07.22.21 A money saving app warning for Android & iPhone users alike. / Welfare vs. Workfare - Free college that works.

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 22 July 2021

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Both Apple and Google are being sued over how they run their app stores. Clark explains the toll and the workaround. / Free college sounds great, especially with the outrageous price of higher education and the student loan burden so many carry. But is it a good idea? Clark points out where this has been successful, and why it can be good for citizen, state and country when it’s skills based, for the marketplace. Ask Clark topics include: How Much to Tip During the Coronavirus Pandemic / Can a Patient Advocate Help With Your Medical Bills? / How to Find and Claim Missing Money in Your Name / Authorized User vs. Joint Account Holder: Understanding the Difference for Credit Cards / 401(k) Guide: What Is a 401(k) Plan and How Does It Work? \\ 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

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0:00.0	This episode is brought to you by Lionsgate Plus.
0:05.0	Great entertainment is a crucial ingredient for the perfect night in, and Lionsgate Plus
0:09.8	offers you the kind of entertainment that sets your pulse racing and keeps you glued
0:13.8	firmly to the edge of your seat.
0:15.7	They've got nail-witing exclusive shows, mind-blowing original series, and heart racing
0:20.5	movies.
0:21.5	For entertainment that makes you feel, it lives on Lionsgate Plus.
0:26.1	Download the app and go to LionsgatePlus.com.
0:33.1	It's my pleasure to welcome you to the Clark Howard Show, our mission to serve and empower
0:39.3	you to make better financial decisions in your life.
0:43.6	In today's episode, whether you're an Android or iPhone user, I have a special warning
0:49.5	for you when you're using apps to save you big money.
0:53.8	Later, free college, being touted sounds pretty good, huh?
0:58.7	Is that a good idea?
0:59.7	I'll tell you what I think.
1:02.7	So both Apple and Google are being sued all over the place for how they run their stores,
1:13.1	the app store, the play store.
1:16.4	And what these two have been doing is they use their shared monopoly control over the ecosystem
1:27.2	of phones to put up toll gates to rip you off.
1:33.2	A lot of cases, you're not even aware how much you're being ripped off.
1:37.1	Then when you download an app that comes with a subscription or purchases, it's marked
1:42.9	up an additional 30% for the toll that they have to pay.
	...

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