Suze Orman warns these 4 financial blunders will set you back in a major way

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inflation continuing to put pressure on American wallets, she recently urged her readers to be more cautious with their spending. The Federal Reserve has also warned that "inflation remains uncomfortably above our target."Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howI'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast)Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAP"Please be extra strong right now, and scour your spending to find ways you can reduce your costs," she wrote in a post for Money Monday with Suze Orman.Here’s why her advice still applies now — plus four of her no-nonsense tips for how to manage your money through hard times.As part of her focus on financial health for October 2024, Suze recently reminded blog readers that this is a great time of year to review your benefits and insurance policies.Having solid insurance coverage is of the utmost importance, but many drivers simply tack their insurance policy onto their home coverage without shopping around.According to data from Bankrate, the national average cost for car insurance in 2024 is over $2,300 per year. However, by spending just a few minutes shopping around for rates online, you can potentially reduce your yearly car insurance costs by hundreds of dollars.Luckily, OfficialCarInsurance.com can help you compare rates for free.Just answer a few quick questions and the platform will sort through leading insurance companies in your area, including top providers like Progressive, Allstate and GEICO, ensuring you find the lowest rate possible."You are peeing $1 million down the drain as you are drinking that coffee," Orman once told CNBC (causing coffee drinkers across America to do a spit take)."Every single penny counts when you're saving for your future."And there are much better ways to optimize those seemingly trivial coins. For example, rather than sliding your spare change over to a barista every day, invest it using an app called Acorns.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,715.35 +4.15 (+0.06%)Dow 3046,519.72 +78.62 (+0.17%)Nasdaq22,844.05 +88.89 (+0.39%)Russell 20002,458.49 +16.14 (+0.66%)VIX16.63 +0.34 (+2.09%)Gold3,881.30 +13.20 (+0.34%)PortfolioSign in to access your portfolioSign inTop gainersONDS Ondas Holdings Inc. 9.21 +1.90 (+25.99%)RZLV Rezolve AI PLC 6.28 +1.22 (+24.01%)USAR USA Rare Earth, Inc. 22.71 +4.30 (+23.36%)RGTI Rigetti Computing, Inc. 35.40 +5.55 (+18.59%)FICO Fair Isaac Corporation 1,784.68 +271.97 (+17.98%)Top losersTRU TransUnion 73.51 -8.75 (-10.64%)EFX Equifax Inc. 232.35 -21.49 (-8.47%)FORD Forward Industries, Inc. 24.51 -2.22 (-8.31%)RIVN Rivian Automotive, Inc. 13.53 -1.08 (-7.39%)OXY Occidental Petroleum Corporation 44.23 -3.49 (-7.31%)Most activeOPEN Opendoor Technologies Inc. 8.01 -0.05 (-0.62%)INTC Intel Corporation 37.30 +1.36 (+3.78%)RGTI Rigetti Computing, Inc. 35.40 +5.55 (+18.59%)TSLA Tesla, Inc. 436.00 -23.46 (-5.11%)NVDA NVIDIA Corporation 188.89 +1.65 (+0.88%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersRGTI Rigetti Computing, Inc. 35.40 +5.55 (+18.59%)SOUN SoundHound AI, Inc. 17.84 +1.69 (+10.46%)TSLA Tesla, Inc. 436.00 -23.46 (-5.11%)OXY Occidental Petroleum Corporation 44.23 -3.49 (-7.31%)CRCL Circle Internet Group 149.72 +20.69 (+16.04%)Top economic events