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Health expenses can cause financial strain without savings, Suze Orman warns
Suze Orman, financial advisor and author, urges individuals to build savings as a buffer against unexpected health expenses.
According to Orman, health insurance may not cover every cost, and without an emergency fund, health issues can quickly turn into financial stress. She emphasizes the importance of having a financial cushion before it is needed.
Orman has previously encouraged individuals to review their 401k contribution rates to ensure they qualify for the full employer match and maximize retirement savings in a recent report. She also launched a free webinar on financial uncertainty, focusing on the emotional aspects of money management. The initiatives follow her ongoing emphasis on practical and emotional preparedness for financial challenges.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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