Experts explain that it's possible to manage debt repayment and wealth building simultaneously by following a few strategies to optimize debt and expenses.

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...

Add Yahoo as a preferred source to see more of our stories on Google. 1. Set up an emergency fund. "Emergency expenses are the leading cause of credit card debt," Han says in her book. Before you ...

A balance transfer credit card allows you to transfer the debt balance from other credit cards onto a single card.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Your debt issues don't have to feel like an endless burden, though, ...

Suppose you’ve just come into an extra $5,000. Maybe it was a job bonus, your pay for a moonlighting project, a gift from a generous family member, or the proceeds from selling something you own. You ...

Nobody ever said debt was fun and it’s not. It’s emotionally and financially stressful, especially when you find yourself in an endless cycle of trying to pay it off. But that doesn’t mean you should ...

To pay your debt off fast, you could consider an option that gives you an upfront lump sum of cash, like a home equity loan.

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 ...