Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Looking to pay off credit card debt? Action 9 investigator Jason Stoogenke wants to make sure you know about the “avalanche” and “snowball” methods. In both cases, keep paying your bills, at least the ...

"Less ideal debt" is for buying an asset that drops in value, like a car loan, or has a high interest rate, like credit cards. "Necessary debt" is used to buy an asset that can rise in value, like a ...