The Clark Howard Podcast 03.05.25 Most Affordable States / What To Know About Tariffs
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Mar 5, 2025 Discover how the cost of living and retirement funds vary dramatically across U.S. states, with Hawaii topping the charts as the most expensive. Explore the economic implications of tariffs and their impacts on consumer prices. Clark also shares insights into car rental tips and high-yield savings options, emphasizing prudent financial strategies. Tune in for a compelling look at your money and how to navigate today’s economic landscape.
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Cost of Living Factors
- Housing costs are the primary driver of high living expenses in states like California and Massachusetts, not taxes.
- Unexpectedly, Michigan and Ohio are more affordable, while Florida's cost of living has increased significantly, causing many to relocate.
Credit Building for Students
- Your daughter does not need to pay extra to have on-time rent reported to credit bureaus.
- Focus on responsible credit card usage, which will improve her score organically.
Navigating BOGO Deals
- Don't assume supermarkets increase prices right before BOGO deals.
- High-low pricing strategy involves consistent markups already.