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.

discussing Facebook crypto

Facebook Reportedly Still Working on Building Its Own Cryptocurrency

For months one of the big rumors has been that Facebook was developing a cryptocurrency that could be used for payments on its platform. While these plans still aren't confirmed, we are seemingly getting a better idea of what this would look like. According to the Wall Street Journal, Facebook is continuing talks with various potential partners in a bid to achieve e-commerce dominance. The effort to bring the digital...
April Jobs Report

United States Unemployment Falls to 49-Year Low

Another week, another better-than-expected economic report. Today the United States Labor Department issued its latest jobs report showing that the economy added 263,000 jobs in the month of April. Not only does that top the 213,000 jobs MarketWatch's poll of economists had anticipated but also helped bring the unemployment rate down to a level not seen in nearly 50 years. With the added jobs, U.S. unemployment fell two-tenths of a...
2019 Foreign Transaction Fee Survey

Survey Finds Foreign Transaction Fees May Surprise Majority of Cardholders

When considering a new credit card it's likely that consumers will evaluate some of the various perks, including cash back, airline miles, and more. However an emphasis on these benefits may cause them to overlook certain fees — especially if they don't believe such costs will affect them. Considering that a new report from the personal finance site WalletHub found that 80% of those surveyed were unaware that foreign transactions...
severe storm clouds

Money at 30: Spring Weather is a Great Reminder About Renters Insurance

Since moving to Springfield, Missouri, I've become mildly obsessed with following the weather. I regularly keep tabs on my local National Weather Service's Twitter, watch Facebook's live streams they hold before certain events, and of course have a favorite network affiliate meteorologist. This interest isn't so much driven by passion but by fear as I've never lived in a place where tornados seemed like much of a threat. Consider that Twister...
Sweetgreen storefront

Prominent Cashless Chain to Accept Cash Once Again

For years a big question surrounding FinTech, cryptocurrencies, and mobile payments has been whether these technologies would accelerate a move toward a cashless future. Between a majority of Americans stating that they believe the country would go cashless in their lifetime and a slate of retailers announcing they'd be moving away from cash, it did seem as though payments were headed in that direction. However last week the cashless trend...
US GDP chart

United States' Q1 GDP Growth Exceeds Expectations

Following a relatively weak fourth quarter that brought down the United States' 2018 average gross domestic product growth to just below 3%, the economy managed to to exceed expectations and roar back in the first quarter of 2019. According to CNBC, a poll of economists estimated the quarter's GDP growth to be 2.5%. Instead the Bureau of Economic Analysis' report released on Friday showed growth of 3.2% — marking the first...
Robinhood founders

Robinhood Applies for National Bank Charter

Late last year, FinTech investment app Robinhood famously ran into a bit of trouble when it announced plans for a "Checking & Savings" account. Long story short, the company was forced to walk back that announcement after it came to light that their plan had not been vetted by the Securities Investor Protection Corporation and, while a "coming soon" banner for a Cash Mangement offering still shows on their site,...
stock market exchange floor

S&P 500, Nasdaq Reach Record Closing Highs on Tuesday

Ever since U.S. markets took a tumble on Christmas Eve of last year, much has been made about an impending turnaround. Earlier this week those fears seemed far out of mind as the S&P 500 and the Nasdaq both closed at record highs. As for the Dow Jones Industrial Average, it wasn't far behind either. CNBC reports that the S&P closed 2,933.68 on Tuesday, besting the previous 2,930.75 seen in...
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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,...