Picture
Suze Orman
“People first,
then money,
then things.“
Find
$50 a month
for savings.
No excuses!
Private student loans
should be avoided
at all costs.
Get rid of debt now.
It pays to be a fee fiend.
Focus on what you have.
Cut back your spending now.
I think they've been baby bummers.
The world does not need another credit card.
The key to making money is to stay invested.
I am a big believer that orderliness begets wealth.
Recast your current problems into proactive goals.
I always say, 'People first, then money, then things.'
Never invest emergency savings in the stock market.
There is nothing more beautiful than a confident woman.
To enjoy a long, comfortable retirement, save more today.
It's easy to underestimate the real cost of home ownership.
Opt for a fixed-rate rather than an adjustable-rate mortgage.
The world needs another vehicle to get people to pay in cash.
Just because you can afford it doesn't mean you should buy it.
The way to build your savings is by spending less each month.
Put your financial life on autopilot as a form of 'forced' saving.
Ignore the annual percentage rate when shopping for a mortgage.
Make this the year you tackle that credit card debt once and for all.
Here's my gift-giving rule: Respect your current financial situation.
Thoughtful financial planning can easily take a backseat to daily life.
In order to create lasting security you must learn to stand in your truth.
I love the Roth IRA. Tax-free income in retirement is a truly great deal.
It's better to do nothing with your money than something you don't understand.
If you have debt I'm willing to bet that general clutter is a problem for you too.
They got married, they got divorced, and half their money goes out the window.
It's better to do nothing with your money than something you don't understand.
So many financial dreams are thwarted by the failure to act upon good intentions.
If you're going to live in the house make it your goal to just pay off your mortgage.
Never, ever invest money that you will need prior to three to five years – minimum.
Don't let what others think or say get in your way; their actions reflect on them, not you.
Many people are in the dark when it comes to money, and I'm going to turn on the lights.
Owning a home is a keystone of wealth - both financial affluence and emotional security.
Who would you want to be giving you advice? Somebody who doesn't have any money?
People have got to learn: if they don't have cookies in the cookie jar, they can't eat cookies.
Give to yourself as much as you give of yourself! This means you have to put yourself first.
If you're not staying on top of your money, you are putting your financial well-being at risk.
Opposites may attract, but I wouldn't put my money on a relationship of financial opposites.
Every time you overhear something hurtful, I want you to do something kind for someone else.
Never cosign a loan. Once you have cosigned, you cannot get out of it - even on your deathbed.
No one's ever achieved financial fitness with a January resolution that's abandoned by February.
A wise woman knows how to summon her courage and do what is right, rather than what is easy.
If you're going down the street and you're going the wrong way, remember - God permits U-turns.
It's impossible to map out a route to your destination if you don't know where you're starting from.
The less money you owe, the less income you'll need and the less you'll have to save for tomorrow.
When you are grateful - when you can see what you have - you unlock blessings to flow in your life.
Look everywhere you can to cut a little bit from your expenses. It will all add up to a meaningful sum.
Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card.
If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.
A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.
When you give, give from the place of the heart because it is the right thing to do, not the easy thing to do.
If you're financially responsible, your children have a much better chance to grow up financially responsible.
The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem.
The foundation of a financial fresh start actually has nothing to do with money or specific financial dos and don'ts.
We women know how to take care of everybody so well. But the one person we have written out of the equation is us.
Once your kids are grown and you know that you're completely healthy, consider canceling your life insurance policy.
Learn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have?
The last thing family and friends want is for you to spend money on them that you don't have or that you can't really spare.
Make it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account.
A pile of bills and statements - whether paid or not - is a sign that someone is clueless about what's coming in and going out.
If the only way you can build an emergency fund is to pay the minimum due on your credit card, that is what you need to do.
Money is such an amazing teacher: What you choose to do with your money shows whether you are truly powerful or powerless.
To make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.
We never had it as rough as the kids have it today. Look at the price of a gallon of gas or a piece of real estate or a college education.
Rather than saying, 'My checking account is a wreck,' change it to 'I will learn how to track my spending and balance my checkbook.'
People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.
Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.
In all realms of life it takes courage to stretch your limits, express your power, and fulfill your potential... it's no different in the financial realm.
Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.
When you're happy you find pure joy in your life. There are no regrets in this state of happiness - and that's a goal worth striving for in all areas of your life.
If you wait until your children are high school seniors to spring it on them that there's not a whole lot of money for school, they won't have too many options.
I simply want you to give to yourself as much as you give of yourself. By taking care of yourself financially, you will truly be able to take care of those you love.
I have always advocated doing everything possible to pay off credit card balances; it's good financial management and the ticket to a strong FICO credit score.
The chances of a bank going out of business are extremely slim, but it's always a good idea to spread around major sums so every penny is backed by insurance.
Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments - they may not be as high as you think.
Like your home's closets, your financial clutter needs an overhaul every now and again, and the payoff will go far beyond the psychic satisfaction of neatening up.
If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out a reverse mortgage once you turn 62.
I love, love, love that you want to use your debit card. But to keep your credit score solid, you still need to keep a few credit cards and use them at least once every few months.
Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts.
The advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and payment, making it easier to stay on track.
The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
I get so frustrated when people tell me it's unrealistic to create an eight-month emergency savings fund, or have money saved for a home down payment, or pay off their $5,000 credit card balance.
Everybody in America started to define themselves by all these things they had around them. And all of a sudden it came tumbling down. So the old American dream has died, and that is a good thing.
You must recognize, embrace, and be honest about what is real for you today and allow that understanding to inform the choices you make. Only then will you be able to build the future of your dreams.
When you lose something in your life, stop thinking it's a loss for you... it is a gift you have been given so you can get on the right path to where you are meant to go, not to where you think you should have gone.
Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won't grow any faster than the rate of inflation.
A wise woman recognizes when her life is out of balance and summons the courage to act to correct it, she knows the meaning of true generosity, happiness is the reward for a life lived in harmony, with a courage and grace.
I love money. I love the topic of money. I love the topic of debt. I love playing chess with money. I love taking somebody's life that's a total chaotic mess and helping them right, make the right moves so they can do checkmate. …
Take free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus.
If you're saving for the long run, it's actually a good thing when the market is down because the more shares you have, the more you can potentially make when markets rise. And over time - decades, not months - the markets rise more than they fall.
I have never been a fan of bond funds. Unlike a direct investment in an individual bond that you can hold to maturity and be assured you will get your principal back (assuming no default), a fund has no finite maturity date and most funds are actively traded.
If you are worried about job security and do not have an adequate emergency fund (ideally eight months' worth of living expenses stashed away in a federally insured bank or credit union), you need to focus more on saving money than paying down the balance on your credit cards.
Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not exempt. So even if you pay off your balance - and that's tough when interest rates are insanely high - there's a good chance your credit limit will be slashed, and that will hurt your FICO score.
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