What’s Your Student Loan Advice for a Recent Grad?

Aileen Perilla/The Penny Hoarder Dear Penny, On Aug. 2, I graduated from college with my bachelor’s degree in health care management. I am currently looking for a job and would like some advice on how...

Should I Pay Off Debt or Go on Vacation to Iceland?

Dear Penny, I am a restaurant worker and writer on disability who has managed to save up nearly $1,000 earmarked for a vacation to Iceland. However, I have some credit card debt I’ve been struggling...

I’m Behind on Everything. How Do I Catch up on Bills?

Dear Penny, We are currently behind on all of our bills after some life events put us in a $2,000 hole. We cannot get caught up.  We have three little kids, and I cannot get approved...

How Do I Say No to Family Asking for Money?

Dear Penny, I have been the only one working since my wife and I had our first child, and it is stressful at times, especially when I’m laid off.  We just bought our first home together,...

How Do I Start Rebuilding Credit After Bankruptcy?

Dear Penny, I am about to file for bankruptcy. My lawyer tells me if I continue to keep my home and car payments current that in 24 months my credit score will increase.  During that 24...

What’s the Best Way to Build Credit From Scratch?

Dear Penny, What’s the best way to get my credit started? Some of my friends say to start off with something like getting a phone or with layaway. Are they right, or is there a...

Is a Reverse Mortgage Ever a Good Idea?

Dear Penny, I am a 65-year-old, semi-retired single female. Because of my personal and financial situation at the time, I started collecting my Social Security. I needed it to supplement my part-time income in order...

How Do I Tell My Mom She Can’t Afford to Retire?

Dear Penny, I recently spent time with my mother, who is 67 and is planning on going into semi-retirement soon. I asked her about her financial plans for retirement and what she told me has...

If I Pay Myself Interest, Should I Take a 401(k) Loan?

Dear Penny, Our 401(k) lets you borrow from the plan and pay yourself back at 7% interest. Given today’s sometimes dismal returns, it seems like a good way to pay off some debt or make...

Will I Ever Retire After Co-Signing a Student Loan?

Dear Penny, I’m hoping to retire in four years. I have $3,000 in credit card debt and $60,000 in auto and RV debt. I’m planning on selling my house and using the equity to buy...

My Fiance Made Me Sole Breadwinner by Default

RODCHENKOV DMITRIY/Getty Images Dear Penny, My fiance lost his job nearly six months ago and got a decent severance payout. We used most of the money to pay off debt and have been surviving on...

Should I Open Store Credit Cards to Score Discounts?

Tina Russell/The Penny Hoarder Dear Penny, I’m in my mid-20s, and I’ve never had a credit card. Whenever I’m shopping, I get offers for 15% or 20% off if I open a store credit card,...

I’m 54 with No Retirement Savings. What Do I Do?

Dear Penny, I just turned 54. I have never had any kind of retirement plan aside from saving money where I could. I have about $30,000 lying in a savings account that’s really doing nothing....

How Long Does Bankruptcy Stay on Your Credit Report?

Dear Penny, In 2011, I declared Chapter 7 bankruptcy. Since then, I’ve obtained three new credit cards and pay the balance in full. My credit score is now 742. How long will the bankruptcy stay...

I’m Retiring With Student Loan Debt of $84K. Help!

Dear Penny, I owe about $84,000 in student loans, and for several years I’ve only paid the interest because it was what I could afford. I currently pay $224 per month. I’m 60 years old...
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