06.08.23 Your Emergency Fund: The 1% Rule / 25% Savings On Groceries

Generally, close to half of Americans can’t cover the inevitable $400 or more unexpected expense. The mentality of tapping a 401(k) has taken hold. Running up credit card debt - not great either. Clark has a prevention suggestion to get you started on being prepared. Also, big grocery inflation has led to big changes in buying behavior. Clark talks about where people are getting the most for their grocery money. 

• 1% Saving Habit: Segment 1
• Ask Clark: Segment 2
• Save More On Groceries: Segment 3
• Ask Clark: Segment 4

Mentioned on the show

• NYTimes: It’s ‘More Expensive to Live,’ and Workers Are Cracking 401(k)s for Help
• Most Americans lack the cash to cover a surprise $400 expense
• Emergency Fund: Everything You Need to Know
• Can You Use a Credit Card on Venmo?
• Chase Sapphire Preferred® Card Review: What You Should Know About the Travel Card
• 5 Money Tips To Know Before You Travel Abroad
• Wise: the international account | Money without borders
• International Money Transfer from the United States - Revolut
• We Had a Recent Hail Storm. Should I Use My Insurance To Fix My Roof or Pay Out of Pocket?
• Report: Club stores absorbing grocery market share from supermarkets
• 22 Ways To Save Money on Groceries
• Fidelity Investments Review 2023: Pros & Cons
• Costco vs. Sam's Club Credit Cards Comparison: Which Is Better?
• Best Credit Cards for Gas Rewards: Top Picks for 2023

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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