opportunity cost

Money Terms to Know: Opportunity Cost

It's Financial Literacy Month, so throughout April we'll be examining key economic concepts that affect your everyday finances. Today's term: opportunity cost.

What to Do First: Save or Pay Down Your Debts?

For many households, it's a personal fiance dilemma: Should they try to pay down debt first, or build up savings? In the aftermath of the Great Recession, opinions have clearly tipped toward the ditch-your-debt side. But that's not always the right answer.