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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Caitlyn MoorheadMon, October 6, 2025 at 5:28 PM GMT+2 4 min readYour financial success often boils down to the brass tacks of your money management style. How do your habits define you when it comes to spending, saving, investing and retirement planning?Be Aware: Key Signs Your Credit Card Is Quietly Wrecking Your FinancesUp Next: The New Retirement Problem Boomers Are FacingMoney expert Suze Orman knows about the common pitfalls that can jeopardize the stability of your personal finances. Her insights delve into the core principles of financial education and empowerment, emphasizing the vital role of understanding and managing debt, credit card balances and spending habits.Orman’s guidance is aimed at steering individuals away from financial missteps and toward a path of financial freedom. According to her, here are four money mistakes you can’t afford to make — and they’re too costly to ignore.Debt accumulation and mismanagement are significant money mistakes you really can’t afford to make, especially more than once. Debt binds you and obstructs your path to financial security. Orman stresses the importance of understanding your debt and striving to eliminate it as quickly as you can.Credit card debt is a primary example and clear indicator of financial trouble. If you can’t pay off your monthly balance in full, you’re already facing a financial challenge, especially if that debt comes with high interest rates. According to Orman, credit card debt signifies a deeper issue of feeling less and spending more to compensate.“You’re already in trouble if you get a credit card bill at the end of the month and you cannot afford to pay that off in full,” she said during an episode of her show. “You have got to make it your number one goal to get out and stay out of credit card debt.”Good To Know: Here’s Why You Always Want To Know Your Net Worth, According to a Financial ExpertAnother common error is closing credit cards after paying them off, especially those without annual fees. This impacts your credit score, which is vital for determining interest rates and financial opportunities in the future. Maintaining a good FICO score and a healthy credit report requires understanding the debt-to-credit limit ratio and managing your credit cards wisely.“You want a FICO score of about 720 or above,” said Orman. “About 30% to 35% of that FICO score is made up of something called your debt-to-credit-limit ratio, the credit limit that you have on all these credit cards. Your goal is to never have more than a 30% debt-to-credit limit ratio because the higher the credit limit ratio, the lower your FICO score.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,714.59 -25.69 (-0.38%)Dow 3046,602.98 -91.99 (-0.20%)Nasdaq22,788.36 -153.30 (-0.67%)Russell 20002,458.42 -27.93 (-1.12%)VIX17.24 +0.87 (+5.31%)Gold4,011.90 +7.50 (+0.19%)PortfolioSign in to access your portfolioSign inTop gainersDGNX Diginex Limited 24.20 +4.40 (+22.22%)TMC TMC the metals company Inc. 9.28 +1.56 (+20.21%)RGC Regencell Bioscience Holdings Limited 20.05 +2.80 (+16.23%)QURE uniQure N.V. 57.92 +5.01 (+9.47%)JHX James Hardie Industries plc 21.72 +1.63 (+8.11%)Top losersPTON Peloton Interactive, Inc. 7.31 -1.03 (-12.35%)MFH Mercurity Fintech Holding Inc. 32.01 -3.78 (-10.56%)SANM Sanmina Corporation 125.62 -14.38 (-10.27%)FLNC Fluence Energy, Inc. 13.83 -1.43 (-9.37%)FORM FormFactor, Inc. 38.83 -3.74 (-8.79%)Most activeOPEN Opendoor Technologies Inc. 9.29 +0.00 (+0.03%)PLUG Plug Power Inc. 3.8700 -0.2600 (-6.30%)DNN Denison Mines Corp. 2.8500 +0.0400 (+1.42%)RGTI Rigetti Computing, Inc. 43.91 +2.20 (+5.27%)F Ford Motor Company 11.92 -0.78 (-6.14%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersPOET POET Technologies Inc. 7.88 +1.50 (+23.51%)ORCL Oracle Corporation 284.24 -7.35 (-2.52%)BURU Nuburu, Inc. 0.4750 +0.2200 (+86.27%)GLTO Galecto, Inc. 17.92 +14.21 (+383.02%)TMQ Trilogy Metals Inc. 6.50 +4.41 (+211.00%)Top economic events