Which Bills Should You Pay First?

by Tyler Osby on July 8, 2010

Some Sound Financial Advice

I’m not sure if you noticed, but morning television can be “light”, but as far as personal finance interviews go, this Suze Orman segment from The Today Show is loaded with practical financial planning advice.

I’ll be real honest with you — I don’t agree with a lot of what Suze says.  However, there are some things that she says that I can support.  I’d say this interview is filled with those things.

Titled “What Should You Do First?”, Ms. Orman addressed the real-life, money management conundrums households face, such as:

  • Should I pay off credit card bills, or create an emergency cash fund?
  • Should I pay off student loan debt, or pay off credit card bills?
  • Should I save for a child’s college tuition, or save for my retirement?

In 5 minutes, the segment covers a half-dozen scenarios like the ones above, explaining what to do, and why to do it.

Ms. Orman’s style may not interest you and financial advice is rarely universal, but the piece is worth watching.

If you’re not seeing the video embedded on this blog post, you can watch the clip on the NBC website.

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