paying down credit cards

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.

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.

Paying Off Our Plastic Is Killing the Economy

Here's the good news: American consumers are finally starting to reduce their reliance on credit and pay off their high-interest debt -- a positive development for their financial futures. The bad news: More money in people's pockets means less overall spending in the economy, which desperately needs the cash right now. How might the tension be resolved?

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.

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.

Finding the cash to pay down debt

People frequently tell me they'd love to pay down debt using the snowball effect or the round robin strategy, but they just don't have the extra...