Suze Orman's 5-Step Financial Action Plan

Homepage » Money » Suze Orman's 5-Step Financial Action Plan

By Suze Orman
The Oprah Winfrey Show | January 15, 2009

Comment (90)

I Like It

Step 3: Create a Spending Action Plan

Is your spending impulsive? How much do you buy each month that you don't really need? Reign in your spending in three steps.

1. Sit down with your expenses and separate wants and needs.
2. Circle all expenses that are wants.
3. If you have debt or no savings, eliminate the wants.

Do you know how much is coming in—and going out—of your bank account every month? Use Suze Orman's Expense Sheet to get a real look at your budget.

Use Suze's workbook exercises to help you decide what you need and what you want.

From The Oprah Winfrey Show Best Life Week: Your Money Plan 2009

From Oprah's Best Life Series

Your Best Financial Life Homework

Take Suze Orman's financial pledge and get calculators and tools to help you keep track of your money.

Protect Your Money During the Recession

Protect your home, family, investments and credit during tough times with this advice from Suze Orman.

Action Plans

Learn how to pay down debt, raise your FICO score, track your spending, start saving and prepare for retirement with Suze Orman's financial action plans.