“Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.” LongGoalTermAccountsInvestmentFinancialSavingLong TermBuyingFundTargetRetirementCashEmergenciesInflationShort TermFundingSavingsCdsDepositsPurchasingPurchasing PowerSavings AccountsBuying Stocks Author:Suze Orman
“Women need to turn their attention from saving their spouse, their mothers, their this, their that, their kids, to putting that financial oxygen mask on their face first. When they're solid, they can pick up the whole world.” WorldNeedsFirstsWholeKidsFacesMotherTurnsAttentionPicksFinancialWhole WorldSavingMaskSpouseOxygen 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
“Put your financial life on autopilot as a form of 'forced' saving.” FormFinancialSavingAutopilot 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
“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
“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.” YearsI CanShowsFallPartyWonderfulAccountsStartingCreditDebtCardsSavingRetirementTrapsFundingNovemberJanuaryCredit CardSaving MoneyClockworkCredit Card Debt Author:Suze Orman
