9.6.19 Clark creates a $500 savings challenge; Clark Stinks

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 5.2K Ratings

🗓️ 6 September 2019

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re 10 years into economic expansion and people are still struggling. Most are in debt and unprepared for any unforeseen expense or emergency costing $400 or more. Hopefully, this economic downturn won’t turn into a full-blown recession, but we’re already getting calls from people who’ve been laid off. We are in a slowing time of uncertainty, so we need to prepare as we can. Recommendations for having 3 to 6 months of pay on hand are daunting and unrealistic for most. So start smaller with Clark’s $500 challenge. Think about saving $10 a week / $40 a month until you get to $500. Many online banks have no minimum, so put $ in regularly. Micro save. Take the baby step to begin creating some space in your life. If you’re living paycheck to paycheck with no cushion in your life, make this small start. What can you do to squeeze some money into savings? Get started small and keep building. Christa reads listener posts about how Clark has missed the mark in his advice this week. If you have a "Clark Stinks" to share you can leave it here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	How did Malcolm finally gain his cat's respect?
0:03.1	Was it because he saved 35% on Train 9 and bravely looked into the eyes of his dismissive pet,
0:09.2	where he saw something that said,
0:11.9	I don't actually hate you.
0:14.8	His Train 9 detanged for Malcolm gaining his cat's respect.
0:18.8	We hope so.
0:19.7	We really do.
0:21.4	Great journey start with Train 9.
0:24.2	Average savings for advanced fairs, rail cards and split-save were available
0:27.1	versus equivalent flexible fair at TNC's apply.
0:35.9	It's my pleasure to welcome you to the Clark Howard Show,
0:39.1	where it's about you learning ways to save more and spend less.
0:44.0	Don't let anyone ever rip you off.
0:47.5	If you feel ripped off by me, well, let me tell you something.
0:51.4	We have
0:52.7	Clark.com slash Clark Stinks, where you can post your unhappiness with me in a half hour from now.
0:58.5	You get to hear producer Krista read posts that people have put on Clark Stinks and see whether
1:04.6	you agree or disagree with how somebody feels I have failed to serve you.
1:11.4	So I've been struggling with something for the last couple of weeks.
1:19.1	And it's kind of eaten at me.
1:22.0	It was new data that says that the percent of Americans who can't handle a surprise emergency
1:32.4	expense is at an all-time record high.
	...

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