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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The Surprising Link Between Birth Order and Financial Behavior

What would you say if I were to tell you that I’m an only child? What assumptions would you make about me with this bit of information? Here are a few stereotypes typically assigned to an only child: selfish, spoiled, needs to be the center of attention. On a positive note, some other stereotypes are: mature, independent, high achiever. Rather…

The Conservative Generation? Recession Creates New Type of Millennial

The “Me” Generation. We’ve all heard this less than savory nickname for Millennials. Illustrating the disdain some feel for current new grads and young professionals, they’ve been pegged to be lazy and whiny over extended stays in their parents’ homes and their vocal frustration with student loan debt. But there’s more to the story than meets the eye. In fact,…

What Is the Statute of Limitations on Debt?

Debt can very much feel like a “forever” thing. In the beginning of my debt journey (which is still going on, thanks to student loans), I struggled to imagine a time when I’d be debt free. But one thing I didn’t know was that debt can have an expiration date. The name of this expiration date is a statute of…

The Secret To Financial Success? Time.

Time and Money. Two things there never seems to be enough of. And now it turns out that one may be intrinsically linked to improving the other. How so? A recent study done by Magnify Money and Stanford professor Philip Zimbardo explores the relationship between financial knowledge and financial behavior. Surprisingly, the results don’t point to a higher level of…

What Is a Line of Credit?

One of the most frustrating things about personal finance is the sheer volume of vocabulary one has to learn in order to understand their options. As if it wasn’t difficult enough to understand how everything works in the first place, you have to also memorize a multitude of terms and learn how they differ from one another. And just to…

Double the Debt? Piggyback Mortgages On The Rise

“The more things change, the more they stay the same.” Although the global economy is cyclical, we as consumers have the ability to control our outcomes by learning from the past. Unfortunately, a recent rise in home equity borrowing shows that, for better or worse, consumers are once again feeling more comfortable using their homes as leverage for their finances….