Personal Finance: What You Need To Know Today

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.

young woman stressed over credit card bills

American Consumers Added $67.1 Billion to Credit Card Debt in Q2

As 2022 rolls on, American consumers are now piling on more credit card debt. According to the latest Credit Card Debt Study from WalletHub, credit card debt among U.S. adults increased by $67.1 billion during the second quarter of 2022. That marks the largest increase seen during a Q2 and is 50% higher than the $44.9 billion in debt consumers added in Q2 2021. Furthermore, the site notes that the...
Motel 6 entrance

Money at 30: Why Budget Hotels May Save You More Than You Think

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,...
Mercury IO card

Mercury Debuts IO Company Card for Startups

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...
illustration of walkway

Robinhood Debuts "Investor Index" with App's Most-Owned Stocks

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...
Experian Boost

Experian Boost Beta Adds Rent Payment Reporting Feature

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...
"Cashing Out" by Julien and Kiersten Saunders

Money at 30: "Cashing Out" Audiobook Review

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...
Alloy logo

Alloy Announces Additional $52 Million for Series C

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...
Credit score and credit cards

Average FICO Credit Score Remains Stagnant at 716

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...
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2025 SoFi Checking and Savings Review

 Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. That was later sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind is SoFi’s acquisition of Golden Pacific...
Rakuten: Where it pays to shop.

A Look at How Rakuten (Ebates) Works in 2026

Since taking an interest in personal finance, one site I’ve come across again and again is Rakuten, formerly Ebates. If you’re still unfamiliar, Rakuten is a cashback site — and is the largest of its kind by far, boasting deals from over 3,500 retailers. Its popularity has endured even with the odd Rakuten re-branding and the platform remains one of my most-used money-saving tools. Since joining Rakuten / Ebates some...
Travelers with two Best Western Credit Cards

Best Western Debuts Two New Rewards Credit Cards

After pausing applications for their previous rewards card, the hotel chain Best Western has unveiled a new pair of rewards credit cards with a new issuer. About the Best Western cards: Best Western is partnering with First Bank & Trust and Mercury Financial to introduce two new co-branded credit cards. First up is the no-annual-fee Best Western Rewards Visa Signature Card. With this card, customers can 4x points on Best...
Marriott Bonvoy card and a woman on vacation

Marriott Bonvoy Bold Card Launches Travel Contest

Chase and Marriott Bonoy have unveiled a special contest while continuing to offer its best-ever welcome bonus. About the welcome bonus and Bold Chat Court Contest: Marriott Bonvoy and Chase have launched a special opportunity called the Bold Chat Court contest. As part of this contest, 10 lucky travelers will be awarded 500,000 Marriott Bonvoy points (for a total of 5 million) as well as $5,000. For this contest, the...
Bilt and All Reward logos

Bilt Adds 2 New Transfer Partners Including First 3:2 Transfer Rate

Bilt is once again expanding its travel transfer rewards program — and is even breaking the mold with one new partner. About the new additions to Bilt: This week, Bilt launched partnerships with two more travel brands: TAP Air Portugal and Accor. As a result, Bilt members will now be able to transfer their points to Miles&Go and ALL Reward, respectively. In total, Bilt now has 18 transfer partners including 13...