VITAL SURVIVAL LINK: Suze Orman Says Save First!

Gold is the money of kings.

Silver is the money of gentlemen.

Barter is the money of peasants.

Debt is the money of slaves.

If you’re in debt now or have ever been, you know that it is nothing short of financial slavery. Suze Orman has always recommended, “Pay off debt!”, but now with our shaky economy and job market, she has a different take on things. Read her advice here. It contains a lot of wisdom for these changing times.

Remember, the hard goods you have been stocking up on are an insurance policy against difficult times. If you have enough food and supplies to last three months, you’ll need that much less actual cash saved. By the way, it’s a good idea to have cash on hand in different denominations as well as a few rolls of quarters. America has experienced “bank holidays” in the past, and it’s not unthinkable that it could happen again.

(5) Readers Comments

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Liz
October 31, 2009 at 9:46 pm

Scary. Been wondering the same thing. Hate to cut payments, but you can't live without cash. Saving part of it in groceries because interest on savings isn't worth mentioning, but groceries just keep going up. Figure I'll maximize savings by locking in grocery costs as much as possible. So, part for groceries and part for future bills looks like a winner. Thanks for passing along Suze's article.
~Liz

Reply
- TheSurvivalMom
  November 2, 2009 at 12:43 am
  
  Liz, I hate the thought of carrying ANY debt, but if your income should suddenly come to a standstill, you couldn't make the payments AND you might lose your home! Like everyone else, we're trying to spread our dollars just as far as possible, including putting as much in savings as possible.
  
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