Personal Finance

How Wall Streeters blow off steam

The financial world is a notorious pressure cooker. See how bankers and traders chill out.  More

Stylist gives free haircuts to the homeless

When hairdresser Mark Bustos isn't cutting the hair of fashion designers and real estate moguls, he's traveling around the world giving free haircuts to the homeless.  More

Upscale stylist gives free cuts to homeless

Mark Bustos works full-time at a boutique salon, where prices start at $150. On Sunday, his only day off, Mark goes out onto the streets of New York City and gives free haircuts to the homeless.  Play

The babysitter costs HOW much?

High-end babysitting services offer dreamy services to parents in New York, but they'll cost you.  More

School-hopping alumni aren't giving back to colleges

As more students jump from school to school, it's becoming harder for colleges and universities to solicit the all-important alumni donations.  More

Transformations on the street: Haircuts for the homeless

On his days off from work, hair stylist Mark Bustos gives free haircuts to the homeless. Here are some of the transformations.  More

In some housing markets, all-cash deals still rule

Buying a home? You still have to compete against the big money bringing all-cash. But it's getting a little easier.  More

Where to work if you can't afford a coworking space

Why you should care: Because everyone needs to shake up their neighborhood coffee shop routine.  More

Fidelity settles lawsuits over its own 401(k) plan

Retirement giant Fidelity investments has agreed to pay $12 million to settle two lawsuits over the 401(k) plan it offers its workers.  More

Average cost to raise a child hits $245,000

New parents be warned: The average cost of raising a child to the age of 18 has reached nearly a quarter of a million dollars, according to the latest estimates from the U.S. Department of Agriculture.  More

'The most surprising cost of raising my kid'

Food. Clothing. Childcare. Most parents expect to shell out big money on their kids. But they don't always expect to spend hundreds -- or even thousands -- of dollars on these expenses.  More

How much will it cost to raise your kid?

Find out how much you'll spend raising your child to the age of 18 based on the year they were born, where you live and how much you earn.  More

Workers spend more time planning vacation than retirement

Many retirement savers spend more time researching which car to buy or where to go on their next vacation than they do investigating the investments in their 401(k), according to Charles Schwab survey.  More

The housing lottery game

The odds of finding a reasonably affordable place to live shouldn't rank on par with the odds of winning the lottery, but in many areas of the country, rents outpace incomes so quickly that the odds aren't in a lot of families' favor.  More

Have you ever taken a sabbatical?

Have you ever taken a sabbatical from work? Would you like to? Please let us know at #YourEconomy.  More

I'm 57 and owe $152,000 in student loans

Rosemary Anderson represents the 50-and-over crowd, who owns 17% of the $1.2 trillion outstanding student loan debt -- a 30% increase since 2005.  More

From snow shoveler to billionaire CEO

Leonard Schleifer's path to the top of the biotech world took decades of failure.  More

Fake IRS callers take $5 million from victims

The IRS says a phone scam has duped 1,100 victims out of $5 million.  More

How close are you to the top 1%?

Which tax bracket are you in based on your income?  More

A day in the life of an Afghan refugee

Originally from Afghanistan, Mohammadi Rahman, 30, is one of thousands of refugees who are forced to live in squalor as they wait for their immigration case to work through Hong Kong's immigration system.  More

Companies that treat workers well have better stock returns

A new research report concludes that employers that treat their workers well have better stock returns.  More

5 myths about buying a home

From bubble to bust, it's time to update some of the longstanding homebuying advice.  More

Are you a homebuying genius?

From mortgages to closing costs, test your knowledge of these homebuying essentials.  More

Big businesses fight for same-sex marriage

A patchwork of state laws is making it more complicated for many national companies to do business in states where same-sex marriage is not recognized.  More

Would you accept less pay for a higher 401(k) match?

Sure, they may not see the money for decades, but many workers say they are willing to accept a lower salary today if it means their employer will help them build a bigger nest egg for the future.  More

Look what you can buy for $200,000

The Class A shares of Warren Buffett's Berkshire Hathaway hit the $200,000 milestone Thursday.  More

Oil tycoon could face record divorce judgment

Harold Hamm, billionaire founder of oil firm Continental Resources, could face the largest divorce judgment in history.  More

$9 million claim against O.J. Simpson up for auction

Seventeen years after Ron Goldman's mother won a $9 million wrongful death judgment against O.J. Simpson, she is auctioning off the rights to the unpaid settlement.  More

Bet you can't get this car dirty

Nissan claims it has created the 'cleanest car' in the world with a new innovative paint technology. We put it to the test.  Play

Former James Bond now a financial advisor

Matthew Mancuso, a former intelligence officer, is launching a new career as a financial advisor at Wells Fargo.  More

Most expensive state to own a car: Wyoming

Wyoming tops the list because owners there drive more miles in a year than people in any other state, pushing up their gas costs.  More

Got medical debt? Your FICO credit score may go up

FICO, the nation's top credit score provider, is introducing a new scoring model this fall where medical debt in collections will have less of an impact on a consumer's credit score than it currently does.  More

31% of Americans have no retirement savings at all

It's no secret that many Americans aren't saving enough for retirement, but a big chunk of households have saved nothing at all.  More

Why your credit score might go up

A new FICO scoring model will put less weight on medical debt in collections. That means your credit score might go up if you have unpaid bills.  Play

Workers to see 3% pay hike next year

Employers expect to increase worker salaries by an average of 3% in 2015, only slightly better than the 2.9% hike they gave this year, according to human resources consulting firm Mercer.  More

My bank held my money hostage

Simple, an online bank, isn't fulfilling its "worry-free" promise: Some users couldn't perform any transactions for 24 hours.  More

5 big retirement mistakes

From leaving money on the table to paying high fees, here are five common retirement mistakes you should watch out for.  More

University president takes $90,000 pay cut to give 24 workers a raise

It will boost pay for 24 low wage workers on campus, including custodians, grounds keepers, and clerical workers. They will now earn $10.25 an hour, up from Kentucky's minimum wage of $7.25 an hour.  More

Want a cheap mortgage? Move to these states

Your credit score isn't the only thing determining whether or not you get a good rate on your mortgage. Where you live can also have a big impact.  More

You've been hacked! Here's what to do

Russian hackers have amassed a trove of 1.2 billion Internet user names and passwords. Here's what you need to do to protect yourself.  More

Big student loans? Consider life insurance

If you're taking out big student loans, it might make sense to purchase life insurance while you're at it.  More

Best cities for Millennial homebuyers

These Millennial hotspots offer strong job growth and affordable home prices, making them a great place for young adults to buy, according to a report from the National Association of Realtors.  More

Millennials' bad habits: Coffee, burgers and booze

Millennials are spending big money on coffee, alcohol and fast food. Here's where they're spending the most and how much, according to budgeting app Level Money.  More

Unlimited vacation days and other perks you don't get

Get paid to go on vacation, receive a couple of bonus weeks at the end of the year or take as much time as you need. Such vacation policies are more than a dream at some small, niche -- and often tech-based -- companies.  More

How to take a great (and cheap!) vacation

Traveling abroad for a long time doesn't have to cost you big bucks. Here's how you can afford the vacation of a lifetime.  More

Students and parents borrowing less to pay for college

While college costs and student loan bills have soared in the past decade, some students and their families are finding ways to spend (and borrow) less.  More

17,000% interest? Small purchases trigger big overdraft fees

Small debit card purchases are leading to big fees for customers who overdraw their bank accounts, a new report from the Consumer Financial Protection Bureau finds.  More

Grieving parents drowning in $200,000 student loan debt receive relief

The Mason family, which has been struggling to pay the $100,000 student loan bill they were left with when their daughter passed away five years ago, is now seeing an outpouring of support.  More

Sen. Warren cites CNNMoney story in hearing

In a Senate Banking Committee hearing on student loans, Massachusetts Senator Elizabeth Warren references a CNNMoney report about grieving parents getting stuck with their daughter's student loan debt after death.  Play

The 5 'worst' consumer complaints

From "grandparent scams" to fraudulent investments, schemes targeting the elderly are by far the worst, according to an annual survey from the Consumer Federation of America.  More

Grieving parents hit with $200,000 in student loans

Steve Mason, a pastor from California, inherited more than $100,000 in student loan debt when his 27-year-old daughter died suddenly in 2009. With interest and late penalties, the debt has since ballooned to $200,000.  More

24 Hours with a Broadway actress

Ali Ewoldt has performed in Broadway musicals and TV shows. Her days consist of auditions, rehearsals, and being on stage in front of hundreds of people at a time. Here are journal entries from a day in her life.  More

America's disabled struggle to make ends meet

Americans with disabilities face huge financial hurdles and it starts early on, according to a recent report.  More

What it really takes to be a great boss

Managing other people is harder than it looks. While many bosses are well intentioned, most don't make the grade as truly great because they overlook some basic requirements in their interactions with employees and others in their company.  More

Millennials love cash

Millennials are three times more likely to choose cash over stocks as a long-term investment.  More

Mansions for under $1 million

Mansions that would be very costly to build today are on the market around the country for well under $1 million each.  More

Is this retirement move right for you?

Every year retirement savers transfer billions of dollars into Individual Retirement Accounts. But sometimes you're better off leaving your nest egg alone.  More

The financial nightmare of (mistakenly) being branded a terrorist

Americans who are mistakenly branded terrorists by the U.S. government are facing financial peril -- losing their jobs, getting their access to cash cut off and their credit destroyed.  More

Homeless valedictorian moves from shelter to Georgetown dorm

Follow 18-year-old Rashema Melson on her bittersweet departure from a D.C. homeless shelter to a Georgetown dorm.  More

'Illegal to be homeless' in growing number of cities

A growing number of cities across the country are making it essentially illegal to be homeless, a new report finds.  More

6 great American road trips

Planning to hit the road this summer instead of spending on pricey airfares? Take a grand tour of some of the best U.S. road trips, including the best roadside attractions you'll see on each and where to stay along the way.  More

#Newjob selfies popular on Instagram

People are so happy about their #newjob that they are taking work selfies on their first day and posting them on Instagram.  More

Creative (and painless) ways I cut my wedding costs

Spending thousands of dollars on flowers or $20,000 on food and drink alone just didn't make sense to us -- or fit within our budget. Ultimately, we were able to save thousands of dollars by making some relatively painless choices.  More

'We're crowdfunding our wedding'

As wedding bills continue to climb, some couples are turning to friends, relatives and even strangers to help pay for their big day.  More

Same-sex marriage: 1 year later

A year after the Supreme Court overturned the Defense of Marriage Act, great strides have been made but there's still more to be done for same-sex couples.  More
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