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.
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Personal Finance
Money at 30: Why Budget Hotels May Save You More Than You Think
by Kyle Burbank
When it comes to travel accommodations, I'm typically of two dueling mindsets. On the one hand, I don't feel a need to stay at the most luxurious properties in many cases — especially if I don't plan on staying in the room for all that long. Yet, I've often turned up my nose at traditional budget-friendly hotel and motel brands while on the road for one reason or another. However,...
Personal Finance
Mercury Debuts IO Company Card for Startups
by Fioney Staff
A FinTech banking platform meant to help startups manage their money as they scale is getting into the credit card game. This week, Mercy announced the launch of the IO card. Issued by Patriot Bank, the card carries no annual fee and has 30-day repayment terms. The IO card earns 1.5% cashback on all purchases, including international transactions. Earned cashback is then automatically deposited when all settled transactions are paid...
Personal Finance
Robinhood Debuts "Investor Index" with App's Most-Owned Stocks
by Fioney Staff
Since the brokerage app Robinhood launched in 2015, its seen more than its fair share of media attention. In addition to high-profile coverage of the company's own missteps, there's also been plenty of focus on what types of investments the app's users are pouring their money into. Now, Robinhood has announced the launch of its Investor Index that will provide a bit more insight on that topic. The new Investor...
Personal Finance
Experian Boost Beta Adds Rent Payment Reporting Feature
by Fioney Staff
As many Americans are now aware, the United States credit system has some notable flaws. Among them is the fact that, in order to build credit, you typically need someone to extend you credit, creating a bit of a "Catch 22." Additionally, even though consumers might regularly pay bills for utilities, cell phones, and rent on time, such payments traditionally had no impact on their credit. That's where Experian's Boost...
Personal Finance
Money at 30: "Cashing Out" Audiobook Review
by Kyle Burbank
It's time yet again for another personal finance audiobook review. This month, I had the chance to check out Cashing Out: Win the Wealth Game by Walking Away by Julien and Kiersten Saunders of the Rich & Regular podcast. Having seen this duo at past FinCon events and all over personal finance Twitter, I was excited to pick this one up on Audible and give it a listen during my...
Personal Finance
Alloy Announces Additional $52 Million for Series C
by Fioney Staff
A FinTech that helps other FinTechs as well as banks to better automate their decision-making process has raised more money on top of its recent "megaround." Last week, Alloy announced that it had raised another $52 million, with the latest round valuing the company at $1.55 billion. These funds add to the company's previously-announced $100 million Series C nearly one year ago. The round was led by Lightspeed Venture Partners...
Personal Finance
Average FICO Credit Score Remains Stagnant at 716
by Fioney Staff
There's good news and bad news when it comes to today's credit scores. According to FICO, the average credit score is currently 716 — matching what it's been since April 2021. Notably, this is the first time in 10 years that the average FICO credit score didn't increase year-over-year. The previous example was from 2012 when the average was 689 for two consecutive Octobers (plus a brief increase to 690 in...