Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Suze School: Revisiting Make A Date With Your Money
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Apr 20, 2025 This episode dives into creating a secure financial future with essential steps like setting up emergency savings and reviewing insurance. It emphasizes evaluating financial health, managing debts, and getting important documents in order. The discussion also highlights the importance of financial literacy and personal empowerment. Listeners learn to prioritize health and knowledge for real independence and discover a unique savings account option that promotes responsible habits!
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Review Your Insurance Coverage
- Regularly review your home or renter's insurance policies for coverage adequacy and increases reflecting current replacement costs.
- Ensure your insurance covers everything: home, structures, trees, floods, hurricanes, or earthquakes as needed.
Update Your Beneficiaries
- Check all your retirement, life insurance, and health savings account beneficiaries to ensure they are current and correct.
- Married couples should list their spouse as the primary beneficiary on retirement and HSA accounts, avoiding trusts as primary.
Manage Credit Card Debt Strategically
- List your credit cards with their interest rates, balances, and minimum payments; then prioritize paying off those with highest interest rates.
- Consider balance transfer cards with 0% interest for 21 months and pay as much as possible to reduce debt faster.