SaveBuyLive

Debt comes in many forms ranging from credit cards to student loans to car loans.  Almost all debt arises for one simple reason - that you spent more than you earned.  Even worse debt rarely ever stops with one purchase.  Not only does the interest compound over time, but the principle can compound as well [...]

Money Magazine has a fun little online calculator to determine your financial health.
You start by entering your age and gross income and then answer a few short questions about each of the following categories:

Housing payments
Debt
Emergency fund
Investment diversification
Investment in company stock
Life insurance
Retirement savings

Here’s some personal finance take home points from the exercise:

Housing payments should not exceed [...]

Has the financial crisis totally changed how the rules of the game?  Money Magazine thinks so and lists 7 new rules for financial security.  I’ve listed them below along with some commentary.
Rule #1: Risk
Old thinking: If you can stomach the ups and downs that come with risk, you’ll be rewarded.
New rule: Risk isn’t about your [...]