Should You Refinance Student Loans? This Woman Saved Thousands

When she started college, Sarah Ann Stanley didn’t know much about student loans. She was the first person in her family to get one. “You need the money,” she recalls, “so you take the loan.” It...

How New Credit Impacts Your Credit Score

Your credit score determines your eligibility for loans, credit cards and even renting a house. Credit reports are determined by a company called FICO, which assigns a three-digit score showing lenders whether giving you...

There’s a Gender Credit Score Gap. Here’s How to Close It

We talk about the gender wage gap, but what about the gender credit-score gap? The median credit score for men is 22 points higher than for women, according to a Federal Reserve analysis. In an ideal...

Only 1% of Americans Have a Perfect Credit Score. Here’s How to Join Them

Slava Olshevskaya/Getty Images It’s the mountaintop. It’s a badge of honor. It’s a totem of success. It’s like finding a four-leaf clover. It’s the tippy-top — the cream of the crop. It’s a perfect credit...

What Is Chapter 13 Bankruptcy? Here’s a Beginner’s Guide

PeopleImages/Getty Images We hear about bankruptcy in the news all the time. But the type we hear about most, Chapter 11, is what businesses typically use to restructure their debts. Chapter 7 and Chapter 13...

Let This Financial Assistant Reduce Credit Card Interest for You

Christine Culver looks out a window of her home in her Alexandria, Va. She’s in a much better place financially now than six years ago, after a divorce and a stretch when money was...

I Need Help With Debt, but I Don’t Know Where to Start

Dear Penny, I am in a horrible spiral. We first got into debt when my husband and I agreed I should stay home to care for our first baby. Without my income — and with...

How Credit Card Rewards Trick You Into Overspending

Kelly Fedynich of Morristown, New Jersey, loves to travel. The teacher, 28, had used a rewards credit card before....

Zero-Based Budgeting Makes You Account for Every Dollar You Earn

Here’s a simple question for you: Are you spending more than you earn each month? Let’s get even more...

5 Steps Anyone Can Take

If you’ve got so many debt collectors calling and demanding money that you’re afraid to answer your phone,...

Considering Chapter 7 Bankruptcy? Here’s What You Need to Know

Filing for bankruptcy is never an easy choice. But sometimes, it can feel like the only way to...

Here’s the Skinny on Filing Bankruptcy and How it Affects Your Life

“I. Declare. Bankruptcyyyyyy!” As Michael Scott learned in “The Office,” getting rid of debt isn’t as simple as that declaration. Wouldn’t that be nice? Many people think of filing bankruptcy as an easy way out. But...

Tips and Methods You Need to Know

So you’re falling behind on your credit card payments. Hey, it happens to the best of us. We’ve...

The 7 Best Finance Podcasts for Anyone Trying to Pay off Debt

There are some great personal finance books out there. But who has time to read them all? Sure,...

Debt Relief Programs Sound Great, but Here Are 4 Things to Know

You’re 30, 60 or maybe even 180 days late on your credit card payments. Creditors are calling, interest is...

How to Pay off Credit Card Debt When You’re Feeling Overwhelmed

We know how easy it is to rack up credit card debt. Over 41% of American households carry...

These 6 People Modified the Debt Snowball Method to Pay Off $171K

There are two main approaches to paying off debt: the debt snowball and the debt avalanche. With the avalanche...

6 People Who Made $171K Worth of Debt Disappear Using the Snowball Method

There are two main approaches to paying off debt: the debt snowball and the debt avalanche. With the avalanche method, you put your debts in order from the highest interest rate to the lowest one....

This Couple’s Debt-Free Journey Started at Financial Rock Bottom

In 2013, the apartment Tyler Philbrook shared with his wife, Ashley, started to flood from the vacant unit...

Are Credit Card Sign-Up Bonus Offers Worth It?

Dear Penny, I want to take advantage of credit card sign-up bonus offers. I know I can pay the...

How to Catch Up on Bills and Start Paying Off Debt in 7 Steps

So you want to pay off your debt. That’s a great goal! But if you can barely make...

11 Tips From People Who Have Done It

If there’s one thing people who become debt-free have in common, it’s their ability to get creative with...

Are Student Loans for Living Expenses a Bad Idea?

Dear Penny, I’m starting a two-year occupational therapy assistant program that is full time and year-round. I’m 32, and...

How an Accountability Partner Can Help You Pay Off Debt

Friends Sau-Sha Hill and Sha’Kreshia Terrell used to have a game: How many credit cards each could get...

Asking “How Am I Doing Financially?” This Company Will Grade You

When you were a little kid, did you get good grades in school? Be honest, now. Maybe sometimes you...

Here’s How this Guy Cut $7K From His Student Loans Without a Single Payment

Student loans are eating us alive! Every year, more than a million Americans default on them, according to the U.S. Department of Education. If you’re falling behind on your student loans, maybe you should try...

How to Deal If Your Partner Doesn’t Want to Pay Off Debt

When you get married or combine finances with someone, you may think that tackling debt will be easier...

Get Started in Just 3 Minutes

Debt is haunting. What’s even scarier is how easy it is to fall into the cycle of owing...

How Can You Pay off Debt Quickly When You Only Make $60K/Year?

No one wants to spend ages paying interest on debt if they don’t have to. But a lot...

How One Woman Used Her Dad’s Life Insurance Payout to Honor Him

When it comes to getting a large financial windfall from a relative, you hope it’s from a long-lost...

The Smart Way This Stay-at-Home Mom Is Saving for a Trip to Disneyland

Vanessa Worthen just wanted to go to Disneyland. A stay-at-home mom in the San Francisco Bay area, Worthen wanted to start traveling with her two children, a 6-year-old girl and a 2-year-old boy. Naturally, she...

Pay off Your Car Loan Faster by Avoiding These Costly Mistakes

Buying a vehicle is one of the biggest purchases you’ll make. If you’re like most of us, you’ll...

7 Credit Card Mistakes We All Make Trying to Handle our Debt

Let’s just come right out and say it: We all make mistakes. Accidentally dyed your whites a startling...

How to Pay Off $5,000 in Credit Card Debt in Six Steps

If I owe my co-worker $5 for pizza, I feel little angst as I Venmo the payment. But...

How to Get Rid of Debt, Even if You Owe $100,000

Many of us carry credit card debt. It’s an unfortunate fact, and it’s becoming more and more commonplace in...

How This Woman Was Able to Pay Off Debt on a $36K Salary

When Val Breit graduated college in January 2012, she picked up her diploma and a bill for $42,000...

How This Couple Paid Off $83K of Debt Living in Pricy Seattle

The typical equation for paying off debt looks like this: Income – Expenses = Amount you can pay toward...
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