To make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.
— Suze Orman
It's easy to underestimate the real cost of home ownership.
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.
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.
The way to build your savings is by spending less each month.
Learn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have?
Make it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account.
Get rid of debt now.
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.
Who would you want to be giving you advice? Somebody who doesn't have any money?
Opt for a fixed-rate rather than an adjustable-rate mortgage.
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 always say, 'People first, then money, then things.'
Just because you can afford it doesn't mean you should buy it.
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.
When you are grateful - when you can see what you have - you unlock blessings to flow in your life.
Money is such an amazing teacher: What you choose to do with your money shows whether you are truly powerful or powerless.
It pays to be a fee fiend.
To enjoy a long, comfortable retirement, save more today.
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.
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.
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.
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.
Never invest emergency savings in the stock market.
A wise woman knows how to summon her courage and do what is right, rather than what is easy.
There is nothing more beautiful than a confident woman.
People have got to learn: if they don't have cookies in the cookie jar, they can't eat cookies.
Ignore the annual percentage rate when shopping for a mortgage.
If you're financially responsible, your children have a much better chance to grow up financially responsible.
Focus on what you have.
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.
Private student loans should be avoided at all costs.
The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem.
When you give, give from the place of the heart because it is the right thing to do, not the easy thing to do.
Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card.
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.
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.
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.
Give to yourself as much as you give of yourself! This means you have to put yourself first.
In order to create lasting security you must learn to stand in your truth.
Cut back your spending now.
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.
The world needs another vehicle to get people to pay in cash.
The world does not need another credit card.
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.
If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.
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.
Never cosign a loan. Once you have cosigned, you cannot get out of it - even on your deathbed.
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.
