Author Archives: John McNamara

T-Mobile Leaves Competitors Trailing Behind

The cell phone industry in the United States and in other countries around the world has become increasingly competitive over recent years. With more and more people looking to take up smart phones and tablets, the big name network providers are battling it out for the biggest slice of the pie when it comes to […]

Bank Fees As Expensive as Payday Loans

If you think the payday lending industry charges its customers high interest rates and exorbitant fees then consider overdrafts from financial institutions. Over in Great Britain, using a bank overdraft can be just as expensive as borrowing a payday loan, according to a new report from consumer group? The consumer organization provided an example from […]

Tips to prioritize expenditure

During these difficult times, it is important to take control of your budget. While it might seem impossible to live on what might seem like a shoestring, we can prioritize our expenses and get what we need without making much sacrifice. Here are a few tips that can help you stay out of trouble and […]

How to select the right savings plan for yourself

Whatever your walk of life or long-term goals, there are so many different savings plans to choose from. There are all kinds of accounts offering vastly lower and higher return rates, different levels of security, and customized options to ensure your expectations are met and hopefully exceeded. With varying interest rates, terms, penalties, and minimum […]

5 Tips for Maximum Tax Savings

It’s March again. Which means you only have one month left to file your taxes. Banks and employers are already frantically at work tallying last year’s earnings and taxes so they can ship those W-2’s and 1099’s out the door in time. What can you do to prepare for tax season early? Here are 5 […]

How Much is Too Much Student Loan Debt?

There are two basic categories of families in the United States. One is where most people have not gone to college. To them, a college education is the doorway to a better life, with wealth, an interesting career, and greater social standing. The other type of family is one in which most people have gone […]

When is a Reverse Mortgage a Good Option?

Surveys suggest that the vast majority of seniors would like to stay in their own homes. Yet real estate is generally a family’s biggest asset, and not tapping into it can lead to a lower standard of living for the seniors involved, perhaps forcing them to sell earlier than necessary. The way to get money […]

What Does It Mean if a Loan is “Upside-down”?

It is said that new cars lose value as soon as you drive them off of the dealer’s lot, and for some reason it’s quite true. A new Dodge Grand Caravan can easily run you $25,000-30,000. The price dips to $20,000 just 20,000 miles later. One might argue that this is a good reason to […]

What Loans are Canceled When I Die?

Unlike corporations, individual lives do eventually end. When they do, their assets and debts become a temporary legal entity called an estate. How long the estate lives depends very much on what type of assets it holds and how they will be distributed. If the estate owns patent, the estate could be around for a […]

When Does a Home Equity Loan Make Sense?

Home equity loans are so tempting. Every bank tries to sell them. If you’ve lived in your house for years, that amount can come to a very large sum. Plus, the line that “the interest may be tax deductible” is all too much. Yet the burst of the housing bubble revealed a very dangerous aspect. […]