Living a frugal lifestyle doesn’t mean denying yourself of all pleasures, as proven by financial guru Suze Orman. In a recent interview with The Wall Street Journal, Orman opened up about her money-saving habits and surprising indulgence – private air travel.
Despite her success, Suze Orman is not one to throw money away. She resides in the Bahamas with her wife, Kathy Travis, affectionately known as KT. Orman has disciplined herself to rise early every morning to catch up on the news and weather, carefully planning her week around the optimal fishing days. However, she is not a fan of splurging on daily luxuries like dining out and purchasing morning coffee. “I believe that eating out on any level is one of the biggest money wasters out there,” she declared in the interview. Instead of frequenting restaurants, she prefers brewing her own coffee at home, a testament to her thrifty philosophy.
But despite her aversion to unnecessary expenses, Orman lets go of her frugal habits when it comes to travel. The financial expert doesn’t hesitate to indulge in private air travel, admitting, “I seriously splurge on private air.” It is evident that she sees the value in luxurious transportation, except for longer-distance trips to Europe, which she considers “ridiculous.”
Orman’s practical yet indulgent approach to spending is driven by her well-established financial wisdom. As a bestselling author and podcast host, she has stressed the importance of living below one’s means but within one’s needs. She advises people to distinguish between wants and needs before making any purchase, a method she swears by for saving money. Her popular book “9 Steps to Financial Freedom” has sold 3 million copies, and her advice continues to inspire many.
It’s uplifting to see a financial expert like Suze Orman embody a balanced approach to managing money. Her relatable frugality combined with the occasional splurge on private air travel shows that it is possible to enjoy the finer things in life while staying financially responsible. In a world where constant spending and materialism often take precedence, Orman’s perspective serves as a reminder that living sensibly doesn’t equate to deprivation. Instead, it’s about making conscious choices that align with one’s financial goals and priorities.