Jean Chatzky
Financial expert Suze Orman is the author of several best-selling books, including her latest title, Women & Money: Owning the Power to Control Your Destiny . In her book, Suze encourages all women to "save themselves" by saving more money and getting involved in their financial lives. Jean and Suze talk about some of the positive changes that women can make to get a better grip on their finances:

  • Start to save on a regular basis. Suze encourages every woman to create her own savings account, in her own name, and start putting away at least $50 every month.
  • Use a 401(k) if your employer offers one. "[Your employer's match is] the closest thing to a free lunch that you're going to get in this country," Jean says.
  • Join forces with other women. Whether you start one of Jean's Money Groups or you give a girlfriend a pat on the back for opening a savings account, both Jean and Suze say it's really important to support one another.
  • Don't fall victim to "money shame" or "money blame," Suze says. Whether you have more or less money than your friends and family do, don't hide behind guilt. Rather, recognize your emotions and change your behaviors. "Once you admit you are doing these things, then it is very easy to change," she says.
  • Know that when you expect more of yourself, you'll be setting a good example for your children, your family and your friends. "When you help yourself—when you save yourself, ladies—you then actually are saving every person that you love truthfully," Suze says. "You're really helping them, rather then pretending to help them."
The information provided here is general advice and you should always consult your own financial adviser before making major financial decisions, including investments or changes to your portfolio. The opinions expressed by the hosts, guests and callers to Oprah Radio are strictly their own.

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