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
Moving from a Health Marketplace Plan to an Employer Plan
by Kyle Burbank
In the United States, health insurance coverage has largely been tied to employment. That's why the Affordable Care Act (colloquially known as Obamacare) not only increased eligibility for employer-sponsored health insurance plans but also introduced insurance marketplaces where those who didn't qualify for employer plans could find coverage and potentially claim a subsidy. However, because of this, those who have marketplace plans may need to cancel their current coverage once...
Personal Finance
Tax-Advantaged Account Platform Carry Raises $10 Million
by Kyle Burbank
An investment platform with an emphasis on tax-saving strategies has raised a new round of funding. About the round: Earlier this week, Carry revealed that it had raised $10 million. The Series A was led by Accomplice VC with "dozens" of angel investors participating as well. According to the company, the funds were raised at a pre-money valuation of $65 million. This round follows a $4.5 million seed round in...
Personal Finance
Aven Raises $142 Million for Home Equity-Backed Credit Card
by Kyle Burbank
A company that offers a home equity-backed credit card has secured a new "megaround" of funding. About the round: This week, Aven announced that it had raised $142 million. The Series D was led by Khosla Ventures and General Catalyst while returning investors, such as Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership, also participated. Notably, according to the company, it has now reached "unicorn" status, meaning that...
Personal Finance
Beyond Getting By by Holly Trantham Book Review
by Kyle Burbank
Despite moving to a house right across the street from a library branch last year, it's been a while since I took the opportunity to browse the New Release shelves for recent personal finance titles. When I finally did, I came across the book Beyond Getting By: The Financial Diet's Guide to Abundant and Intentional Living by Holly Trantham. Actually, in addition to Trantham, Financial Diet founder Chelsea Fagan pens...
Personal Finance
Sequoia Reportedly Offers to Buy Stripe Shares from Investors
by Kyle Burbank
Major FinTech investor Sequoia Capital is reportedly offering to buy stakes of Stripe from previous investors. What's happening: According to a report from Axios, Sequoia has been emailing limited partners that invested in Stripe between 2009 and 2012. The venture capital firm is offering to purchase up to $861 million in shares of the FinTech giant. Notably, the share price offer of $27.51 per share values Stripe at $70 billion....
Personal Finance
Survey: 25% of Retirees Still Paying Off Credit Card Debt
by Kyle Burbank
A new survey from Nationwide finds that a significant number of retirees are facing financial complications. About the survey: Recently, Nationwide commissioned Harris Poll to survey adult investors — including a cohort of retirees — about their finances. Unfortunately, the results weren't particularly good news. First, 31% of retirees say that they anticipated being less secure in their retirement than previous generations of their family were. Sure enough, 22% of...
Personal Finance
Lessons From a First-Time Home Buyer: A Warning on "Interest-Free" Home Repair Financing
by Kyle Burbank
The unfortunate fact about being a homeowner is that, at some point, you're going to have to pay to repair/replace some expensive items in your house. And while you should try to be as prepared for that as possible, in reality, there are times when an unexpected repair may mean needing to request financing. That way, you can pay off the purchase over time rather than shelling it all out...