Apr 20, 2012 Deciding how to spend inheritance or a sudden windfall isn't as easy as it may seem. CBS MoneyWatch's Jill Schlesinger helps a listener make some important decisions.
Apr 6, 2012 Going to a wedding can be fun but going to multiple weddings in one year can get expensive. Marketplace Public Insight producer Angela Kim has been to her share of weddings and discusses her experience.
Apr 6, 2012 Low-income families don't have money to waste. Financial literacy is all about reducing that cost.
Mar 30, 2012 The amount of outstanding student loan debt in this country has reached $1 trillion. And if you scan the headlines this week, you'll find school after school raising tuition, which will almost certainly send that $1 trillion number up even further.
Mar 26, 2012 Are debt collectors working for the Department of Education letting debtors know their rights? Bloomberg's John Hechinger discusses the rights of borrowers.
Mar 26, 2012 I'm a 36-year-old single professional in the DFW metroplex that tries to think long-term in my financial planning. I put 12 percent of my around $100,000 salary into my 401(k) with company match. Currently, the retirement fund is valued at about $100,000. I owe about $12,000 on my student loans (4.25 percent fixed interest, originally $80,000) and I have about 27 percent equity in my $180,000 town home. I recently refinanced my home at 4.125 percent for 15 years. My credit card debt is maybe $1,000. After surviving a layoff well (due to a generous severance in the Great Recession), I was scared straight once I started working again. I now have about $15,000 in an emergency fund and next year's bonus will go to this, too. So I have three questions: 1) Do I need 6 months of bills or 6 months of salary after tax? 2) Should I park this in savings? Or is there a better financial instrument? 3) Is the emergency fund a higher priority than nuking the graduate school debt? I appreciate your guidance. Keith, Plano, TX
Mar 7, 2012 University budget cuts are driving more students to for-profit colleges, but the debt load there is often higher and future prospects slimmer.
Mar 2, 2012 Tess talks with personal finance commentator and artist Carl Richards in front of a live audience in Park City, Utah.
Feb 10, 2012 A new study reports that student debt in this country could be the next “debt bomb," a major economic threat not unlike the mortgage crisis. And this time, there’s no way to get rid of the debt through bankruptcy.