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.
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Personal Finance
SoFi and Capitalize Announce Enhanced 401(k) Rollover Feature
by Kyle Burbank
Two FinTechs are deepening their partnership to benefit consumers looking to recover their old 401(k)s. About the Expanded Integration: This week, SoFi and Capitalize announced an expansion of their collaboration. While SoFi's platform has long utilized Capitalize's services, this update will make it easier for customers to locate and transfer 401(k)s they may have had from former employers. As Capitalize explains, SoFi is now implementing the Embedded Rollerover API, allowing...
Personal Finance
"Make It Happen" by Darius Foroux Book Review
by Kyle Burbank
In the past few months, I've seen several people I follow on Twitter (X) announce that they're releasing books (which is great since I'm currently looking to review one book a month for this site). But, while many of these titles won't be released until this fall or later, I was excited to see that Darius Foroux recently announced that not one but two new books would be released just...
Personal Finance
U.S. FinTech DailyPay Announces Canadian Expansion
by Kyle Burbank
A platform that's helped American workers access their paychecks right away has now expanded northward. About DailyPay's Expansion: Earlier this week, DailyPay announced the continuation of its global expansion. This month, the service will be available to new and existing clients in Canada. As the company notes, this is the second foreign market it's entered following its arrival in the United Kingdom last September. DailyPay enables employers to offer on-demand...
Personal Finance
Survey: Pet Owners Spend Average of $1,750 Annually on Pets
by Kyle Burbank
A recent survey from ValuePenguin found that the majority of pet owners end up spending more per year on their furry friends than they anticipated. About the Survey Results: According to a survey of 2,000 pet owners, 61% admit that taking care of their animals ends up being more expensive than they thought. Moreover, on average, these respondents report spending upwards of $1,750 a year on their pets. While 51%...
Personal Finance
Lessons From a First-Time Home Buyer: The Truth About Managing Risk as a Homeowner
by Kyle Burbank
Ever since we first toured the home that we'd go on to make our own, there was something literally looming over the house that worried me a bit: a giant tree in the backyard. Specifically, as I've learned, it's a silver maple tree — and, while it does provide some great shade, watching the branches blow in the wind does lead to some anxiety. That's why, at long last, we...
Personal Finance
LendingClub Acquires Spending Intelligence Platform Cushion
by Kyle Burbank
The marketplace lender LendingClub has announced its acquisition of another FinTech platform. About LendingClub's Purchase of Cushion: This week, LendingClub revealed that it had acquired the intellectual property and "select talent" from Cushion. The platform is an AI-powered spending intelligence service that helps customers track their finances by looking at their banking transactions. This includes monitoring bills, managing subscriptions, and making on-time payments. Additionally, the platform can help users build...
Personal Finance
Small Business FinTech Flex to Merge with Maza
by Kyle Burbank
Two FinTechs are joining forces as part of an expansion from small business to consumer finance. About Flex's Acquisition of Maza: In a strategic move, Flex recently announced that it would be acquiring Maza. As a result, Maza will rebrand to Flex Consumer. This will continue Flex's initiative to allow business owners to "commingle" their personal and business finances in one place. While not stated in the press release, Crunchbase...