10 tips toward becoming money conscious and Managing Debt

10 tips to become money conscious

1. Keep a spending journal 
2. Make a spending plan (budget) 
3. Make a saving plan, with short, medium and long term goals 
4. Reward yourself for frugal behavior 
5. Live below your means but within your needs 
6. Pay with cash to raise your awareness of your spending 
7. Find as much pleasure in saving as you do in spending 
8. Hope for the best. Plan for the worst with up to 8 months in savings for living expenses 
9. Decline overdraft protection at your bank 
10. Monitor your account at least every other day 
Sources: Suze Orman, Women4Women

Suze Orman

From Wikipedia, the free encyclopedia
Suze Orman

Orman at the Time 100 Gala, May 4, 2010.
Born Susan Lynn Orman
June 5, 1951 (age 61)
Chicago, Illinois
Residence Florida, New York City, and San Francisco[1]
Nationality American
Education Bachelor of Arts in social workHonorary Doctorate University of Illinois, Honorary Doctorate Bentley University
Alma mater University of Illinois at Urbana-Champaign (1976)
Occupation authortelevision personality,motivational speaker
Known for The Suze Orman Show
Spouse(s) Kathy Travis
The Suze Orman Show

Susan Lynn “Suze” Orman (born June 5, 1951) is an American financial advisorauthormotivational speaker, and television host.[2]

Orman was born in Chicago and received her B.A. in social work. She worked as a waitress in Berkeley, California before becoming a financial advisor for Merrill Lynch. In 1983 she became the vice-president of investments at Prudential Bache Securities and in 1987 founded the Suze Orman Financial Group.

Her program The Suze Orman Show has aired for eleven years and is one of the highest rated shows on CNBC. She has written nine consecutive New York Times Best Sellers and has written, co-produced and hosted seven PBS specials based on her books. Her PBS shows are the most successful fundraisers for PBS and have won two Emmy awards.[3][4] She has also won the most Gracie Awardsof any individual.[5] In 2008 and 2009, Orman was named to the Times Magazine list of 100 most influential people, the 2010 Forbes Magazine 100 most powerful women in the world, and 18th on the Forbes list of The Most Influential Women In Media.[citation needed]
Orman was born on the South Side of Chicago, Illinois, in 1951. Her mother, Ann, worked for a rabbi and also as a legal secretary, and her father, Morrie Orman, plucked chickens.[6][7][8] Her family was Jewish; her father was a Russian immigrant and her mother’s family were from Romania.[8][9] Her parents managed a delicatessen in Hyde Park.[10][11][12][edit]Early life and education

She attended the University of Illinois at Urbana-Champaign and received a B.A. in social work in 1976.[13] In 2009, Orman received an honorary degree of doctor of humane letters from the University of Illinois at Urbana-Champaign.[13]


After finishing school, Orman moved to Berkeley, California, and worked as a waitress. In 1980, she borrowed $52,000 from friends and well wishers to open a restaurant.[14][15][16][17]

Later, Orman trained as an account executive for Merrill Lynch. She simultaneously and successfully sued Merrill Lynch for a prior investment loss of $50,000. After completing her training with Merrill Lynch, she remained at the firm until 1983 when she left to become vice-president of investments at Prudential Bache Securities.

In 1987, Orman resigned from Prudential and founded the Suze Orman Financial Group, in Emeryville, California. She was director of the firm until 1997.[16]

In 1995, Orman, published her first book, You Earned it Don’t Lose it going on extensive tour to promote the book, eventually selling 700,000 copies. Her second book, The 9 Steps to Financial Freedom, sparked her rise to fame, selling over 3 million copies.[citation needed]

Orman’s success continued through the late 1990s and early 2000s with the release of The Courage to be Rich in 1999. That same year she was named one of Money magazine’s “Power Brokers.” More popular titles soon followed, including 2001’s The Road to Wealth and 2003’s The Laws of Money, The Lessons of Life. She became a hit on public television having many financial specials based on her books. This resulted in her own television show on CNBCThe Suze Orman Show, which has been on the air since 2002. Orman received many accolades for the show including a Daytime Emmy Award for Oustanding Service show Host.[citation needed]

In February 2008, Orman gave away 1 million electronic copies of her book Women and Money following an appearance on The Oprah Winfrey Show. Orman has also been featured on the Food Network‘s Paula’s Party alongside RuPaul.

In January 2011, Orman appeared on the TV show, “Oprah’s Allstars”..

Orman writes an advice column for O. She is the former author of Yahoo!‘s “Money Matters” and has written for the Costco Connection magazine. She is also a contributor to theThe Philadelphia InquirerLowes MoneyWorks, and Your Business at Home Magazine.[18][19]

In January 2012, Orman’s new six-episode TV series America’s Money Class with Suze Orman premiered on OWN: Oprah Winfrey Network.[20]

Orman’s prepaid debit card Approved card was released in January 2012. U.S. News & World Report in 2012 named it as one of the top five prepaid cards out there today. Card Hub in July 2012 named it as the number one card to use for children’s allowances.


Orman has written nine New York Times Best Sellers; and has written, co-produced, and hosted seven PBS specials based on her books; and is said to be the most successful fundraiser in the history of public television.[3] She is also considered a “top seller” on the QVC home shopping network.[4] Orman won the Daytime Emmy Award in 2004 and 2006 in the category of Outstanding Service Show Host for her PBS pledge drive specials, The Laws of Money, The Lessons of Life and The Money Show for the Young, Fabulous, & Broke. Orman has also won six Gracie Awards.[5]

Personal life

In February 2007, Orman told The New York Times Magazine that she is a lesbian.[21][22][23][24][25] According to her Twitter page, Orman married Kathy Travis, a co-producer onThe Suze Orman Show, in South Africa in September 2010.[26]

According to the Federal Election Commission, Orman has donated money to the Democratic National Committee and to the 2000 Senate campaign of Hillary Clinton (D-NY).[27] In 2008, Orman donated $28,000 to the Democratic National Committee.[28] She stated in an interview with Larry King in 2008 that she favors the economic policies of the Democratic party and President Barack Obama.[29]

In an April 2008 online interview with The Young Turks, Orman stated that her net worth is more than ten million USD.[30] As of 2012, it is reported that Ms. Orman is worth more than 30 million USD.



  • You’ve Earned It, Don’t Lose It: Mistakes You Can’t Afford to Make When You Retire (with Linda Mead) (1995)
  • The Nine Steps To Financial Freedom (1997)
  • The Courage to Be Rich (1999)
  • The Road to Wealth (2001)
  • The Laws of Money, the Lessons of Life… (2003)
  • The Money Book for the Young, Fabulous and Broke (2005)
  • Women and Money: Owning the Power to Control Your Destiny (2007)
  • Suze Orman’s 2009 Action Plan (2009)
  • Suze Orman’s 2010 Action Plan (March 2010)
  • The Money Class: Learn to Create Your New American Dream (March 2011)


Orman is also creator of a number of non-book products, primarily CD-ROM-based services that offer education and various financial services usually in conjunction with her books and writings.

  • Suze Ormans FICO Kit – First offered in 2002 in conjunction with Fair Isaac Corporation.
  • Suze Orman’s Will & Trust Kit – Introduced in 2005 with her personal trust attorney.
  • Suze Orman’s Insurance Kit – Introduced in 2007.
  • Suze Orman’s Protection Portfolio – First introduced in 2002, in third version.
  • Suze Orman’s Identity Theft Kit – First offered in 2008, in conjunction with TrustedID.
  • Suze Orman’s Save Yourself Retirement Program – Introduced September 2009, in conjunction with TD Ameritrade.


  1. ^ Q&A with personal finance guru Suze OrmanSan Francisco Chronicle, 25 October 2008
  2. ^ Pronunciation of Suze Ormaninogolo. Retrieved 2008-04-03.
  3. a b “Suze Orman – Money Matters”, yahoo! finance. Archived on October 13, 2007.
  4. a b [1] Archived from the original on December 11, 2008. Wholelife
  5. a b Ann Curry, Dateline wins Gracie Allen awards, msnbc.com, 3/2/2006
  6. ^ Dominus, Susan (2009-05-17). “Suze Orman Is Having a Moment”The New York Times.
  7. ^ “If you knew Suze…”Kiplinger’s Personal Finance Magazine. 1998.
  8. a b “Suze Orman’s Spiritual Side –”. Forward.com. Retrieved 2012-06-16.
  9. ^ “News – Suze Orman”. The Jewish Journal. Retrieved 2007-11-01.
  10. ^ Cantor, Danielle. “Successful Women: Suze Orman”Jewish Woman (Jewish Women International) (Fall 2004). Archived from the original on 2008-09-23. Retrieved 2007-05-30.
  11. ^ Bloom, Nate (2004-06-11). “Celebrity Jews: Briefly noted”j. (San Francisco Jewish Community Publications Inc.). Retrieved 2007-05-30.
  12. ^ Iwata, Edward (1999-05-04). “Personal finance guru Suze Orman is keepin’ it real despite her astounding success”. San Francisco Chronicle. Retrieved 2007-05-30.
  13. a b Post to Wall. “Suze Orman receives honorary degree, addresses University graduates.”. Dailyillini.com. Retrieved 2012-06-16.
  14. ^ “History from Orman’s website”. Suzeorman.com. Retrieved 2012-06-16.
  15. ^ Women & money: owning the power to control your destiny Suze Orman, pgs. 27-8; Random House, Inc., 2007; ISBN 0-385-51931-1ISBN 978-0-385-51931-1.
  16. a b Andriani, Lynn (2003-02-24). “The Dollars and Sense of Suze Orman”. Publishers Weekly. Archived from the original on 2008-09-20. Retrieved 2008-01-25.
  17. ^ Orman, Suze (2008-06-05). Women and Money (TV-program). PBS pledge programming: PBS.
  18. ^ Orman, Suze. “Moving Past Fear and Toward Success.“, Your Business at Home Magazine, Volume 3, Issue 1, January 2008, p. 36
  19. ^ “Internationally Acclaimed Personal Finance Expert; Host of CNBC’s, “The Suze Orman Show””. KeySpeakers.com
  20. ^ “America’s Money Class with Suze Orman“. channelguidemag.com. 2012-01-09.
  21. ^ [2][dead link]
  22. ^ [3][dead link]
  23. ^ Lo, Malinda. “Suze Orman Comes Out“. AfterEllen.com. 2007-02-25.
  24. ^ “Money maven Suze Orman comes out“. The Advocate. 2007-02-23.
  25. ^ “Your New American Dream”. Suze Orman Show (CNBC). January 22, 2011
  26. ^ Orman, Suze (January 26, 2011). “SuzeOrmanShow”Twitter.[unreliable source?]
  27. ^ “NEWSMEAT ▷ Suze Orman’s Federal Campaign Contribution Report”. Newsmeat.com. Retrieved 2012-06-16.
  28. ^ http://www.newsmeat.com/fec/bystate_detail.php?st=PA&last=Orman&first=Suze
  29. ^ “Larry King Live” (transcript). CNN. January 2, 2008.
  30. ^ “She’s So Money” by Deborah Solomon, Sunday New York Times magazine; 25 February 2007.

External links

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