“If you do not have at least an eight-month emergency fund, and you think there's a probability you could loose your job - and it's not just losing your job; you could be in a car accident, get sick - continue to pay the minimum on your credit card every month. Everything beyond that needs to go to establish an emergency fund. And if you have an emergency fund saved, then fund your retirement account before paying down credit card debt.” IfsThinkingNeedsJobsPayCarMonthsLosingSickAccountsEightCreditDebtAccidentsSavedCardsFundRetirementMinimumProbabilityEmergenciesCredit CardCar AccidentCredit Card Debt Author:Suze Orman
“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.” IfsNeedsJobsFocusSecurityMonthsBalanceUnionsEightCreditCardsSavingWorriedFundExpensesEmergenciesAdequateCredit CardSaving MoneyCredit Unions Author:Suze Orman
“The way to build your savings is by spending less each month.” WayMonthsSpendingSavingSavingsEach MonthSpending Less Author:Suze Orman
“Make it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account.” MonthsCostAccountsUnionsEightCreditPrioritiesCredit Unions Author:Suze Orman
“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.” ShouldEndsGoalPayMonthsBillsCreditCardsSavingEmergenciesSavingsCredit CardEach Month Author:Suze Orman
“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.” ShouldMonthsBalanceCreditScalesCardsSavingMore MoneyMinimumPaymentSavingsCredit CardEach Month Author:Suze Orman
“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.” PeopleHomePayMonthsBalanceEightCreditSavedCardsSavingFundFrustratedEmergenciesPaymentSavingsCredit Card Author:Suze Orman
“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.” WantNeedsStillsUseMonthsCreditCardsScoreCredit CardDebitDebit CardsCredit Scores Author:Suze Orman
“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.” IfsLongRunningFallShareMonthsGood ThingsDecadesSavingLong Runs Author:Suze Orman
“If you make time each month to give your money some attention, you'll start the next year in fabulous financial shape.” IfsGivingYearsNextAttentionMonthsShapesFinancialFabulousNext YearMaking TimeEach Month Author:Suze Orman
