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When someone chooses to value herself over the things she can buy, true transformation begins.

I generally encourage people to make good on debts when they have enough money to repay them. But once a delinquency has been reported to a collection agency, paying it off won't help your FICO score. The damage has already been done, and the blemish will remain on your credit report for seven years.

From Suze Orman

A cash advance on a credit card is one of the worst types of borrowing because the interest rate is typically 21 percent or more.

From Suze Orman

Structured settlements are a common way for people who have been injured to receive an insurance payout. The periodic payments provide ongoing income and reduce the risk of blowing a lump sum through poor financial choices.

From Suze Orman

We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts.

From Suze Orman

Raise your auto and home deductibles to $1,000 or more, and your premium cost falls at least 10 percent.

From Suze Orman

Credit unions are often a better deal than banks and tend to pay higher yields on deposits.

From Suze Orman

The foundation of a financial fresh start actually has nothing to do with money or specific financial dos and don'ts. The first, and most difficult, step is to absolve yourself and your spouse or partner of any guilt.

From Suze Orman

Money you know you need or want to spend in the next few years is savings. Money you keep handy for an emergency belongs in savings. Money you hope to use soon for a down payment on a house belongs in savings. And all savings belong in a low-risk bank savings account or money market account.

From Suze Orman

Money you won't need to use for at least seven years is money for investing. The goal here is to have your account grow over time to help you finance a distant goal, such as building a retirement fund. Since your goal is in the future, money for investing belongs in stocks.

From Suze Orman

Suze Orman

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