Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Suze School: Are You In Financial Panic Mode?
Dec 15, 2024
As the holidays approach, many feel the pressure to overspend on gifts that might not be needed. Mindful spending and honest financial planning are essential to avoid debt during this festive season. The discussion also delves into investment strategies, emphasizing stock management and diversification for future security. Educating younger generations about financial risks is crucial for building a stable financial future. Remember, meaningful gifts aren’t always monetary!
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Resisting Panic Buying
- Avoid financial panic and resist last-minute gift-buying temptations.
- Stick to your financial goals and avoid accumulating credit card debt for unnecessary items.
Unwanted Gifts
- Suze Orman recounts finding unwanted gifts hidden in closets during her time on Oprah's show.
- This highlighted how people accept gifts they dislike to avoid hurting feelings, leading to wasted money and clutter.
Returning Gifts
- Communicate your needs clearly; don't be afraid to tell people not to give you gifts.
- Return unwanted gifts and inform the giver, ensuring they receive a refund.