--- title: "Meaning & Key Takeaway of: Those carrying a credit card balance…" description: "\"Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.\" — Suze Orman" image: "https://sms4smile.com/quotes/i/b33/suze-orman-1007_balance_those-carrying-a-credit-card-balance-sho_2513253.png" --- # Those carrying a credit card balance should scale back to… ![“Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.” quote by Suze Orman](https://sms4smile.com/quotes/i/b33/suze-orman-1007_balance_those-carrying-a-credit-card-balance-sho_2513253.png) [Download](https://sms4smile.com/quotes/i/b33/suze-orman-1007_balance_those-carrying-a-credit-card-balance-sho_2513253.png) [Open image](https://sms4smile.com/quotes/i/b33/suze-orman-1007_balance_those-carrying-a-credit-card-balance-sho_2513253.png) > “Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.” [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Paying only the minimum on credit cards keeps interest high; reducing balances frees money for savings. **In simple terms:** Pay less interest, save more. Key Takeaway Pay more than minimum to save. Themes finance debt saving Mood practical concerned Type advice educational When to use this quote - credit card management - personal finance - emergency fund Key Concepts interest rates budgeting Questions to Reflect On - How much interest are you paying? - What savings goal motivates you? A Different Perspective Minimum payments may still accrue significant interest over time. ★ ★ ★ ★ ★ No ratings yet [Balance](https://sms4smile.com/quotes/about/balance/) [Credit](https://sms4smile.com/quotes/about/credit/) [Customer](https://sms4smile.com/quotes/about/customer/) [Each month](https://sms4smile.com/quotes/about/each-month/) [Payment](https://sms4smile.com/quotes/about/payment/) [Saving](https://sms4smile.com/quotes/about/saving/) [Savings](https://sms4smile.com/quotes/about/savings/) ## Related quotes > [If you make time each month to give your money some attention, you'll start the next year in fabulous financial shape.](https://sms4smile.com/quotes/suze-orman/if-you-make-time-each-month-to-give-your-money-some-attention-you-ll/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [“month—the money gives the women at least a small degree of discretion in spending and the prestige that comes from contributing to the family…](https://sms4smile.com/quotes/geraldine-brooks/month-the-money-gives-the-women-at-least-a-small-degree-of-discretion/) [Geraldine Brooks](https://sms4smile.com/quotes/author/geraldine-brooks/) > [You fall a bit behind on a credit card bill, your interest rate soars, your minimum payment rises, and you start falling more and…](https://sms4smile.com/quotes/jean-chatzky/you-fall-a-bit-behind-on-a-credit-card-bill-your-interest-rate-soars/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [If rather than setting the minimum balance as the lowest possible amount, so we keep people in debt for as long as possible, we…](https://sms4smile.com/quotes/richard-thaler/if-rather-than-setting-the-minimum-balance-as-the-lowest-possible/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward…](https://sms4smile.com/quotes/suze-orman/your-goal-should-be-to-pay-off-your-credit-card-bills-in-full-at-the/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [The way to build your savings is by spending less each month.](https://sms4smile.com/quotes/suze-orman/the-way-to-build-your-savings-is-by-spending-less-each-month/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [I'm not saying we need to make $20 million a fight but top guys like Jon Jones, Jorge, McGregor and those other top guys,…](https://sms4smile.com/quotes/curtis-blaydes/i-m-not-saying-we-need-to-make-20-million-a-fight-but-top-guys-like/) [Curtis Blaydes](https://sms4smile.com/quotes/author/curtis-blaydes/) > [If I hadn't gotten into the entertainment business, I would be probably making minimum wage still.](https://sms4smile.com/quotes/billy-bob-thornton/if-i-hadn-t-gotten-into-the-entertainment-business-i-would-be/) [Billy Bob Thornton](https://sms4smile.com/quotes/author/billy-bob-thornton/) > [I spend most of my time thinking about - whether I am making the minimum or a big number, salary-wise - how can I…](https://sms4smile.com/quotes/joey-votto/i-spend-most-of-my-time-thinking-about-whether-i-am-making-the/) [Joey Votto](https://sms4smile.com/quotes/author/joey-votto/) > [I used to work at McDonald's making minimum wage. You know what that means when someone pays you minimum wage? You know what your…](https://sms4smile.com/quotes/chris-rock/i-used-to-work-at-mcdonald-s-making-minimum-wage-you-know-what-that/) [Chris Rock](https://sms4smile.com/quotes/author/chris-rock/) > [Raising minimum wage doesn't just benefit the workers behind me, it creates a proven ripple effect that increases wages all the way up the…](https://sms4smile.com/quotes/joe-biden/raising-minimum-wage-doesn-t-just-benefit-the-workers-behind-me-it/) [Joe Biden](https://sms4smile.com/quotes/author/joe-biden/) > [I've never sat down to quantify how many hours I actually spend on the strip. I use the deadlines to estimate my progress; each…](https://sms4smile.com/quotes/bill-watterson/i-ve-never-sat-down-to-quantify-how-many-hours-i-actually-spend-on/) [Bill Watterson](https://sms4smile.com/quotes/author/bill-watterson/) > [I grew up in a house full of books, and we belonged to the Country Lending Service - each month the State Library would…](https://sms4smile.com/quotes/garry-disher/i-grew-up-in-a-house-full-of-books-and-we-belonged-to-the-country/) [Garry Disher](https://sms4smile.com/quotes/author/garry-disher/) > [On the third Friday of each month, I go to the Andy Griffith Museum. I get to meet hundreds of fans who stand in…](https://sms4smile.com/quotes/betty-lynn/on-the-third-friday-of-each-month-i-go-to-the-andy-griffith-museum-i/) [Betty Lynn](https://sms4smile.com/quotes/author/betty-lynn/) > [The fact must never be forgotten that no magazine publisher in the United States could give what it is giving to the reader each…](https://sms4smile.com/quotes/edward-bok/the-fact-must-never-be-forgotten-that-no-magazine-publisher-in-the/) [Edward Bok](https://sms4smile.com/quotes/author/edward-bok/) ## More by Suze Orman > [I've never believed unemployment numbers because the way that they calculate unemployment makes no sense whatsoever. It's not how many people are unemployed. It's…](https://sms4smile.com/quotes/suze-orman/i-ve-never-believed-unemployment-numbers-because-the-way-that-they/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Never invest emergency savings in the stock market.](https://sms4smile.com/quotes/suze-orman/never-invest-emergency-savings-in-the-stock-market/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Just because you can afford it doesn't mean you should buy it.](https://sms4smile.com/quotes/suze-orman/just-because-you-can-afford-it-doesn-t-mean-you-should-buy-it/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward…](https://sms4smile.com/quotes/suze-orman/your-goal-should-be-to-pay-off-your-credit-card-bills-in-full-at-the/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments - they may not be as…](https://sms4smile.com/quotes/suze-orman/consider-a-15-or-20-year-fixed-rate-mortgage-instead-of-a-30-year-if/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Believing you are worthy of love means that you believe I deserve to be treated well - with respect and dignity. I deserve to…](https://sms4smile.com/quotes/suze-orman/believing-you-are-worthy-of-love-means-that-you-believe-i-deserve-to/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Women fake orgasms and men fake finances.](https://sms4smile.com/quotes/suze-orman/women-fake-orgasms-and-men-fake-finances/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [If you're not staying on top of your money, you are putting your financial well-being at risk.](https://sms4smile.com/quotes/suze-orman/if-you-re-not-staying-on-top-of-your-money-you-are-putting-your/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [When you understand that your self-worth is not determined by your net-worth, then you'll have financial freedom](https://sms4smile.com/quotes/suze-orman/when-you-understand-that-your-self-worth-is-not-determined-by-your/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [ I think Oprah's \[winfrey\] learned from me that it's OK to be harsh on people because in one's harshness you can see transformation happen… ](https://sms4smile.com/quotes/suze-orman/i-think-oprah-s-winfrey-learned-from-me-that-it-s-ok-to-be-harsh-on/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [No well-planned retirement should be without long term care insurance. It is the very cornerstone of retirement security.](https://sms4smile.com/quotes/suze-orman/no-well-planned-retirement-should-be-without-long-term-care-insurance/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [The chances of a bank going out of business are extremely slim, but it's always a good idea to spread around major sums so…](https://sms4smile.com/quotes/suze-orman/the-chances-of-a-bank-going-out-of-business-are-extremely-slim-but-it/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [True generosity is an offering; given freely and out of pure love. No strings attached. No expectations. Time and love are the most valuable…](https://sms4smile.com/quotes/suze-orman/true-generosity-is-an-offering-given-freely-and-out-of-pure-love-no/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Be as good to yourself as you are to those you love.](https://sms4smile.com/quotes/suze-orman/be-as-good-to-yourself-as-you-are-to-those-you-love/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [I'm a big advocate of a work-for-pay setup rather than an allowance that isn't attached to chores - it's a great way to impart…](https://sms4smile.com/quotes/suze-orman/i-m-a-big-advocate-of-a-work-for-pay-setup-rather-than-an-allowance/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) [Explore all 309 Suze Orman quotes ](https://sms4smile.com/quotes/author/suze-orman/) ## More Balance quotes > [Balance suggests a perfect equilibrium. There is no such thing. That is a false expectation… There are going to be priorities and dimensions of…](https://sms4smile.com/quotes/denise-morrison/balance-suggests-a-perfect-equilibrium-there-is-no-such-thing-that-is/) [Denise Morrison](https://sms4smile.com/quotes/author/denise-morrison/) > [The bones of my architecture are very much related to the structure, to the physical fact of how a building can stand up; it's…](https://sms4smile.com/quotes/santiago-calatrava/the-bones-of-my-architecture-are-very-much-related-to-the-structure/) [Santiago Calatrava](https://sms4smile.com/quotes/author/santiago-calatrava/) > [I can still function when I don't have that balance I crave. I had a tendency to be precious about acting, thinking of it…](https://sms4smile.com/quotes/laura-regan/i-can-still-function-when-i-don-t-have-that-balance-i-crave-i-had-a/) [Laura Regan](https://sms4smile.com/quotes/author/laura-regan/) > [she got a reputation for an easy smile and a sharp tongue, and using one to balance the other, she seemed friendly but distant](https://sms4smile.com/quotes/dorothy-allison/she-got-a-reputation-for-an-easy-smile-and-a-sharp-tongue-and-using/) [Dorothy Allison](https://sms4smile.com/quotes/author/dorothy-allison/) > [Life's unfairness is not irrevocable; we can help balance the scales for others, if not always for ourselves.](https://sms4smile.com/quotes/hubert-h-humphrey/life-s-unfairness-is-not-irrevocable-we-can-help-balance-the-scales/) [Hubert H. Humphrey](https://sms4smile.com/quotes/author/hubert-h-humphrey/) > [“We don't need to strive towards balance, we rather need to work on the obstacles that are preventing the natural flow of balance.”](https://sms4smile.com/quotes/a-a-alebraheem/we-don-t-need-to-strive-towards-balance-we-rather-need-to-work-on-the/) [A.A. Alebraheem](https://sms4smile.com/quotes/author/a-a-alebraheem/) > [I think that kind of balance comes with the process of growing together as a band, the Little Dragon. We love to write, we…](https://sms4smile.com/quotes/yukimi-nagano/i-think-that-kind-of-balance-comes-with-the-process-of-growing/) [Yukimi Nagano](https://sms4smile.com/quotes/author/yukimi-nagano/) > [Balance is the ability to be happy in the midst of the most chaotic or even boring or transient circumstance.](https://sms4smile.com/quotes/frederick-lenz/balance-is-the-ability-to-be-happy-in-the-midst-of-the-most-chaotic/) [Frederick Lenz](https://sms4smile.com/quotes/author/frederick-lenz/) > [At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But…](https://sms4smile.com/quotes/george-soros/at-times-of-recession-running-a-budget-deficit-is-highly-desirable/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [It's my intention to make something stand outside the realm of album art, but it also feels comfortable to me to be in it.…](https://sms4smile.com/quotes/john-dyer-baizley/it-s-my-intention-to-make-something-stand-outside-the-realm-of-album/) [John Dyer Baizley](https://sms4smile.com/quotes/author/john-dyer-baizley/) > [Once you've gotten your money in balance, you know how much you have to spend on things that are just fun.](https://sms4smile.com/quotes/elizabeth-warren/once-you-ve-gotten-your-money-in-balance-you-know-how-much-you-have/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [I never understood how much running changes your life. I'm now obsessed. When not trying to beat my personal best, I'm talking to other…](https://sms4smile.com/quotes/sadiq-khan/i-never-understood-how-much-running-changes-your-life-i-m-now/) [Sadiq Khan](https://sms4smile.com/quotes/author/sadiq-khan/) > [Whatever needed to be done, I need to know how to do it just as well as my wife. You know, for us to…](https://sms4smile.com/quotes/jason-isbell/whatever-needed-to-be-done-i-need-to-know-how-to-do-it-just-as-well/) [Jason Isbell](https://sms4smile.com/quotes/author/jason-isbell/) > [I don't think my parents would have let me go straight into acting full time when I was 12. I do like to have…](https://sms4smile.com/quotes/felicity-jones/i-don-t-think-my-parents-would-have-let-me-go-straight-into-acting/) [Felicity Jones](https://sms4smile.com/quotes/author/felicity-jones/) > [When it comes down to music, I have no balance. I am 100 percent. It is like full throttle. Five hundred miles an hour.](https://sms4smile.com/quotes/yanni/when-it-comes-down-to-music-i-have-no-balance-i-am-100-percent-it-is/) [Yanni](https://sms4smile.com/quotes/author/yanni/) [Browse all 5,166 Balance quotes ](https://sms4smile.com/quotes/about/balance/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.", "creator": { "@type": "Person", "name": "Suze Orman" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/suze-orman/those-carrying-a-credit-card-balance-should-scale-back-to-making-the/", "about": { "@type": "Thing", "name": "Balance" }, "@id": "https://sms4smile.com/quotes/suze-orman/those-carrying-a-credit-card-balance-should-scale-back-to-making-the/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b33/suze-orman-1007_balance_those-carrying-a-credit-card-balance-sho_2513253.png", "contentUrl": "https://sms4smile.com/quotes/i/b33/suze-orman-1007_balance_those-carrying-a-credit-card-balance-sho_2513253.png", "url": "https://sms4smile.com/quotes/i/b33/suze-orman-1007_balance_those-carrying-a-credit-card-balance-sho_2513253.png", "width": 1080, "height": 1080, "caption": "“Those carrying a credit card balance should scale back to making the minimum payment each month so they have…” — Suze Orman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Suze Orman", "item": "https://sms4smile.com/quotes/author/suze-orman/" }, { "@type": "ListItem", "position": 4, "name": "Those carrying a credit card balance...", "item": "https://sms4smile.com/quotes/suze-orman/those-carrying-a-credit-card-balance-should-scale-back-to-making-the/" } ], "@id": "https://sms4smile.com/quotes/suze-orman/those-carrying-a-credit-card-balance-should-scale-back-to-making-the/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```