For retirement saving, the line between what people need to have for income versus what people want to have as income has blurred. Here is how to separate how much money absolutely needed for retirement versus how much money you would like to have – and why it's important.
Saving money in your 30s and 40s can be quite different than managing your money when you are in your 20s. For example, people should be seriously considering whether or not they will purchase a home and save for a down payment.
NerdWallet profiles a 32-year-old writer from Seattle who carries nearly $16,000 in credit card debt from a past career in music. Climbing out of this financial hole means curbing expenses and being disciplined in paying down the debt, she says.
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?
Though a higher income means more money, it often means more expenses. Hamm breaks down how to curb spending so an increased paycheck actually means more money in the bank.
77 percent of parents say they are not always honest with their kids about money; 15 percent lie to their children weekly. How does this dishonesty affect children's future finance decisions?