Suze Orman Quotes

You have no control over the market. You can't predict where it will go, and you can't bring it back from the depths. What you can do is save more. Make sure you have cash on hand - an emergency fund of at least six months of expenses.

I feel very strongly we need to do a better job with the rainy day fund.

Savings is an important tool because it can help the poor deal with the ups and downs of irregular earnings and help them build reserves for a rainy day.

Do not leave yourself or your family unprotected against financial storms... Build up savings.

Much of the traditional thinking about cash is well intentioned but unrealistic. Should you have six months of living expenses in the bank for emergencies? Sure. Do you? Probably not.

Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.

Find $50 a month for savings. No excuses!

Do you have an emergency fund? If not, build one - aim for three months of expenses to start, then boost it to six. It will ease your anxiety and get you out of a potential jam.

The shortest period of time lies between the minute you put some money away for a rainy day and the unexpected arrival of rain.

When families save, they can get through emergencies like a bad harvest or a medical emergency. But it's more than that. They can also plan for the future, gradually saving up for a small business or for their children's school tuition.

Make it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account.

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.

Individuals should think about the worst-case scenarios and plan for them. The world will be crazier than you think it will be. Put money away, and then you can live with much more freedom.

Everything we earn we need as a reserve.

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.

First, you should take money and have plenty of money fueling your tank. But money becomes dangerous if you assume it's going to keep coming. Make sure you can get your burn rate to a sustainable level if you hit the brakes hard, within 90 days.

You can survive your income falling if it's not dramatic. Your income can decrease for a long time before you start living beyond your means.

I've had to take out a couple of loans; I'm not gonna lie. I want to pay off my debts. I want to start stacking some cash and set myself up for the future.

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.

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.

The way to build your savings is by spending less each month.

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

Eliminating or substantially lowering just one major monthly expense can give you enough cushion to move into a more comfortable place financially.

No one is rich whose expenditures exceed his means, and no one is poor whose incomings exceed his outgoings.

Always make sure you have your rent. At the end of the month, if you have to eat Ramen for a week because you won't have your rent money, just do it but make sure your rent is all there so you're not stressing about that. As long as you have your rent at least you have somewhere to live.