Author Profile: Shannon

Shannon

Shannon, Community and Customer Support Manager at ReadyForZero. Shannon McNay is a transplanted Midwesterner living and writing in San Francisco. She enjoys writing about personal finance and many other topics while helping ReadyForZero users pay of their debt.

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Where is Your Tax Return Going This Year?

Tax time is a funny time of year. I often spend the weeks leading up to April 15th dreading the task ahead. The day I have my taxes done, the dread turns into fear – will I owe anything? Am I about to go broke in five minutes? Then, if I find out I’m actually getting a return, trepidation turns…

Are We All Secretly Suffering from Financial Anxiety?

Financial anxiety is a feeling I know all too well. In fact, I can hardly remember a time in my life when I didn’t feel financial anxiety. Even when my finances are feeling stable, instead of enjoying them I worry about how long they’ll be stable and whether or not I’m doing enough to prepare for the future. In other…

Couponing Tips for Non-couponers

The word “couponing” tends to incite drastic opinions. Most people are either in favor of it (who can live without couponing!) or very much against it (who has time for that?). If you find yourself veering towards the latter, check out some of the tips below. We’re talking about finding a way to turn couponing into a smart money saving…

Overdraft Fees Are Becoming Less Common… But More Expensive

Confession time: I used to be a personal banker. But before I could sit down and help people with their finances one-on-one, I first had to pay my dues as a bank teller. While I didn’t mind that at all, there was one aspect of the job that I deplored: calling people to tell them that their accounts went negative….

What’s Driving the Decline in Private Student Loan Default?

Positive news on the student loan front! Private student loan default – specifically, defaults of 90 days or more – are on the decline. According to data compiled by Moody’s Investor Service and reported by Collections&CreditRisk, the rate of people with private loans staying in default past 90 days has dropped to 3.4%. So the question is, why are students…

How to Avoid Scams (Phone, Email, and Mail)

In light of the recent scam hitting 2 million taxpayers nationwide, it’s now more important than ever to protect your identity from scammers. The problem is, they’re getting savvier by the day and consumers need to be vigilant to stay one step ahead of them. How can you do that? Given the variety of ways a scammer will now try…

Battle of the Budget: When Emotions Win Over Logic

I have a confession to make. Last week, I totally blew my budget. Not in a small, Oops, I’ll make up for that later kind of way. More like a, ohmygoodnessdidaliensinvademybrain?? kind of way. It happened after a long day at work, a less than ideal emotional state, and with the aid of much rationalization. And then, in a matter…

This Is How Americans Rank Their Debt… Surprised?

A recent TransUnion Report shows that Americans are changing the way they rank their debt. In the years following the economic crisis in 2008, many focused on paying down their credit cards first – but now they’re shifting their attention to collateral-tied debt such as mortgages and auto loans. These types of debt tend to have larger balances and lower…