The economy is in the dumps, banks are failing left and right, and the government is taking extraordinary measures to rescue the U.S. financial sector.

You read the headlines every day, and though you may understand what's happening on paper, what all of these changes mean to your finances might not be as clear.

Farnoosh Torabi, author of

You're So Money

, offers practical financial advice on:

What the Wall Street crisis means for your money

What to do if your savings bank fails

The basics of bond investing

What you need to know if you bank with Washington Mutual

What Lehman Brothers ' demise teaches investors about risk

Visit MainStreet.com for more

money-managing

strategies.

This article was written by a staff member of TheStreet.com.