Education Center

Personal Finance

Overcome challenges like limited income and spending leaks in your budget to achieve long-term financial stability.

You might think getting rich and achieving financial stability go hand in hand. But statistics show roughly 9% of households that make over $100,000 annually live paycheck to paycheck. Financial stability and wealth are two very different things. Even with limited household income you can achieve success with the right personal finance strategy.

These articles help you learn how to budget, save and spend money effectively so you can maintain stability. We explain everything from how to close budget spending leaks to how to use spare change apps to your advantage. With the right strategy, you can get ahead despite any challenges you may face.

Personal Finance Resources

  • Personal Finance Glossary

    Find quick reference with simple definitions of key financial terms commonly used in relation to personal finance and money management.

  • Personal Finance Statistics

    Compare your finances to financial statistics for the average American household to see how you stack up. Keeping up with the Joneses usually leads you down a bad financial path, so why look at personal finance statistics like the ones below? These types of statistics give you a baseline to compare to as you assess […]

  • Debt.com 2018 Budgeting Survey: What’s the Best Way to Budget to Achieve Your Goals?

    In 2018 Debt.com polled over 1,000 Americans to ask how they plan out their spending. The results reveal that often the best ways to budget are old-school methods that are proven to work.

  • How to Create a Budget and Stick to it

    How to make budgeting a healthy financial habit you stick to.

  • 20 Smart Personal Budgeting Tips

    Budgeting doesn’t have to be difficult or time consuming – especially if you avoid these budget don’ts so you can focus on what you need to do.

  • How to Make a Holiday Budget

    Craft a holiday spending plan that helps you avoid overspending that leads to credit card debt. Use Debt.com’s Holiday Money Guide to make a practical, effective holiday budget that lets you spread holiday cheer without causing overspending that leads to credit card debt. Download our Holiday Guide! The winter holidays are the most expensive time […]

  • Coping with Financial Stress

    Learn how to deal with financial stress in a healthy way, so it doesn’t affect your life. Money is the second most common cause of stress in the country, according to a 2017 poll by the American Psychological Association. With 62 percent of the nation affected by financial stress, it is only outnumbered by stress […]

  • Finance for Couples

    When you take individual perspectives and blend them into a single money management strategy, it can be tricky. Here are 4 key questions to ask.

  • Money Management for Seniors

    We help you understand the four key concerns in effective personal finance and money management that seniors need to know for a comfortable retirement.

  • Effective Money Management for Women

    No matter how old you are or where you are in life, as a woman you need a personalized financial strategy that helps you avoid issues and reach your goals.

  • Money Management for Families

    From marriage to kids to downsizing in your golden years, we’ll show you what you need to know to make sure your family is financially successful.

  • Top Money Management Resources

    We help you explore the wide range of money management resources available online to help you find the right information and tools for your needs.

  • How to Recession-Proof Your Finances

    Debt.com has the ultimate guide for recession-day preppers worried about the possibility of Recession 2018. Never heard of “recession-day preppers”? It’s a new term the Debt.com team coined to refer to people who envision another financial meltdown just over the horizon. It’s the money version of a doomsday prepper. And like doomsday prepping, recession-day prepping […]

  • What is a Tax Extension?

    You might need more time to pay your taxes, but make no mistake: Even an extension probably won’t protect you from paying more.

  • How Your Payroll Tax Withholding Can Cause Tax Debt

    You can get in over your head in tax debt if you don’t withhold the right amount from your paychecks.

  • Understanding an IRS Tax Audit

    “Audit” may be the scariest 5-letter word in the English language, but we’re here to break it down to remove the mystery and give you some peace of mind.

  • Unable to Pay Taxes. Should I File Anyway?

    The deadline for your 2014 filing is right around the corner. Here’s why you need to file even if you can foot the bill to the IRS.

  • What Does PFM Mean?

    A personal financial management (PFM) platform is a money management tool you can use to make budgeting, saving and debt elimination fast and hassle-free.

  • Who Uses a PFM?

    If you think PFM platforms are just for Wall Street big wigs, think again. These days almost any consumer can use a PFM to build a better financial outlook.

  • Top Personal Finance Questions

    Find the answers you need to all those financial questions you should know, but were never taught. Most people never got lessons in personal finance in school. Even if you did, depending on how old you are, there’s a good chance you learned about things like balancing a checkbook and filling out deposit slips for […]

  • What are the Best Options for Managing My Money?

    With so many tools and resources out there, it’s hard to know which ones are right for the job when it comes to reaching your goals.

  • What Do I Look for When Purchasing a Budgeting Software?

    Not all budgeting software is created equal. Learn what to look for to find the right budget platform for your needs.

  • What’s the Best Way to Teach Finance to Kids?

    We explain the important money milestones you need to help your kids reach if you want to help them become financially successful as adults.