05.18.26 Saving: Take It Up A Notch / Furniture Sales Traps
Recent financial statistics reveal something highly disturbing: The average American saves just 4% of their pay. Saving just four cents of every dollar earned is inadequate to provide long-term security and leaves the majority of the country living on the edge of a financial cliff. If you find yourself stuck in this cycle, it is time to embrace the "penny-at-a-time" strategy. Also, the upcoming Memorial Day weekend brings massive sales events at furniture stores. The industry is flat on its back due to a frozen housing market, with many retailers in acute financial distress. If you’re in the market for furniture, know how to play the pay game strategically to avoid getting burned.
- Average Saving Doesn’t Cut It: Segment 1
- Ask Clark: Segment 2
- Warning: Furniture Sales: Segment 3
- Ask Clark: Segment 4
Mentioned on the show:
- 4 simple ways to start saving
- Save Money Archives - Clark Howard
- Simple Trick To Pay Down Credit Card Debt Quicker - Clark Howard
- What Brokerage Do You Recommend for First-Time Investors or Kids?
- 4 Types of Term Life Insurance Companies Explained - Clark Howard
- Why You Need To Check Your Credit Report Today - Clark Howard
- NYTimes: America’s Furniture Stores Struggle to Survive a Frozen Housing Market
- 5 Things to Know About New Settlement That Could Change Credit Card Rewards
- SIM Card Swapping: The Dangerous Cell Phone Scam Everyone Needs To Know About
- This Simple iPhone Update Stops Dangerous Spyware From Stealing Your Data
- What Is a Passkey and How Do Passkeys Work?
Clark.com resources:
- Episode transcripts
- Community.Clark.com / Ask Clark
- Clark.com daily money newsletter
- Consumer Action Center Free Helpline: 636-492-5275
Learn more about your ad choices. Visit megaphone.fm/adchoices
More description
Recent financial statistics reveal something highly disturbing: The average American saves just 4% of their pay. Saving just four cents of every dollar earned is inadequate to provide long-term security and leaves the majority of the country living on the edge of a financial cliff. If you find yourself stuck in this cycle, it is time to embrace the "penny-at-a-time" strategy. Also, the upcoming Memorial Day weekend brings massive sales events at furniture stores. The industry is flat on its back due to a frozen housing market, with many retailers in acute financial distress. If you’re in the market for furniture, know how to play the pay game strategically to avoid getting burned.
- Average Saving Doesn’t Cut It: Segment 1
- Ask Clark: Segment 2
- Warning: Furniture Sales: Segment 3
- Ask Clark: Segment 4
Mentioned on the show:
- 4 simple ways to start saving
- Save Money Archives - Clark Howard
- Simple Trick To Pay Down Credit Card Debt Quicker - Clark Howard
- What Brokerage Do You Recommend for First-Time Investors or Kids?
- 4 Types of Term Life Insurance Companies Explained - Clark Howard
- Why You Need To Check Your Credit Report Today - Clark Howard
- NYTimes: America’s Furniture Stores Struggle to Survive a Frozen Housing Market
- 5 Things to Know About New Settlement That Could Change Credit Card Rewards
- SIM Card Swapping: The Dangerous Cell Phone Scam Everyone Needs To Know About
- This Simple iPhone Update Stops Dangerous Spyware From Stealing Your Data
- What Is a Passkey and How Do Passkeys Work?
Clark.com resources:
- Episode transcripts
- Community.Clark.com / Ask Clark
- Clark.com daily money newsletter
- Consumer Action Center Free Helpline: 636-492-5275
Learn more about your ad choices. Visit megaphone.fm/adchoices
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