Suze Orman's Action Plan by Suze Orman
Author:Suze Orman [Orman, Suze]
Language: eng
Format: epub
ISBN: 978-0-679-60417-4
Publisher: Random House Publishing Group
Published: 2010-11-26T16:00:00+00:00
ACTION: As wonderful as it is that you give gifts, you and I both know that your friends and family don’t love you because of the gifts. If you have yet to build an emergency savings fund that can cover eight months of living costs, you must curtail your gift giving so you can give yourself something far more important: security.
Besides, you are never, ever to buy gifts that you can’t afford to pay for immediately. As I explained in “Action Plan: Credit,” an unpaid credit card balance puts you at great risk of falling into a costly vicious cycle you will find it hard to climb out of. Worried what your friends and family will think if they don’t receive an expensive gift this year? Come on. Do you really think anyone who cares about you would feel good if they received a gift with an unspoken price tag that said, This gift cost $50 that I couldn’t afford and means I will not be able to pay off my credit card bill this month?
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