When the federal government handed out the first student loans in 1958, the message was simple: This money is to be used for education purposes, meaning tuition, books, fees, supplies and living expenses such as room and board. No mention was made of using ...

A very rich person once said, “We don’t pay taxes. Only the little people pay taxes.” Her name was Leona Helmsley. Guess what? She went to jail for not paying taxes. So can you, though the odds aren’t as high as Helmsley, the hotel tycoon who ...

You’re a hard-working single mom, and your refrigerator breaks. You don’t have the money to fix it and the Tooth Fairy didn’t leave $1,000 under the pillow for one of those gleaming new 2-door uprights at the box store. Deadbeat dad is nowhere in ...

Where to live at college is annually one of fiercest arguments in every household, but if you think you’re going to win a debate between dorms and apartments based on financial reasons alone, think again. SPOILER ALERT: The competition is too close to ...

Compound interest is a powerful tool for building wealth. It’s also a devastating tool that can destroy wealth. It just depends on which side of the financial equation you use it. On the positive side, compound interest makes the return on investments ...

Fed up with being in debt? Congratulations. Rearranging your mindset is the first step to managing, then eliminating, your money troubles. Dumping debt may require a lifestyle change, but we’re going to give you a look at some new ways to do it, jobs and ...

Mom or Dad were good at saying vague things like “Don’t bite off more than you can chew,” or “Your eyes are bigger than your stomach.” Or specific things like, “Double cheese fries and 64 ounces of Mountain Dew … really?” But it turns out ...

If you’ve got debt in America, you’ve got company. A new study reveals that 80.9% of baby boomers, 79.9% of Gen Xers, and 81.5% of millennials are carrying credit card debt and that can invite chaos into an orderly life. We might as well run up a red ...

Bankruptcy is a life-changing experience, but if you want it to be a positive one, it’s best to know what NOT to do before filing. Too many consumers attempt to skirt bankruptcy laws by trying to hide or give away assets that should be part of their ...

If the pile of bills you’re dealing with from credit card companies has grown out of control, it might be time to consider a debt consolidation loan. In many cases, it could be the best way to pay off what you owe while lowering the interest rate and ...