RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Excessive Vacation Spending Can Damage Credit

June 22, 2015 2:03 am

It’s no secret travelers tend to spend more money when vacationing, but a recent Experian survey finds that the majority are relying on credit cards to make up the difference. Findings from the survey show that most travelers prefer to use credit than debit cards and cash for expenses like lodging, airfare, entertainment and dining.

"People want to come home from vacation with happy memories, not with unanticipated and unmanageable credit card bills," says Experian Consumer Services President Guy Abramo. "Racking up excessive credit card debt without a plan to pay it off can put people, especially millennials, in a bind that could affect their financial health and credit status for years to come."

According to the survey, millennials rank higher when it comes to risky vacation spending. Nearly three-quarters of millennials report spending more than expected when traveling, and one-third report not saving in advance of a vacation. More than half are strapped with credit card debt once the holiday ends.

Source: Experian Consumer Services

Published with permission from RISMedia.


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The Download on Digital Dwellings

June 22, 2015 2:03 am

Homeowners today are more plugged in than ever, incorporating technology into their digs like never before, says Moen Senior Director of Consumer and Marketing Insights Jack Suvak. A recent survey conducted by Moen explored the smart home trend, concluding that homeowners could make smart home technologies must-haves in the future.

"With easy access and the increased availability of smart devices, consumers are able to transform their homes into personal data epicenters, with instant access to news and up-to-the-minute information from family and friends," explains Suvak. "Our research found consumers own about seven personal digital devices, proving there is a definite demand for not just these devices, but the seamless integration of technology into the user's everyday life. In fact, 57 percent own one or more home-based smart devices like thermostats, security systems and televisions."

According to the survey, digital devices make many homeowners feel smart, organized and efficient. But there is such a thing as being “too connected”–more than three in 10 consumers surveyed found being tethered to a smart device made them feel anxious and tired.

"It's possible that as connected home devices improve, and become almost second nature, there is a greater likelihood negative opinions could move toward more positive feelings," Suvak says. "Maintaining a constantly 'turned on' mentality can be stressful, but as brands improve applications, and the technology behind connected home products becomes more intuitive and integrated, we may see a shift in how homeowners perceive and interact with these products in the future."

Source: Moen

Published with permission from RISMedia.


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