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
The Synapse/Evolve Debacle Has Gotten Better and Worse
by Kyle Burbank
After several stressful weeks, end users with neobanking accounts that utilized Synapse and had funds held at Evolve Bank & Trust got a few answers in recent days. Unfortunately, not all of those answers were satisfying, leading to even more questions. Let me back up just in case you missed my previous article explaining the situation. Earlier this year, the "banking-as-a-service” company Synapse filed for bankruptcy. Sometime later, one of...
Personal Finance
Study Highlights States Seeing Largest Auto Loan Rate Increases
by Kyle Burbank
A recent study found that auto loan rates in certain states have increased by more than 2% in the last quarter. About the results: New data from the personal finance site WalletHub found that auto loan rates increased in all but four states between the second and third quarter of this year. As the site notes, auto loan debt in the United States totals more than $1.6 trillion. That amounts...
Personal Finance
Bask Bank Adjusts Miles-Earning Savings Account Rate Downward
by Kyle Burbank
A bank that allows you to earn airline miles instead of interest is now lowering its rate. About the changes: Recently, Bask Bank made an update to its Mileage Savings Account. Previously, customers could earn 2.5 miles for $1 saved annually. This means that someone who held $10,000 in their account would earn a total of 25,000 American Airlines AAdvantage miles over the course of that year (with miles being...
Personal Finance
CLEAR Plus Pilots Paid Curb-to-Gate Assistance Service Option
by Kyle Burbank
CLEAR is introducing two VIP service options exclusively for CLEAR Plus members. About CLEAR Ambassador Assist: The biometric identity verification service CLEAR is now offering new services that will allow travelers to gain VIP assistance. Dubbed CLEAR Ambassador Assist, this platform allows customers to book Curb-to-CLEAR or Curb-to-Gate services. With each of these options, a dedicated ambassador will greet passengers upon arrival, help them with their bags, and guide them...
Personal Finance
Neobank Chime Re-Ups Partnership with Dallas Mavericks
by Kyle Burbank
A popular neobanking app is renewing and expanding its partnership with one of the NBA's top teams. About the partnership: After initially joining as a sponsor in 2020, Chime recently revealed that it was extending its strategic partnership with the NBA's Dallas Mavericks. As a result, the team will continue to wear Chime patches on all four of their official jerseys. Additionally, the neobank will be advertised on signage throughout...
Personal Finance
Lessons From a First-Time Home Buyer: How FICO's New Tool Could Benefit Mortgage Applicants
by Kyle Burbank
Applying and getting approved for a mortgage can be a lengthy process. As I learned, this is especially true if you're self-employed — but it could also be a challenge given your credit situation. On that note, FICO is apparently rolling out a new tool to mortgage lenders that will hopefully enable them to give applicants more specific advice and direction while working to provide them with more and better...
Personal Finance
Subcontractor Financial Solution Platform Billd Raises $17.5 Million
by Kyle Burbank
A platform that focuses on the financing for subcontractors has raised a new round of funding itself. About the round: This week, Billd announced that it had raised $17.5 million in "strategic funding." The round was led by LL Funds as well as MissionOG. RJT Credit, Ulysses Management, and HighSage Ventures also participated. Previously, Billd raised a $30 million Series B in 2021 and a $60 million Series A in...