Suze Orman Quotes About Credit Cards

Quotes about: Credit Cards

• 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.

  Suze Orman

  Needs, Cards, Credit

• 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.

  Suze Orman

  Goal, Each Month, Cards

• 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.

  Suze Orman

  Jobs, Eight, Focus

• 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

  Retirement, Party, Fall

• 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.

  Suze Orman

  Car, Important, Majority

• 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.

  Suze Orman

  Retirement, Jobs, Thinking

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

• 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.

  Suze Orman

  Hurt, People, Balance

• 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.

  Suze Orman

  Strong, Balance, Cards

• Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card.

  Suze Orman

  Hurt, Cards, Credit

• 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.

  Suze Orman

  Needs, Cards, Use

  "Suze Orman: Are you making these financial mistakes". Article by Suze Orman, www.cnn.com. May 27, 2010.

• But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.

  Suze Orman

  Mean, Cards, Credit

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

• Make this the year you tackle that credit card debt once and for all.

  Suze Orman

  Years, Cards, Credit

  "Suze Orman's 10 Tips for a Fresh Financial Start". www.oprah.com. January 2009.

• If your company matches your 401(k) contribution, then no matter what, contribute to your 401(k) first. You put in a dollar, they put in 50 cents. It's an automatic 50 percent return on your money. You can't pass that up. I'd rather have the 50 percent than pay 32 percent interest on a credit card.

  Suze Orman

  Cards, Credit, Pay

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

• The world does not need another credit card.

  Suze Orman

  Doe, Needs, Cards

  "Biography/Personal Quotes". www.imdb.com.

• The world of money, of numbers and stock markets and interest rates and credit cards, seems on the surface about as far as it could be from the world of spirituality, of seeking meaningful answers to the big questions of life. ... But these two worlds must flow in and out of each other, because it takes both money and spiritual understanding to sustain it. Truly speaking, what determines where our money with its awesome power will go, and what it will do for ourselves and others? If we listen, those answers come from the center of our being, from who we really are.

  Suze Orman

  Meaningful, Spiritual, Money

• 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

  Debt, Pay, Cards

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

• 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

  Balance, Each Month, Cards

• Money is the only thing you can use even if you don't have any. ... There's always a credit card.

  Suze Orman

  Money, Cards, Use

• 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.

  Suze Orman

  Cards, Credit, Cash

• Absolutely pay off your credit card debt, because a child can always get a loan to go to school, possibly a scholarship, a grant.

  Suze Orman

  Children, School, Cards

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

• 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.

  Suze Orman

  Home, Eight, People

• If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? What are you going to do if they raise your interest rates to 32 percent? That's five times higher than what your kid is going to pay in interest on a student loan. Get rid of your credit card debt.

  Suze Orman

  Kids, Cards, Credit

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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