joncmac

Jon McNamara is the CEO of needhelppayingbills.com, a company that he started in 2008 and that specializes in helping low income families as well as those who are in a financial hardship. He also found NHPB LLC, a company committed to helping the less fortunate and is the Vice President of Billhelp.uk. Every piece of content on this website has been reviewed by him before publishing and many of the articles he has personally written. Jon is the leading author for needhelppayingbils. Find more information at https://www.needhelppayingbills.com/html/jon_mcnamara.html

Baby bonds – savings accounts for newborns

I think one innovative idea out there is to create “baby bonds” for newborns. I read about this concept in the Sunday Times, and I have always been a huge fan of the general concept of investing money as soon as a kid is born. It can be a great tool to help build wealth and savings for future generations, encourage financial literacy, form a quasi-retirement account, and there are many other advantages to the concept. What is a baby bond, or more importantly what is the concept all about? …

Your share of the national debt is almost $70,000

In February 2019 the total US debt crossed $22 trillion dollars. The annual deficit is now over $1 trillion dollars. This means that each and every American (regardless of your age) owes about $70,000 to the creditors who have loaned this country money. The amount that you owe is also increasing rapidly due to interest compounding as well as new debt being added to the pile. Note that the $70,000 dollar does not even include any debt that you may owe from your local city, county, state, or other municipal …

Rich privileged people

I am sure most people have read (or heard) the news about the college admission scandal. Or at least I hope people have read it as this is a major news story and it is very beneficial to be knowledgeable and keep up with the news. The story involves rich parents who in effect bribed officials/coaches/test takers, etc. at a number of universities so that their child could go to said school. The bribes were paid to the colleges through an intermediary. This entire event is outrageous and disgusts me. …