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
Youth-Focused Neobank App Step Introduces 5% APY Offer
by Kyle Burbank
An all-in-one financial platform aimed at young adults is hiking the interest rate that customers can earn on their money. In fact, Step will now enable users to earn a rate that's more than 12 times the national average. Effective now, Step is offering up to 5% APY on savings (up to $250,000 in funds). However, to earn this, cusomers will need to make a qualifying monthly direct deposit of...
Personal Finance
7 Ways to Save Money on Streaming Service Subscriptions
by Kyle Burbank
Once upon a time, the idea of streaming television and movie content was not only novel but was mostly limited to just a few services — including some free ones. Well, that's definitely changed in recent years as nearly every major media conglomerate has launched its own streaming platform. And, while you'd think that the increased competition would mean lower rates, the financial realities of the medium are starting to...
Personal Finance
Robinhood Introducing 24 Hour Market Trading for Select Stocks
by Kyle Burbank
The popular stock trading app Robinhood is readying its latest feature, announcing that it will soon offer "24/5" trading with Robinhood 24 Hour Market. This new addition will allow customers to buy and sell stocks well outside of regular market hours. Specifically, the 24 Hour Market trading hour will run from 8:00 p.m. Eastern on Sunday to 8:00 p.m. Eastern on Friday. Currently, regular Market Hours are 9:30 a.m. Eastern...
Personal Finance
FinTech Card Issuer Cardless Announces $75 Million Credit Facility
by Kyle Burbank
The FinTech credit card firm Cardless has secured a new means of capital as it looks to continue its expansion. This week, the company announced that it'd reached a deal with i80 Group, securing a three-year $75 million credit facility. In addition to the credit facility, Cardless has announced that Brian Kelly has invested in the company. As the founder of the popular travel and credit card site The Points Guy, Kelly...
Personal Finance
Credit Builder Petal Raises $35 Million, Spins Off Prism Data
by Kyle Burbank
The credit-building credit card FinTech Petal has announced a fresh round of funding and a big change to their business. First, the company disclosed that it's raised $35 million. The new funding was led by Valar Ventures with Story Ventures, Core Innovation Capital, and RiverPark Ventures participating as well. Strategic investments from Synchrony and Samsung Next were also included. To date, Petal has now raised nearly $300 million in equity...
Personal Finance
48% of Americans Worry About Money in Banks Following Failures
by Kyle Burbank
Following a series of bank failures in recent weeks, some Americans may be wondering about just how safe their deposited funds are. With that in mind, a new poll from Gallup sought to measure banking consumer confidence — and compare those results to a pair of 2008 surveys. According to the poll, a total of 48% of respondents expressed worry about the safety of funds they had deposited with banks...
Personal Finance
What to Do With Your 401(k) From a Previous Employer
by Fioney Staff
When leaving a job with an employer, there are obviously a number of changes you will experience and decisions you will need to make about your future. One such decision that is sometimes forgotten is what to do with the 401(k) you had under your former employer. In addition to any contributions you may have made to your account, you may also have a vested chunk of matching funds or...