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
Personal Finance
Federal Reserve Lowers Interest Rates by Another Quarter Point
In a move that was widely expected, the Federal Reserve voted to lower interest rates again. About the cut: This afternoon, Federal Reserve chairman Jerome Powell announced that the agency had voted to lower interest rates by a quarter-point (or 25 basis points). The move is the second reduction this year, although the September cut was larger, coming in at half a point. Beyond these two cuts, the Fed is...
Personal Finance
FTC Files Complaint Against FinTech App Dave
The Federal Trade Commission has announced plans to "take action" against the FinTech cash advance app Dave, accusing the service of deceptive marketing. About the complaint: Today, the FTC filed a complaint against the app Dave in U.S. District Court for the Central District of California. In this complaint, the agency accused the service of using misleading marketing and charging undisclosed fees to customers. First, while Dave advertises instant loans...
Personal Finance
The Synapse/Evolve Debacle Has Gotten Better and Worse
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
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
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
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
