paying down debt

13 Financial Resolutions for Retirees in 2013

Being retired means not having to worry about waking up early to get to work. But retiring doesn't mean its time to quit worrying about making your money work as hard as it can.

13 Financial New Year's Resolutions to Keep in 2013

When it comes to keeping New Year's resolutions, plenty of us don't have such great track records. But most people who made financial resolutions in 2012 kept them, which makes them a smart addition to your annual ritual. To set the stage for your success in 2013, here are 13 resolutions to consider.

Shedding $120,000 in Credit Card Debt Saved Her Life

When Franny Bostick thinks back on where she and her husband Jim were six years ago, with more than $120,000 in debt on 13 credit cards, she shudders. They not only faced financial ruin, but she also was on her way to a potentially catastrophic health crisis. But they turned it around. Here's how.

Credit Card Debt Payoff: How She Shed $32,000 in 22 Months

In 2008, when the foreclosure crisis was raging, Simone Griffin spent her days counseling homeowners behind on their mortgage payments, and her nights worrying about the precarious state of her own finances: $32,000 in debt on two credit cards. Then came her "scared straight" moment.

11 Personal Finance Equations Everyone Needs to Know

Math class may have seemed pointless back in the day, but it turns out all those equations are quite useful when it comes to solving money problems. We've rounded up 11 equations that you could be using every day to get your finances on track, and keep them there.

Do You Have More Debt Than the Average American?

A new study shows that individual debt is falling at the fastest rate in nearly 50 years. But not everyone is contributing positively to that statistic, and many Americans are still struggling with overwhelming debt.

What Happened When This Guy Paid His Student Loan in Cash

Last week, a Reddit user posted a photo of a $114,000 student loan bill-paid in cash-that elicited thousands of comments. Since then, the anonymous alum has stepped forward as Alex Kenjeev, a 2009 law school graduate of the University of Toronto.

How I Paid Off $27,000 in Credit Card Debt in Two Years

Getting your finances under control on a tight budget is hard, But as Dana Burgess shows, it can be done. Here's how she racked up $63,000 in credit card debt, how she's digging her way out, and how she learned to enjoy living on less.

5 Lesser-Known Ways to Boost Your Credit Score

Credit scores affect many aspects of our lives -- more than you may think. Paying bills on time and staying well below your credit limits are sure-fire ways to build and maintain good credit. But there are some lesser-known strategies to boost your score as well.

Should You Cash in an Annuity to Pay Off Your Debts?

Stacy is on a fixed income. She could free up more cash if she paid off her credit cards and mortgage. Should she cash in an annuity to make that happen? DailyFinance's Laura Rowley explains the key factor Stacy should consider in making the decision.

3 Ways to Make the Most of a Payroll Tax Cut

Although GOP senators have blocked action on Obama's $447 billion jobs bill, parts of it may yet get enacted, including an extension and expansion of a payroll tax cut that would put hundreds of dollars more a year in the pockets of ordinary American workers. Here are three smart ways for you to earmark that cash for your future.

Will the Layaway Revival Come Back to Bite Retailers?

Layaway became obsolete in the bubble years, an anachronism from bygone times when many consumers couldn't access credit. In today's rough economy, layaway is making a comeback for the holidays. But for investors who hold certain retail stocks, this may mean lumps of coal in their portfolios.

What to Do When Credit Card Bills Devour Your Paycheck

Credit card debt is tough to avoid -- and tougher to escape. We received an email from a reader who owes $20,000 on her cards, and spends a third of her income on those payments. Credit expert John Ulzheimer offers a legitimate method for her to reduce monthly costs and get out of the red.

Helping a Caregiver Climb Out of Debt

Joe did right by his mother in her declining years, but half a decade of expensive care for her has left the 53-year-old in a financially precarious position. Money and Happiness columnist Laura Rowley offers him a step-by-step plan to get out of debt and back on track for his own retirement.

What Will You Do With Your Tax Refund?

For more than three-quarters of U.S. taxpayers, the silver lining of tax season is the refund check. This year, the IRS says the average refund is just under $3,000, and many people will use theirs to pay off debt or cover expenses. But for others, the arrival of that money will mean an opportunity to save or invest.

20 Metro Areas With the Worst Credit Card Debt

Equifax has ranked the U.S. metropolitan areas that are still suffering the most from high credit card debt, and found the majority of the areas with the highest debt-to-income ratios are located in six states. But the six might not be the ones you'd guess.

Put These 12 Financial Resolutions for 2011 on Your List

After the Great Recession and with volatile stock markets and unemployment keeping Americans jittery, more people are ready to commit to improving their personal financial situation in 2011. Here are a dozen steps that can help put you on the road to fiscal security.

Cash is king — again

The numbers are rolling in, and by all accounts, Americans have finally bucked up and told their credit cards, "It's not me, it's you." While...

The road to financial freedom...

So here's the deal. We're broke. Not poor, just broke. We live paycheck to paycheck and it's just rough. We can't live like this forever. It's not...