Personal Finance

The average American household spends approximately $53,000 each year – a number that is close to 75% of the mean American income. This raises the obvious question: Where, exactly, is all of this money going?

The two primary types of IRAs, or traditional retirement savings accounts, are the traditional IRA and the Roth IRA. While both carry certain advantages and disadvantages, they serve an important role in your overall retirement planning.

Studies routinely show that debt is about much more than the money: It can cause a number of emotional and psychological issues, from anxiety and depression to self-worth struggles.

While they cannot all be prevented, having money set aside in an emergency fund to deal with emergencies can save a lot of money and stress.

Wedding-related debt is an epidemic that is sweeping America. Here’s what modern couples are forking over for.

Absent a true emergency, like a collapsed roof, most home improvement projects can wait. There is simply no reason to borrow money to remodel a kitchen or landscape a yard – something purely cosmetic and frankly, nonessential.

New Year’s Eve is almost upon us, and along with that comes the inevitable question many of us ask ourselves every year: What are we going to do to celebrate, and how can we make sure it doesn’t break the bank?

Many financial advisors will tell you that borrowing against your 401k retirement account is a bad idea. However, there are certain circumstances in which you might want to consider temporarily borrowing from your 401k.

Over the course of our lives, most of us will likely experience a financial setback due to a mistake. Here are three ways to bounce back from a financial mistake and set yourself up for future financial success.