paying off debt

This Couple Paid Off $92,000 in Credit Card Debt in 5 Years

It was 2005, and Jerry Bailey and his wife, Sue, had rung up approximately $92,000 in charges on their 17 credit cards. But when the minister from Jackson, Mich., realized how deep a hole they had dug for their family, the couple chose a hard path -- working to pay off every cent.

Women and Money: How You Can Close the Financial Gender Gap

Women are falling behind men in the nitty-gritty of financial management, which is surprising, since they so often have the power of the purse. Here's what financial advisor Nicole Seghetti discovered women want in terms of their personal finances -- and what they need.

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.

This Family Needs a Post-Unemployment Debt Reduction Plan

After a long spell in which one or both spouses were unemployed, a couple with three kids finds themselves $50,000 in debt. Now, with wife and husband back at work, they're aiming to get all their financial pins in a row and bowl a strike. DailyFinance's Laura Rowley offers a strategy for success.

It's Time for a Mid-Year Financial Checkup

On New Year's Day, you had plans -- promises to get your finances in order in 2011. Today, check your financial pulse: Where do all those good intentions stand? Ask yourself tough questions then take action. The experts tell you where to begin.

Consumer Credit Use Falls for Fifth Straight Month

Consumer credit use fell another $1.3 billion in June, the Federal Reserve said, as Americans once again kept their credit cards in their wallets. But the belt tightening was less than expected: Economists had predicted credit would contract by $5 billion.