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It's understandable that you might be pessimistic about the economy right now, but have you considered what effect those emotions have on your approach to money? Pessimists tend to save more, and your natural caution can lead to more stable financial portfolios. But don't assume that riskier investments will never pay off.


Your MoneyWatch offers real-world advice on the financial issues that matter most to you — jobs, housing, health care, taxes and other ways you spend and save your money. Watch the episodes on your local CBS television station, then visit CBS MoneyWatch.com for tools, data, and more information about what to do next.

Recent Episodes

3 Tips for Financial Optimists
Originally Aired: Week of October 11, 2010

There's a fine line between problem-solver and Pollyanna. Here's how you can avoid the common pitfalls of the happy-go-lucky approach to finance and build your wealth in smart ways.

Which College Grads Earn the Most?
Originally Aired: Week of October 4, 2010

Many traditional career paths will lead to a dead end for today's students. Here are four great career choices where the sky is the limit.

Boomerang Kids
Originally Aired: Week of September 27, 2010

Justin Halpern, author of the $#*! My Dad Says Twitter feed and inspiration for a new show on CBS, shares a few tips for parents on how to get along with their kids who have returned to the roost.

Should You Refinance?
Originally Aired: Week of September 20, 2010

Record-low interest rates have millions of Americans considering refinancing their mortgages. But falling home values, declining credit scores and reluctant lenders have created a tricky market. Here are 7 things you need to know if you want to get a new loan and lower your interest payments.

End of Year Car Buying Tips
Originally Aired: Week of September 13, 2010

Buying a gently used car is a great way to save money -- let someone else pay for the depreciation. But it also can be scary. How do you know you're not getting a lemon?

We studied dependability reports to come up with a list of used cars not to buy, and we found five alternatives with high ratings and good prices.

Giving Your Child a Modern Allowance
Originally Aired: Week of September 6, 2010

Most kids aren't born with an innate talent to manage money. This is a skill they need to learn from their parents. And one of the best ways we can teach our children about basic finances is to give them an allowance and then let them make some real financial decisions during their teen years.

Pitfalls of Store Credit Cards
Originally Aired: Week of August 30, 2010

Thanks to new rules regulating credit card companies, you may see fewer, and lower fees, and you'll get more warning before your interest rates go up. But the grand cat-and-mouse game between consumers and card issuers will ratchet up. Here's how to stay one step ahead.

New Credit Card Rules
Originally Aired: Week of August 23, 2010

The latest installment of credit card reform takes on gift cards, which used to be riddled with hidden fees and expiration dates. Here's what you need to know to get the most out of your plastic money.


College Student's Financial Survival Guide
Originally Aired: Week of August 16, 2010

Students heading off to college face a long list of temptations - not the least of which is to spend money. Here's how to teach your children to manage their cash flow - and understand the value of a buck - from an early age.


Save Money with Groupons
Originally Aired: Week of August 9, 2010

These aren't your mother's coupons. A billion-dollar online industry has sprung up in just the past 12 months to offer consumers steep discounts on items ranging from rental cars to high-end meals to air conditioning repair. Here are 11 national and regional sites that can save you money.

Women & Retirement
Originally Aired: Week of August 2, 2010

When it comes time to retire, women often have a smaller nest egg than men – and a longer expected lifespan. That's a recipe for retirement disaster. The good news: By taking action now, you can improve your chances of a secure retirement. Start by figuring out how to make the most of Social Security.


Skimp or Splurge?
Originally Aired: Week of July 26, 2010

When making purchasing decisions, how do you know when to save money by going for the cheap option, and when it's smarter to shell out big bucks for quality? Don't go with your gut, or your effort to save a few dollars could end up costing you thousands.

Here's why you should buy a small house in an expensive neighborhood, drive an economy car into the garage and pick up organic apples at the store. Plus 23 more choices you'll face and how to make the savvy financial call.

How to Hire a Contractor
Originally Aired: Week of July 19, 2010

In a sluggish economy, building contractors are hungry for work. That means homeowners like you have newfound economic power to get renovations done better, cheaper, and faster. But you need to know how to play the game.

Are Freebies Really Free?
Originally Aired: Week of July 12, 2010

The downside of getting something "free" from a retailer is that you sometimes end up spending more money than you otherwise would have. Nonetheless, we can't resist them. Here are 13 great freebies, from yoga to ice cream to physics classes, no strings attached.

Financial Reform:
What's In It For You

Originally Aired: Week of July 5, 2010

Unless you're on a desert island with a good Wi-Fi connection, you don't have time to read the 2,300 page financial reform bill. Instead, for a quick explanation of who benefits and who gets hurt, go to Jill Schlesinger's scorecard.

How to Really Take Time Off
Originally Aired: Week of June 28, 2010

Do you know how to take a vacation? Seems like a dumb question, but if you've ever spent a holiday sitting by the pool with a BlackBerry instead of a margarita, you should know that it's bad for your health - researchers have linked regular vacations to greater longevity and a reduction in heart disease - as well as your career.

Summer Travel Tips
Originally Aired: Week of June 21, 2010

Planning a vacation? Knowing the best way to book travel can slash your costs. CBS News Travel Editor Peter Greenberg shared some of his best secrets for saving on airfare and hotels - and getting a more interesting trip while you're at it.

Financial Tips for College Grads
Originally Aired: Week of June 14, 2010

Sure, you're entering the workforce at a time when the economy is in the dumps, but there's still a proven way for recent graduates to become rich beyond your wildest dreams: Act poor. You've probably been doing it for four years anyway; just keep it up a little longer. Here's how.

Consumers Spending with Caution
Originally Aired: Week of June 7, 2010

In our post-recession economy, the idea of shop-till-you-drop is about as fashionable as shoulder pads and gas guzzlers. Consumers haven't put away their wallets entirely, but they are watching their dollars more carefully. Here are some of the best deals you can get for your hard-earned cash; plus a few of the worst ways to squander it.

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The Job-Success Workout
Originally Aired: Week of May 31, 2010

Studies show that people who exercise are more likely to succeed at the office. Check out the best workouts to fight job stress - and see what some employers are doing to help you improve your own health.

Gas Mileage Myths
Originally Aired: Week of May 24, 2010

With summer driving season just around the corner, it's a good time to get serious about improving your gas mileage. Check out where prices are highest and lowest, and see what will (and won't) help you save at the pump.


For Sale By Owner
Originally Aired: Week of May 17, 2010

Selling your house on your own is tougher than it was when the economy was booming and buyers were falling over themselves to make offers. But FSBO owners often fare well. Here's how to do it.


Weddings on a Budget
Originally Aired: Week of May 10, 2010

With the summer approaching, so is the time for weddings. And with an average cost of $28,000, weddings can really put a dent in your wallet. According to a survey taken by TheKnot.com, one-third of 2009 brides said the economy impacted their overall wedding plans. But has that changed the wedding business?



Money Lessons from Mom
Originally Aired: Week of May 3, 2010

Ever wonder where you'd be financially without the advice of your mother? With Mother's Day approaching, CBS MoneyWatch.com's Jill Schlesinger reports on money lessons from mom.



Join a Credit Union
Originally Aired: Week of April 26, 2010

If you're fed up with your bank, consider joining a credit union. See what these nonprofit financial institutions have to offer.

Go Green, Save Money
Originally Aired: Week of April 19, 2010

Conserving energy can have some big financial benefits. Whether it's trading in your car for a more efficient model or simply replacing your incandescent lightbulbs with fluorescent models, we'll show you how to protect your wallet and the planet.

Last-Minute Tax Tips
Originally Aired: Week of April 12, 2010

Still scrambling to file your taxes? We've got all the information you need to get it done in a hurry: Links to the necessary forms, answers to common questions, plus advice for taxpayers. Read on to save time and ensure you don't make any expensive mistakes.

3 Financial Aid Myths
Originally Aired: Week of April 5, 2010

If you're struggling with your federal student loans, the government may allow you to go a few months without making any payments.

The Coming Job Boom
Originally Aired: Week of March 29, 2010

Sure, the nation's unemployment rate hovers around 10 percent, but the jobs are coming. They're going to be high paying, challenging, and they will be right here in the U.S. Here's how to catch the next wave.

3 Real Estate Myths
Originally Aired: Week of March 22, 2010

If you're using the Internet to search for a home, Moneywatch.com's Jill Schlesinger reports on three things to watch out for.

3 Audit Red Flags
Originally Aired: Week of March 15, 2010

Will you lower your tax bill more by hiring an accountant, using Turbo Tax, or just plugging numbers into a cheapo software program? One intrepid family pits man versus machine in a tax preparation showdown.


How to Invest Now
Originally Aired: Week of March 8, 2010

It was one year ago when the stock market tumbled to a 12-year low. Stocks have bounced back significantly, though. MoneyWatch's Jill Schlesinger explains why now is a good time to take a close look at your investment strategy.



3 Reasons to Buy a House Now
Originally Aired: Week of March 1, 2010

New figures on home prices are expected to be released on Thursday and the results may surprise you. MoneyWatch's Jill Schlesinger reports why now is the right time to buy.

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