Question 1. I am helping my nephew navigate the process of applying for financial aid, grants, student loans, and scholarships for college. Can you tell me where to start our search for financial assistance? -- Jan, Georgia
Have you seen those ads being run by the debt-settlement outfits on bad late-night TV? Their promise is always the same -- to reduce your credit card debt to just pennies on the dollar without making you file for bankruptcy!
Question: What percentage of income should someone save in order to be considered financially responsible? I'm wary of spending now because of the bad economy, but I don't know how much I should be saving on a monthly basis. --Lionel, San Diego, Calif.