07.20.22 Inflation & Changing Buying Habits / Training Programs Pose A New Student Debt Hazard

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 20 July 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

New data illustrates how people are now stretched financially, trading down retail purchases while overall, credit card debt is up. Clark shares some back to basics measures for more mindful spending. Also, current dislocations have opened up a fast growing area of abuse in the trade and technical school funding arena. What to look for - and look out for - when considering training alternatives to college. Inflation Shoppers: Segment 1 Ask Clark: Segment 2 Training Contract Warning: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Should I Buy a Used Car, New Car or Lease Right Now? Mint Review: 5 Things To Know About the Free Budgeting Tool How to handle money when you're traveling overseas The Best Credit Cards With No Foreign Transaction Fees Don’t Get Dinged at the Gas Pump by New Visa and Mastercard Policies Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is my pleasure to welcome you to the Clark Howard Show, where our mission is to serve
0:10.5	you and empower you so you make better financial decisions in your life.
0:15.3	In this episode, I have a story to share with you that I recently experienced with my
0:21.8	teenage son that is really demonstrative of where our heads are right now with inflation.
0:31.0	And speaking of teenagers, if you've got a loved one who is going to education after high
0:37.3	school, whatever that is, I want to talk about that process and what minefields you got
0:44.8	to look out for is you're guiding your young son or daughter into the education system
0:52.0	outside of high school.
0:54.8	Well, my son who has always been the inheritor of the name brand man label has suddenly discovered
1:08.3	a new level of thrift that I didn't know would happen.
1:14.4	The other day, he said, Dad, I really want to go to Ali's bargain outlet.
1:20.2	Those are three words I never expected to hear out of Grant's mouth.
1:24.5	I want to go to the three words, Ali's bargain outlet.
1:28.8	So we get in the car and we drive over to Ali's and he's studying the place.
1:34.8	I don't know if he saw something online or whatever, but he's studying Ali's and we're
1:40.9	going through there and he said, Dad, why do you think this cereal's here?
1:45.9	It was funny because this brain was working like mine would have worked the why behind
1:50.6	something.
1:52.0	And so we found a big display of frosted flakes, Kellogg's frosted flakes.
1:58.3	And I said, Well, this one, if I were to guess, these ended up here because they were damaged
2:04.9	and shipping.
2:05.9	Look, all the boxes are damaged.
	...

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