DebtReduction

After a long spell in which one or both spouses were unemployed, a couple with three kids finds themselves $50,000 in debt. Now, with wife and husband back at work, they're aiming to get all their financial pins in a row and bowl a strike. DailyFinance's Laura Rowley offers a strategy for success.

An estimated two-thirds of baby boomer households will receive an inheritance at some point, with a median amount of $64,000, according to an AARP study. I recently received an email from a reader who has fallen deeply into debt in anticipation of her legacy -- and is now worried that her bailout may not be at hand.

There has been a pleasant lull in reporting about the debt ceiling and budget debate, but don't let the quiet fool you. Right now, 11 men and one woman are crafting a plan to reduce the federal budget deficit by $1.5 trillion over 10 years. They are the members of the Joint Select Committee on Deficit Reduction -- aka, the Deficit Supercommittee.

Do you feel as if you're worth less than you were just one year ago? Speaking in a monetary sense, nearly all of us Americans are. Net worth, the result of that calculation which subtracts liabilities from assets to reveal true equity value, has taken a nose dive for most Americans. For some of us,...

Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday. Dear Ken and Daria, I have some credit card debt and have been approached by a debt-reduction company, which says it can reduce my debt 60%-70%. Is this the best way to do it, or should I go...