personalfinance

Twentysomethings: It's Time to Declare Financial Independence

As we prepare to celebrate our nation's independence, let's take a moment to think about our individual declarations of financial independence. If you're still ruled by debt, fiscal confusion, and reliance on others, here are a few tips for breaking free.

Obamacare Upheld: How It Will Affect Your Wallet and Your Life

On Thursday morning, when the Supreme Court ruled that Obamacare was constitutional, there was a brief pause as the country took a moment to imagine what this brave new world would look like. Well, Stop imagining, and let us draw you a picture...

How This Family Beat the Recession -- and You Can Too

The recession was brutal to the typical American family: On average, household net worth fell by 39% between 2007 and 2010. But reporter Chuck Saletta's family bucked that trend with these four simple strategies.

6 Practices of Savvy Rewards Cardholders

Rewards credit cards often carry higher interest rates and fees than traditional cards, so they don't make financial sense for everyone. Here's a look at how smart rewards cardholders rack up points or miles-without racking up debt.

Your 7-Step Midyear Money Checkup

With six months of earning, saving, and spending under your belt, you've got plenty of data to project how 2012 is going to play out. So let's lift the hood on your finances and give everything a good once over.

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.

Student Loans: Your 5-Step Plan to Pay Them Off

The economy seems to be turning around for recent college grads, so members of the class of 2012 may have the cash to make a dent in their massive student loans. Now all they need is a plan.

Can a Spending Splurge Help You Reach Savings Success?

Every dieter knows you sometimes have to give in to your cravings on the long road to a weight loss goal. Turns out the same principle applies to personal finance: A splurge now and then can actually help you attain your budget and savings goals.

3 New Ways to Get Real Help On Your Underwater Mortgage

Good news: The housing market is looking up. Bad news: Nearly 11 million mortgages are still underwater. More good news: Real help for those homeowners is finally available. More bad news: Getting that help can be baffling. Extra good news: Jean Chatzky's here to help.

Lowest Prices? That's Amazon, Not Walmart, Say Value Shoppers

When it comes to currying favor with America's value shoppers, Amazon is eating Walmart's lunch. The world's largest retailer has seen its low-price rep decline over the past 2 years, while the world's largest e-tailer has soared, according to an online survey.

Obama on Personal Finance: First Car Had 'a Big Hole in the Floor'

Mitt Romney's net worth: $200 million. Barack Obama's response to Romney's claim that the president's "out of touch" with the concerns of ordinary Americans: Priceless. "I bought my first car for about $900," said Obama. "It had a big hole in the floor that allowed you to see the road, so I knew my wife wasn't marrying me for my money."

Who Are the Nation's Biggest Suckers? Lottery Players

As bizarre as it sounds, 21% of American adults agreed with the statement: "Winning the lottery represents the most practical way [for me] to accumulate several hundred thousand dollars." Those 21% couldn't be more wrong.

The Best Reason to Bank Locally: Better Deals

Still banking at one of the "too big to fail" institutions? According to Bank Deals blog and DepositAccounts.com, for the best yields on checking, savings and CDs, you'd do better looking locally. For example, consider these three deals available right now.

What Blue States Can Teach Red States About Credit

It's not just politics that defines the differences between Republican-leaning "red states" and Democrat-leaning "blue states" -- and some of those differences may surprise you. For example, when it comes to credit scores, blue states are where the smart money is.

Can't Get a Mortgage? Blame Your Student Loans

With college costs high and rising, more students are putting themselves deeper into debt than ever. But those huge debt loads don't just pressure graduates to find high-paying jobs: They're also making it nearly impossible for many of them to get mortgages.

Mother Nature Saved You at Least $47 This Winter

With less than one week until winter is officially over, Americans are celebrating the end of the season with an extra "spring" in their steps. What's got them feeling so happy? Two words: fatter wallets, thanks to warmer temperatures and lower heating costs.

Family Money: How to Cash In on Your Old Electronics

Every day, Americans throw out more than 350,000 cell phones and 130,000 computers. But we're passing up a tidy sum -- plus some potential tax deductions -- by dumping them in the trash or leaving them to gather dust.

Rules of Engagement Rings: How to Save on Bridal Bling

The average diamond engagement ring costs $3,500, but those prices don't appear to deter those in love. Still, you don't have to overspend en route to "I do." Soon-to-be-wed DailyFinance reporter Ross Urken did his homework before hitting the jewelry store, and shares what he learned.