meta_pixel
Tapesearch Logo
Log in
The Clark Howard Podcast

06.30.21 Working Teens & Roth IRAs / How much should you spend on your wedding?

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 30 June 2021

⏱️ 27 minutes

🧾️ Download transcript

Summary

Clark believes it’s essential that teenagers work starting at 15. Every dollar they DON’T spend, they can put into a Roth IRA (with a parental match if possible). Teaching deferred gratification gets youths in the habit of saving money to build for the future. / The summer is prime wedding season, and with so much pent-up demand, weddings are back - in a different form. Why Clark loves this trend. Ask Clark topics include: Discover it Secured Review: Earn 2% Cash Back While Building Credit / Ask Clark: How should I handle cell phone calls when I travel overseas? / How to handle money when you’re traveling overseas / Schwab - 5 Ways to Save Money When Traveling Abroad / Mint Mobile Review: T-Mobile’s Network for Only $15/Month \\ Want more money advice? Sign up for Clark’s free daily newsletter! Free Advice: Clark's Consumer Action Center Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

It's my pleasure to welcome you to the Clark Howard Show where our mission is to serve

0:11.1

and empower you so you make better financial decisions in your life.

0:15.6

In today's episode, I want to talk about if a teen is working, what they should be doing

0:22.9

with the money they earn.

0:24.9

Because summertime, this year, teens are in much demand in the workplace.

0:31.2

I want to talk to you also later about weddings.

0:35.0

You know, so many weddings didn't happen because of Corona last year.

0:40.7

And a lot of people have a new appreciation for actually a wedding budget.

0:45.9

I'm going to talk about that.

0:48.7

Right now I want to tell you something that you probably don't know about me.

0:53.9

I believe that it is essential that teenagers work.

1:00.6

Maybe some part time during the school year and definitely during the summer.

1:06.4

I know today a lot of parents don't see it that way.

1:10.6

They want their kids learning how to do something like a year round sport that maybe make

1:17.2

some look better applying for college.

1:20.4

Or they want them to learn how to play some kind of musical instrument to an extreme

1:26.2

or whatever.

1:27.9

And those things are absolutely valid.

1:31.0

I think it is invaluable for a kid to be in the workplace.

1:38.4

Know what that means.

1:40.1

Know what it's like to get a paycheck and think you're making so much per week and see

1:46.9

after all the deductions how much you actually net out.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Clark Howard, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clark Howard and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.