10 Life Hacks From Suze Orman That Will Save You Money

Core Insights - Financial expert Suze Orman emphasizes the importance of taking action to manage finances during economic instability, advocating for proactive measures to secure financial futures [3]. Group 1: Financial Management Strategies - Orman advises individuals to take control of their financial future by addressing credit card debt, reducing unnecessary spending, and building emergency savings [3]. - To improve cash flow, she recommends using balance transfers to 0% APR credit cards to manage high-interest debt, thereby freeing up more cash [5]. - Maintaining insurance coverage is crucial; dropping health, life, or disability insurance to save money can lead to greater long-term costs [5]. Group 2: Retirement Planning - Orman discourages taking Social Security benefits early, as it results in reduced monthly payments; waiting can lead to larger benefits [6]. - She highlights that with increasing life expectancy, delaying Social Security can be a wise investment for long-term financial security [7].