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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Crystal MayerSun, Jul 20, 2025, 10:56 PM 4 min read/ SplashNews.com / / SplashNews.comWhen it comes to your personal money management strategy, sometimes it’s best to get back to basics. Whether you are looking to improve your credit score, develop saving money habits or boost your financial literacy, there are many positive steps you can take to build wealth.Trending Now: 3 Signs You’ve ‘Made It’ Financially, According to Financial Influencer Genesis HinckleyFor You: Clever Ways To Save Money That Actually Work in 2025Financial expert and bestselling author Suze Orman, who has an estimated net worth of about $75 million, is known for her easy-to-follow, no-nonsense money advice that can help people find financial freedom. She is famous for saying, “You are never powerful in life until you are powerful over your own money.”Here are five of her best money rules to get you started.Orman frequently speaks about living within your means. One way to do that is to tackle your credit card debt. She recommends that individuals call their credit card issuer and ask for the interest rate to be lowered.She notes that the average interest rate on credit cards is around 22%, which is high. So, a good money rule of thumb is asking for a reduction to help save you substantial amounts of money each month.She also suggests seeing whether you qualify for a “balance transfer deal.” In some cases, you might be able to snag a zero-interest rate for a 12- to 18-month period. Over that time, you can work to pay off your balance without having to worry about the interest.Read More: Suze Orman Says If You’re Doing This, You’re ‘Making the Biggest Mistake in Life’Another area that Orman regularly recommends is to have a healthy emergency fund. She often recommends that you should aim “to have an emergency savings fund that can cover up to 12 months of living costs.”An emergency fund can help to ensure you can withstand any financial hardships that come along.Orman firmly believes in creating a financial action plan, such as her 5-Step Financial Action Plan on Oprah.com. In it, she suggests that individuals pay off their credit card debt and raise their FICO scores before creating spending, savings and retirement strategies.Your spending action plan begins with separating all of your expenses into wants and needs. Next, you identify all of the wants. Then, you eliminate the wants if you do not have sufficient savings or are carrying large amounts of debt.Orman also routinely recommends you automate your savings. Her reasoning behind automation is it “is a proven way to stay committed to a savings goal.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,296.79 -0.57 (-0.01%)Dow 3044,342.19 -142.31 (-0.32%)Nasdaq20,895.66 +10.06 (+0.05%)Russell 20002,240.01 -13.67 (-0.61%)VIX16.41 -0.11 (-0.67%)Gold3,355.50 -2.80 (-0.08%)PortfolioSign in to access your portfolioSign inTop gainersSTEM Stem, Inc. 13.50 +4.23 (+45.63%)TLN Talen Energy Corporation 328.63 +64.63 (+24.48%)CRSP CRISPR Therapeutics AG 65.13 +10.04 (+18.22%)IVZ Invesco Ltd. 19.92 +2.64 (+15.28%)SOC Sable Offshore Corp. 31.69 +3.35 (+11.82%)Top losersMLGO MicroAlgo Inc. 14.66 -3.12 (-17.57%)ARWR Arrowhead Pharmaceuticals, Inc. 16.76 -2.09 (-11.09%)MOH Molina Healthcare, Inc. 182.98 -21.27 (-10.41%)ELV Elevance Health, Inc. 277.09 -25.36 (-8.38%)STNE StoneCo Ltd. 13.67 -1.24 (-8.32%)Most activeLCID Lucid Group, Inc. 3.0400 -0.0800 (-2.56%)QS QuantumScape Corporation 14.64 +1.04 (+7.65%)NVDA NVIDIA Corporation 172.41 -0.59 (-0.34%)WBD Warner Bros. 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