 100 million Americans as well as six million Canadians. The breach, which is being described as one of the largest ever, involved individuals who applied for the bank's credit card products...
FinFit BigWheel of financial health

FinFit Announces $7 Million Funding Round

Despite concerns from some regulators that the rise of FinTech has posed a threat to consumers, the truth is that the industry has mostly been a benefit to the financial health of Americans and those around the globe. Among those leveraging financial technologies in this way is FinFit. Now the company has raised a round of funds that will help them further pursue that mission. The $7 million Series B...
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2025 SoFi Checking and Savings Review

 Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. That was later sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind is SoFi’s acquisition of Golden Pacific...
Travelers with two Best Western Credit Cards

Best Western Debuts Two New Rewards Credit Cards

After pausing applications for their previous rewards card, the hotel chain Best Western has unveiled a new pair of rewards credit cards with a new issuer. About the Best Western cards: Best Western is partnering with First Bank & Trust and Mercury Financial to introduce two new co-branded credit cards. First up is the no-annual-fee Best Western Rewards Visa Signature Card. With this card, customers can 4x points on Best...
Marriott Bonvoy card and a woman on vacation

Marriott Bonvoy Bold Card Launches Travel Contest

Chase and Marriott Bonoy have unveiled a special contest while continuing to offer its best-ever welcome bonus. About the welcome bonus and Bold Chat Court Contest: Marriott Bonvoy and Chase have launched a special opportunity called the Bold Chat Court contest. As part of this contest, 10 lucky travelers will be awarded 500,000 Marriott Bonvoy points (for a total of 5 million) as well as $5,000. For this contest, the...
Bilt and All Reward logos

Bilt Adds 2 New Transfer Partners Including First 3:2 Transfer Rate

Bilt is once again expanding its travel transfer rewards program — and is even breaking the mold with one new partner. About the new additions to Bilt: This week, Bilt launched partnerships with two more travel brands: TAP Air Portugal and Accor. As a result, Bilt members will now be able to transfer their points to Miles&Go and ALL Reward, respectively. In total, Bilt now has 18 transfer partners including 13...
PayPal Debit Card app

PayPal Debit Card Review: Earn Stackable 5% Cash Back

In recent weeks, PayPal debuted an updated debit card product (perhaps you've seen the incessant Will Ferrell commercials for it during football games?). With the launch of this card, the company known for online payments is encouraging customers to pay with them anywhere. To encourage such behavior, the debit card allows cardholders to earn 5% cashback — although, as you can imagine, there are some important restrictions on that. So,...