Going to college or university isn't cheap, and with an average debt of $29,400, many graduates will be paying for their student loans long after graduation day. These states are home to the highest average student debts among loan-carrying, graduating seniors in 2012, according to The Institute for College Access and Success (TICAS). Can you guess which state had the highest?
Adults carrying mortgage loans may plan to keep the mortgage loans to use it for tax deductions. Financial adviser Matt McCoy explains why people do it, and if it is beneficial to keep debt with retirement.
Americans now owe $902.2 billion in car loans, up 10 percent from last year. However, most Americans also repaying their car loans on time.
Credit cards can leave people with a lot of debt and bills to pay off. Chris de Lormier describes how he paid off all of his credit car bills while still having fun.
Mortgage rates for 30 year and 15 year fixed rate mortgages went up, according to the Mortgage Bankers Association. Mortgage rates, however, are still down from the sky-high levels back in 2007 before the Great Recession and the housing market collapsed.
Financial advisers stress that there are several money lessons everyone in their 20s should know. For example, start saving at least 10 percent of your monthly income.
The House Ways and Means Committee approved expanding the child tax credit and higher education tax breaks. In other tax news, H&R Block offers a map outlining state income tax requirement to help same-sex couples' IRS filings.
Car-shopping may seem challenging for consumers to find good deals, but there are ways to save. One way is to research and find the market price on a vehicle before going to the dealership.