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 OrmanAmerica has a broken spirit, that the people that are saying, "Please help me, please let me keep my home, please let me keep my car, please recognize me as a vital human being," they are falling on deaf ears.
Suze OrmanMake it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account.
Suze OrmanYour 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 OrmanIf 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