Family Money Advice You Can Bank On

No matter where you are in life -- heading to college or ready to retire -- these strategies will keep you safe and sound.

By Beth Kobliner
From Reader's Digest
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"Taking revolving credit off the table reinforces the value of budgeting by making your student live within the limits of cash flow."
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Josh Lange
Hartland, Michigan
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Nancy Tang
Dublin, California
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Becky Cooper
Richmond, Indiana
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Get Rid of Credit Cards and Avoid Debt
"Taking revolving credit off the table reinforces the value of budgeting by making your student live within the limits of cash flow."
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In 20 years, we may look back at 2009 as the Great Depression II -- or as just an unusually rough patch we'd prefer to forget. Right now, though, there's nothing more real than the tough economy, and everyone's feeling the pressure. High school and college graduates are wrestling with the worst job market in decades, while people who have spent their lives saving for retirement have seen their portfolios shrink by as much as half. And everyone in between-single or married, with kids or without-is trying to figure out what to do.

"The landscape has definitely changed," says Frank Boucher, a financial planner in Reston, Virginia. "But even if you haven't had to downscale your lifestyle yet, a little planning can help you avoid having to temporarily downscale your dreams." Now more than ever, you need to take stock of your finances and come up with a smart plan of action. Our life cycle guide will help get you started.

Money Strategies for the Whole Family

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