Think you know the basics? Think again. Studies show that most adults struggle with questions that seem surprisingly simple ...

Simple interest is paid only on the principal, e.g., a $10,000 investment at 5% yields $500 annually. Compound interest accumulates on both principal and past interest, increasing total returns over ...

Money feels heaviest when it is a fog of bills, balances, and half-formed worries. A simple financial plan cuts through that fog, turning scattered decisions into a short checklist you can actually ...

When planning investments, understanding how returns are calculated is often the first step. While markets and instruments ...

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 ...

Financial literacy refers to the understanding and capability to make informed and efficient decisions about personal financial resources. It encompasses the knowledge of how money works in the world: ...