08.17.23 Money Apps For Kids & Teens / Reevaluating Subscriptions

The dominance of plastic and electronic forms of payment has made it more difficult to teach kids money basics. Not using real cash makes money seem like an infinite resource. Spending cards with parental controls has been the marketplace answer with fees attached. Clark discusses a new free offering from Chase. Also, renting goods is trending stronger these days, as all types of subscriptions are getting more expensive. Taken all together, these things can eat up your wallet over time. Clark breaks down the two subscription types with advice on how to reconcile your budget with the choices you have. 

• Youth Spending Cards: Segment 1
• Ask Clark: Segment 2
• Renting & Subscriptions Of Goods & Services: Segment 3
• Ask Clark: Segment 4

Mentioned on the show

• How Today’s Teens Get More Financial Firepower Than Past Generations
• This No-Fee Debit Card Lets Parents Supervise Spending - WSJ
• Venmo / CashApp for Grandkids - Clark Howard Community
• Best Credit Cards for Students: Top Picks for 2023
• Why Clark Howard Is So Excited About His Wedding Band
• The shift from owning to renting goods is ushering in a new era of consumerism — The Conversation
• 7 Types of Subscriptions You May Want To Cancel Today
• How To Manage Your Monthly Subscriptions To Save Money
• Best Credit Cards for Extended Warranty: Top Picks for 2023
• Team Clark Guarantee - Clark Howard

Clark.com resources

• Episode transcripts
• Community.Clark.com
• Clark.com daily money newsletter
• Consumer Action Center Free Helpline: 636-492-5275

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