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
Federal Reserve Chairman Joins Chorus of Libra Critics
by Fioney Staff
Earlier this week, United States Federal Reserve Chairman Jerome Powell testified before Congress. While the meeting's big headline was Powell's suggestion that a rate cut was likely later this month — news that brought market indices to all-time highs — one company that was likely not too happy with everything Powell had to say was Facebook. That's because Powell joined those criticizing the social network's plans to introduce a cryptocurrency...
Personal Finance
WalletHub Study Ranks States with Most and Least Student Loan Debt
by Fioney Staff
As the 2020 presidential election primary season heats up, one of the most talked-about campaign issues has been student debt. In fact several Democratic candidates have revealed plans to cancel the student debts of millions of Americans. Meanwhile a reported 10.9% of all student loan accounts were at least 90+ days delinquent as of earlier this year. With all that, the personal finance site WalletHub recently released a study ranking...
Personal Finance
Money at 30: InboxDollars vs. Survey Junkie Review
by Kyle Burbank
There's an old joke that suggests that, like a certain body part, everyone has an opinion. But did you know that you can make money by offering your opinions on brands, movie trailers, politics, and more? It's true — as the sites InboxDollars and Survey Junkie prove. Both of these sites allow users to take various surveys and earn a small amount of cash for their time. Then, when you...
Personal Finance
Utah Unveils FinTech Sandbox Program
by Fioney Staff
Attention FinTechs: the Beehive State is calling. As Deseret News reports, this week the Utah Department of Commerce Tuesday announced the formation of a regulatory sandbox. Under this program, participants will be allowed to test various new financial products and services that would typically require a license. However these overrides will be limited and participants will be overseen by Utah's Department of Commerce, which will also handle the application process....
Personal Finance
U.S. Job Growth Rebounds in June
by Fioney Staff
Following a disappointing May jobs report (that just so happened to be released the same day President Trump canceled planned tariffs on Mexico), it seems that the United States jobs market bounced back in June. This morning the Labor Department released its latest report showing that the economy added a better-than-expected 224,000 jobs. That's nearly three times the 75,000 jobs added in the month prior. Additionally, despite the unemployment rate...
Personal Finance
A Guide to Peer to Peer Lending Platforms for Borrowers and Investors
by Fioney Staff
Back in the late 90s and early 2000s, you may have heard the term “peer to peer” as it related to music sharing services like Napster. About a decade later the term gained new popularity in an entirely different field altogether: finance. More specifically, lending. Peer to peer (P2P) lending is a model that matches up borrowers in need of loans with investors willing to fund them. This system benefits...
Personal Finance
Congressional Committee Asks Facebook to Reconsider Cryptocurrency Plans
by Fioney Staff
After months of speculation, Facebook finally announced the first details about the planned debut of Libra just a few short weeks ago. While the news was well-received in many circles and arguably helped push the price of Bitcoin north, it seems that not everyone is on board with the plan. As Marketwatch reports, Democrats in the U.S. House of Representatives Committee on Financial Services have penned a letter to Facebook...