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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Years After the Great Recession, Positive Financial Habits Emerge

The past few years have been pretty tough for many Americans’ finances. The Great Recession of ‘08 led to a drastic increase in foreclosures, job cuts for experienced professionals, and a near impossible job market for new graduates. And now, 5 years later, though many are still struggling with debt and worries about future retirement, positive signs are emerging. As…

CFPB Warns Against “True Cost” of Credit Card Promotions

It’s no secret at the ReadyForZero office that math isn’t my strongest subject (though I’m on a mission to never say “I’m bad at math” again). I’m fine with basic math and budgeting, but as soon as I have to start calculating deferred interest, compound interest, and the like, my brain wants to shut down. That’s how just a few…

What Is Wage Garnishment? (How to Deal When Debt Leads to Lost Pay)

When I was a little kid, I used to listen to adults using financial terms and totally panic. “How could I ever understand what these things mean??” I would think. I vividly recall reading the biography of U.S. gymnast Dominique Moceanu and how her family put a second mortgage on their home to pay for her athletic training. At the…

ReadyForZero Launches Its First Ever Android App!

After months of hard work prompted by many requests from people like you, we’re happy to announce the release of our very first Android app! And we’ve already heard some great feedback from users! “I really like this!!!! So easy to use.” “Very crisp and responsive UI and very pretty. So far, I’m impressed.” Enjoying seeing my goals to be…

Generation Mortgage: Why Gen X Is In More Debt

One thing I notice when reading the news is that people love comparisons – especially when it comes to debt. We compare “good debt” to “bad debt”, we compare levels of debt from year to year, and we compare generation to generation to see who really has it the worst. While comparisons are important for understanding the problems that need…

Are You One Of 800,000 Americans Who Could Benefit From HARP?

With the prevalence of phone and internet scams these days, it’s no wonder that most consumers have a total lack of trust for any financial product or incentive that comes their way. Unfortunately, that means consumers can also miss out on financial incentives that could actually benefit them. Case in point: The Home Affordable Refinance Program (HARP) According to an…

How 3 Pro Athletes Overcame Extreme Debt

Thanks to my Ohio roots, I’ve always been a huge football fan (Who Dey!). From going to Friday night football games as a kid and all through high school to my ritual of watching football all day on fall and winter Sundays, this is a hobby that I’ll never grow tired of. And for those who aren’t fans, there’s another…

Selling a Dream: The Trouble With For-Profit Education

For as long as I can remember, I wanted to be a college professor. I dreamt of days sharing the glories of literature with students and nights toiling away grading papers and writing books. There was just one small thing standing in my way: the meager (if not nonexistent) chance an English Lit PhD actually has of actually becoming a…