These moves can help you avoid years of back-breaking interest.

It’s that time of year when we look back on what we have and haven’t accomplished and decide what to tackle in the second ...

NEW YORK (AP) — The start of a new year usually brings new motivation to achieve goals like eating healthier or finally cleaning your basement. Many resolutions also focus on financial goals, such as ...

"Less ideal debt" is for buying an asset that drops in value, like a car loan, or has a high interest rate, like credit cards. "Necessary debt" is used to buy an asset that can rise in value, like a ...

Debt levels in the U.S. are climbing higher than ever, and the strain is being felt across millions of households. Borrowers are carrying larger balances overall in terms of their debt loads, and ...

It's the time of year when even the best-laid budget plans get thrown aside, and credit-card balances start climbing. During the holiday season, it's common to set expectations high, which can easily ...

Shot of smiling beautiful businesswoman working in call center. Shot of a adorable asian woman working in a call center with a male colleague. Reducing debt can feel overwhelming, especially when ...

Should I prioritize paying off my smallest debt first or the one with the highest interest? When you’re staring down a mountain of debt, it’s only natural to want to get to flat land as quickly as ...

These days, it can feel impossible to stay on top of credit card debt. The cost of living is going up, inflation is on the rise and job growth is slowing. And more Americans are falling behind on ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...