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
United States Unemployment Falls to 49-Year Low
by Fioney Staff
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...
Personal Finance
Survey Finds Foreign Transaction Fees May Surprise Majority of Cardholders
by Fioney Staff
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...
Personal Finance
Money at 30: Spring Weather is a Great Reminder About Renters Insurance
by Kyle Burbank
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...
Personal Finance
Prominent Cashless Chain to Accept Cash Once Again
by Fioney Staff
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...
Personal Finance
United States' Q1 GDP Growth Exceeds Expectations
by Fioney Staff
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...
Personal Finance
Robinhood Applies for National Bank Charter
by Fioney Staff
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,...
Personal Finance
S&P 500, Nasdaq Reach Record Closing Highs on Tuesday
by Fioney Staff
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...