With age comes wisdom, but not necessarily financial security: Recent studies have shown that America's seniors are racking up credit card debt like never before. If you or a loved one are planning to retire in the next few years, then you need to plan ahead.

Americans cut back on credit card usage more than ever last year, in part in to simplify their finances. However, even if you don’t use a credit card, you may want to think twice before closing the account, as it could have unintended consequences on your credit score.

If you’re sad or feeling lonely, buying yourself a little something can be a great pick-me-up. The practice has even earned a name: retail therapy. But retail therapy can at times get out of hand, and start people down a slippery slope of mounting credit card debt and financial hardship.

As consumers hit the malls, another type of Holiday pixies is waiting, and they are not as friendly as Santa and his crew.

With Holiday shopping season just around the corner, retailers are gearing up for the busiest time of the year with new tantalizing offers to compete for shoppers' attention.