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How should athletes manage their money?
Tess Vigeland May 8, 2012
A money manager who works with athletes says the basic rules of sound personal finance still apply, even if you're making millions.
Student debt burden hits $1 trillion
Sally Herships Apr 25, 2012
At $1 trillion nationally, student debt surpasses credit card debt and car loans, and it can be a serious drag on the economy.
Guides for a personal finance novice
Chris Farrell Apr 23, 2012
I am 50 years old, and unfortunately, a bit of a financial novice. I have never invested, never budgeted and never really had my money work for me. I am a professional, in my own private practice and earn close to or more than $100,000 a year. I am looking for some good source(s) that may, by reading or watching videos, make me a more informed steward of my money. Ed, Cardiff, CA
Financial literacy: No time like the present
Chris Farrell Apr 20, 2012
Commentator Chris Farrell thinks there's no time like the present to get smart about your finances.
Spending your windfall: What to do with found money
Adriene Hill 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.
How to save for the year of weddings
Angela Kim 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.
Financial literacy and low-income families
Chris Farrell Apr 6, 2012
Low-income families don't have money to waste. Financial literacy is all about reducing that cost.
Senator Dick Durbin on student loans and student debt
Jeremy Hobson 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.
Emergency savings: Expenses or aftertax salary?
Chris Farrell 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
Student loan debt collectors under the microscope
Kai Ryssdal 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.
