Power of Planning

How I Squandered My Inheritance at Age 18

Lyn Roman inherited a small trust fund, and spent it all in a year. But the lessons she learned from her mistakes, and how she bounced back from them, have been priceless.

How Fast Should You Cut Your Debt?

Determining how fast you can and should pay off your debts starts with a few simple steps -- and first among them is understanding how you got into debt to start with.

5 Extreme Ways People Paid Off Their Credit Card Debts

We all know the usual ways people try to save or generate more money to pay off their debts -- but some people go to extremes to escape those IOUs. We asked credit counselors across the country to share some of the more dramatic approaches their clients have used to get out of debt.

How This Family of 4 Lives Well on Just $14,000 a Year

Danielle Wagasky, her husband, and two kids live well and happily on just $14,000 a year: She's been sharing her efforts to live meaningfully and frugally on her blog, "Blissful and Domestic," since 2009, and was happy to tell us how she and her family make it work.

9 Ways to Teach Teenagers About Money

While some school systems have added financial literacy to their curricula, many have not, and in the end, responsibility for ensuring your offspring are ready for adult financial life is on your shoulders. Fortunately, there are plenty of ways you can add to your teens' practical knowledge.

His Financial Goal: Dump His Bank and Join a Credit Union

Everyone has things they want to improve about their financial lives -- and we in the AOL newsroom are no exceptions. So we asked money expert Jean Chatzky for advice on how to reach our goals. Today: A DailyFinance reporter who's ready to break up with his bank.

Her Financial Goal: Cut Out All Those Small Money Wasters

Everyone has things they want to improve about their financial lives -- and we in the AOL newsroom are no exceptions. So we asked money expert Jean Chatzky for advice on how to reach our goals. Today: An AOL Jobs editor who wants to cut the small, everyday money wasters out of her budget.

Her Financial Goal: Getting an Underwater Mortgage Afloat Again

Everyone has things they want to improve about their financial lives -- and we at DailyFinance are no exceptions. So we asked money expert Jean Chatzky for advice on how to reach our goals. Today: A photo editor looking to modify an underwater mortgage.

Her Financial Goal: Cutting Back on an Online Shopping Habit

Everyone has things they want to improve about their financial lives -- and we at DailyFinance are no exceptions. So we asked money expert Jean Chatzky for advice on how to reach our goals. Today: An real estate reporter with an online shipping habit.

Her Financial Goal: Win at the Refinancing Game

Everyone has things they want to improve about their financial lives -- and we at DailyFinance are no exceptions. So we asked money expert Jean Chatzky for advice on how to reach our goals. Today: An editor who wants to get the best deal on refinancing.

His Financial Goals: Saving More and Paying Down Debt

Everyone has things they want to improve about their financial lives -- and we in the AOL newsroom are no exceptions. So we asked money expert Jean Chatzky for advice on how to reach our goals. Today: A real estate editor who wants to save more and owe less.

Her Financial Goal: Get a Handle on Retirement Planning

Everyone has things they want to improve about their financial lives -- and we in the AOL newsroom are no exceptions. So we asked money expert Jean Chatzky for advice on how to reach our goals. Today: A music editor who wants to understand more about her 401(k).

His Financial Goal: Get Ahead of the High Cost of Higher Education

Everyone has things they want to improve about their financial lives -- even the staff of DailyFinance. So we asked money expert Jean Chatzky for advice on how to reach our goals, and we're sharing her answers with you. First up: An editor looking ahead to college tuition bills.

Estate Planning Lessons Learned the Hard Way

If you ever needed to be reminded of the importance of estate planning, look no further than the story of Chanel Reynolds. Reynolds, a Seattle mother of two, faced financial disaster after her husband's sudden death at 43. So she started a web site to help others get their financial acts together.

How to Avoid Your Next Money Crisis: A 5-Step Prep Plan

Financial frenzies come in many flavors, most triggered by big life changes, fraught with emotion and unfamiliar challenges. But if you let those events lead you to make spur-of-the-moment money decisions, you'll often face even bigger problems down the road.