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.
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Personal Finance
Paterson, NJ Releases Results of Basic Income Test Program
by Kyle Burbank
After completing a basic income pilot program in 2022, Paterson, New Jersey has released some of the initiative's findings. About the program and results: From June 2021 through June 2022, the City of Paterson gave 110 residents monthly payments of $400 with no strings attached. To qualify, individuals needed to make less than $30,000 per year while families with incomes under $88,000 could also qualify. Meanwhile, while the program was... Personal Finance
Empower Personal Dashboard Review
by Kyle Burbank
A few years ago, my wife and I opened a new chapter in our financial journey as we resolved to make 2019 the year we learned more about investing. Whether I was reading books on the subject or exploring other blogs for advice, there was one recommendation I came across again and again: Personal Capital — which is now part of Empower and is known as the Empower Personal Dashboard.... Personal Finance
Reddit Announces Plans to Allow Redditors to Buy Its IPO Stock
by Kyle Burbank
Reddit has revealed more details about its planned initial public offering (IPO), including offering shares to users. About the IPO details: In an S-1 filing with the Securities and Exchange Commission (SEC), Reddit laid out some details about its IPO plans. As part of this, the site notes that it intends to allow Redditors (a nickname for users) to purchase shares at IPO prices. Specifically, the company says it intends... Personal Finance
"Copy-Trading" Platform Dub Raises $17 Million
by Kyle Burbank
A FinTech brokerage platform that makes it easy to share and follow portfolio strategies has closed a new round of funding. About the round: Dub has announced that it's raised $17 million — including $15 in equity deals and a $2 million debt facility. The seed round was led by Tusk Ventures with several other venture firms as well as individuals participating. This list includes Uber CEO Dara Khosrowshahi, Apex... Personal Finance
Lessons From a First-Time Home Buyer: Surviving Our First Winter
by Kyle Burbank
One major difference between Springfield, Missouri and my previous city of residence (Glendale, California) is that, here, we have these things called "seasons." Furthermore, unlike a California winter where you might have to put on a sweater when it dips into the 40s, we do see snow, ice, and occasional sub-zero temperatures here in the Midwest. In turn, when we bought our home in whirlwind fashion, I knew we'd immediately... Personal Finance
American Airlines Announces Checked Baggage Fee Hikes
by Kyle Burbank
A major domestic airline recently announced increased baggage fees for customers. About AA's new baggage policies: American Airlines is increasing its checked bag fees in a few ways. Now, customers on domestic flights (including Alaska, Hawaii, Puerto Rice, and the U.S. Virgin Islands) will need to pay $35 for their first checked bag when booked online or $40 if purchased at the airport. A second checked bag for these flights... Personal Finance
Survey: 80% of Americans Regret Their Financial Choices
by Kyle Burbank
With layoffs recently impacting the tech, media, and other sectors, a new survey from Quicken looks at whether workers are prepared for such changes and how Americans feel about their financial decisions. About the survey: Quicken's survey of more than 1,000 U.S. adults found that 80% had regrets about their financial choices. Specifically, the biggest regret respondents voiced was not maintaining a large enough emergency fund. Nearly half (48%) of...