I hate her tacky jackets and her sprightly hair—arghh… BUT I love her show.
She’s bright on so many finance matters but my affinity to this money guru is on her counsels on how not to finish off a pathetic bust.
This 2008 I will go by my fave Suze Orman commandment on personal savings: one’s personal saving should ALWAYS/PERPETUALLY have a balance of at least a year’s worth of your monthly regular/basic expenses.
To illustrate (does not reflect my own):
Utilities- P 10,0000.00
Food- P 7,000.00
Fare/Gas- P 5,000.00
personal hygiene- P 5,000.00
Communications- P 3,000.00
Total: P 30,000.00
12 month equivalent: P360,000.00
Suze insists that this minimum balance is strictly non-expendable. Any excess however is safe to be squandered on anything your heart and penis desires.
So, save na, now na!