How to Money

Ask HTM - Avoiding the Credit Card Burn, Timing a HELOC, & Solar to Retire Sooner #1045

16 snips
Oct 6, 2025
This week, financial gurus tackle a variety of listener questions! Discover how to avoid credit card interest with smart autopay strategies. Learn when to secure a HELOC, especially before a potential income drop. They dive into whether investing in solar panels can help you retire earlier, weighing the costs and benefits. Plus, gain insights on how to persuade your parents against a risky loan for HVAC upgrades. Finally, explore affordable cellular options for kids’ smartwatches. An engaging mix of finance and practicality awaits!
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ANECDOTE

Thrift Stores For Occasional Clothing Wins

  • Matt and Joel told thrift-store stories about scoring cheap funeral clothes and kids' outfits for a few dollars.
  • They emphasized thrift stores as smart, frugal sources for seldom-used or rapidly changing clothing needs.
ADVICE

Auto-Pay Statement Balance Is Sufficient

  • Auto-paying the statement balance prevents interest as long as you pay it in full by the due date.
  • Keep autopay as a safety net but manually pay or review after big purchases to manage credit utilization and awareness.
ANECDOTE

Credit Card Won Me A $900 Refund

  • Joel described a canceled car rental that never refunded him and how his credit card issued a temporary credit.
  • The credit card protected his cash while they pursued the merchant and ultimately credited him $900.
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