FamilyMoney

Mitt Romney's net worth: $200 million. Barack Obama's response to Romney's claim that he's "out of touch" with the concerns of ordinary Americans: Priceless. "I bought my first car for about $900," said Obama. "It had a big hole in the floor that allowed you to see the road, so I knew my wife wasn't marrying me for my money."

NBC's Today profiles one American family living just above the poverty line, but quite happily and comfortably. Watch author and self-professed cheapskate Jeff Yeager's take on such extreme thriftiness to see if you can learn anything from Jennifer and Michael, who claim to have found a simpler, more satisfying existence.

Nearly everyone is feeling the pain of high health care costs. Between 2003 and 2010, the cost employers paid for family coverage rose 50% and employees' share of the tab increased 63%. That's money siphoned away from the rest of the economy.

According to the Department of Health and Human Services, those of us who reach age 65 will have a 40% chance of entering a nursing home, and 10% will stay in one for five years or more. So does this mean you need long-term care insurance?

Your sweetheart may be keeping a big secret from you, and it's not that there's some other guy or gal. It's the truth about their money. According to new poll from the National Foundation for Credit Counseling, 24% of respondents wouldn't tell their spouse if they were experiencing financial difficulties.

Most parents know how important it is to choose a guardian to take care of their children in case something terrible happens. But what about your children's financial needs? There needs to be a plan in place for those, too. That's why parents should consider creating a trust. Here's what you need to consider.

U.S. credit card debt shrank 5% in the second quarter from a year ago, approaching 10-year lows. It's not just due to banks, which have written off uncollectible debts. Learn how consumers are taking control of their finances and how you can too.

As the new school year approaches, families head to the shops for new supplies. But the back-to-school shopping season can be hard on the wallet. Follow these money-saving tips from moms across the country and you'll have plenty of cash left for apples for the teacher.

Buying your teen a first car is fraught with emotions, and even more laden with financial implications: Used or new? Who pays for what? How much input does the new driver get in the purchase decision? How can you get the best deal on insurance? We surveyed the experts to get those answers and more.

Officials are warning people to be careful of an old con that's popped up again -- the call forwarding scam. Victims often think they're doing a kindness to a stranger or for a friend. The phone rings, usually late at night, and callers tell the victim someone has been injured, and to contact an...