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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.

Suze Orman

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Suze Orman
Age: 73
Born: 1951
Born: June 5
Author
Businessperson
Financial Adviser
Motivational Speaker
Restaurateur
Screenwriter
Television Presenter
Writer
Chicago
Illinois
Saving
Savings
Credit
Card
Balance
Carrying
Months
Minimum
Making
Month
Money
Scale
Back
Scales
Cards
Payment

More quotes by Suze Orman

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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.
Suze Orman
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The mind gives us thousands of ways to say no, but there's only one way to say yes, and that's from the heart.
Suze Orman
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So many financial dreams are thwarted by the failure to act upon good intentions.
Suze Orman
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Men and women both have an equal capacity to make money, but they want money for different reasons. Men want money for power and women want it for comfort, and usually not their own comfort, but the comfort of others in their lives.
Suze Orman
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Absolutely pay off credit card debt. If you're not getting a match in your 401(k) and you've got credit card debt, you've got to get yourself out of credit card debt. When you get out of credit card debt, your credit score goes up and interest starts to go down.
Suze Orman
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After you marry, every asset either of you acquires is jointly held. That's why you both need to be in sync on your long-term financial goals, from paying off the mortgage to putting away for retirement. Ideally, you should talk about all this before you wed. If you don't, you can end up deeply frustrated and financially spent.
Suze Orman
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Stop buying things you don't need, to impress people you don't even like.
Suze Orman
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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.
Suze Orman
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One has to ask what is the goal of life? What is the goal of life? My interpretation of it for myself, a very wise teacher once taught me this, is to meet the needs of the people, places and the times around you and offering those services to God.
Suze Orman
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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.
Suze Orman
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I get more inspired by seeing everyday people succeed against the odds than anything else in life.
Suze Orman
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If you're not staying on top of your money, you are putting your financial well-being at risk.
Suze Orman
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As our net worth falls, so does our self-worth. Ironically, it's when we don't have it that we most feel we have to flaunt it.
Suze Orman
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It's only when we give to ourselves as passionately as we give of ourselves that we create the life we want and deserve.
Suze Orman
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You will never be powerful in life until you are powerful over your own money. How you think about it, how you feel about it and how you invest it.
Suze Orman
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Put your financial life on autopilot as a form of 'forced' saving.
Suze Orman
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America has a broken spirit, that the people that are saying, Please help me, please let me keep my home, please let me keep my car, please recognize me as a vital human being, they are falling on deaf ears.
Suze Orman
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In January we start saving money, getting out of credit card debt, funding our retirement accounts, and we're doing wonderful. Then, every single year like clockwork, starting in November, all of you fall into this trap that says, 'I have to buy this gift... I can't show up at this party and not have something for everybody.
Suze Orman
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If there is anyone dependent on your income - parents, children, relatives - you need life insurance.
Suze Orman
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For all your long-term investments, such as retirement accounts that you won't touch for at least ten years, you need a mix of stocks and bonds. Stocks offer the best shot at inflation-beating gains. But stocks don't always go up. That's where bonds come into play: They have less upside potential, but they also do not pack the same risk.
Suze Orman