10.17.22 Your Financial Emergency Kit / Teaching Kids About Money

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 17 October 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Storms, fire, flood or other sudden misfortune could separate you from access to vital accounts and documents. Get Clark smart guidelines to help keep you and loved ones operational - just in case. Also, we’ve had several questions and comments from parents trying to teach their children about money. Clark shares just how important that is - and how to approach the subject effectively for kids and teens. Preparing for the What-Ifs: Segment 1 Ask Clark: Segment 2 Financial Education: Segment 3 Ask Clark: Segment 4 Mentioned on the show: 10 Steps To Strengthen Your Financial Emergency Preparedness Now -A checklist of what to do – and pack – when a hurricane’s coming How To Open a Roth IRA A Roth IRA for a Kid? Yes, You Can Turn Babysitting Money Into a Retirement Windfall. A Simple Trick To Paying Off Your Credit Card Faster Bumper - Investing for Teens Fidelity Bloom℠ - Financial App Bloom - Stock Investing App for Teens Investopedia Education / Money 101 | 5 simple money rules to last a lifetime 5 money skills all parents should teach their teenager Credit Karma Review: Free Credit Score and More at Your Fingertips How To Build Credit Best Secured Credit Cards: Top Picks for Building or Repairing Credit 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	It's my pleasure to welcome you to the Clark Howard Show where our mission is to serve
0:09.0	you and empower you so you make better financial decisions in your life.
0:14.5	In the recent episode I talked about different building methods that help us ride out literal
0:21.7	storms in our homes.
0:24.4	I mean think about what people have been through but how about riding out financial
0:28.7	storms.
0:29.7	I've got several steps I want you to take to be prepared.
0:33.0	It could be fire, storm, flood, or any other sudden misfortune.
0:37.9	We're going to talk about that.
0:39.7	Also we've had a lot of questions recently and comments from parents who are trying to
0:46.1	figure out ways to properly teach their kids about money and I want to share how important
0:53.0	that is and some ways you can get it done.
0:56.4	Okay, so when is it we tell our significant other spouse, loved ones, kids, relatives,
1:07.4	friends, parents, whatever, what our wishes are, what we've got, anything like that.
1:13.0	Usually the middle Tuesday and never.
1:14.5	We never get around to it because it's a conversation that is unpleasant because it means something
1:22.4	bad has happened.
1:24.4	So I want you to think about preparing for the what ifs.
1:30.4	Let's talk about the storms.
1:33.1	Storm comes.
1:34.4	How are you prepared for that?
1:37.1	Where's your key paperwork?
	...

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