Welcome to a SPECIAL EDITION of the Clark Howard Show, where our mission is to serve and empower you to make better financial decisions in your life. Today, Clark hits on a few key basic strategies to have more money in your life: They are:
- SPEND LESS: Need vs. Wants and how to tell the difference
- Clark’s strategy to start saving TODAY for retirement - regardless of your age
- SAVE MORE on transportation
- AVOID GETTING RIPPED OFF by protecting your identity and credit
Segment 1: Behavioral - Back to basics on needs vs. wants
Segment 2; Start saving today for retirement
- Begin with 1%, or up to an employer match if possible and available
- When you get a raise, pretend you didn’t and increase your contribution
Segment 3: Only buy a car you can afford
- If you have to take a loan, 42 months maximum
- Compare loans
- Consider buying used
Segment 4: Protect your identity
- Don’t ever carry checks or your Social Security card
- Your credit is the key to your identity -Freeze your credit!
- Don’t use a debit card
- Use virtual card numbers online
Mentioned on the show:
Clark.com resources
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