Team Clark recommends just two lists that you can check to find the best financial advisors.
April 22, 2024 | Read Online | | | | Advertisement | | | Clark loves rewards credit cards but it comes with a warning. Find out more later on in this email. | | 💵 Today’s Top Stories | | | Team Clark recommends just two lists that you can check to find the best financial advisors. Here’s how to find the right one for you. Read more. |
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| | | Banks are offering a new digital payment method called Paze. Clark may not hate it as much as Zelle, but he says you can turn your back when your bank pushes it toward you. Read more. |
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| | | Bonds got beat up even when the stock market was struggling post-COVID. But they’re still important long-term, Clark explains. This type can give you a great tax benefit. Read more. |
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| | | We signed up for Cricket Wireless, with plans that begin as low as $30 a month. Here’s how it compares to other cheap cell phone plans. Read more. |
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| | 💳️ Clark Warns Millions of Americans Against Using Rewards Credit Cards | Clark loves a good 2% cash-back rewards credit card. | Team Clark covers rewards credit cards year-round. And Clark prefers that you use credit cards to pay for almost everything considering the cash back as well as the consumer protections. | But there’s a major caveat to that. If you’re someone who runs a credit card balance, you need to ignore this category of credit cards. It’s a deceiving trap for you. (By the way, that represents about half of all Americans.) | Among those carrying credit card balances, about two-thirds are using rewards credit cards. | “Why is that something that I would be upset about? Because reward cards tend to carry the highest interest rates of any credit cards,” Clark says. | “[The rewards are] fool’s gold because of what you’re paying in interest every month for the card. Forget the rewards if you’re not paying balances.” | Instead, Clark says, get a credit card from a local credit union. You’re almost sure to save big on interest. | “If you’re paying twice the interest, you’re not getting anywhere [with rewards cards]. You’re going backwards,” Clark says. “Don’t make the bank rich.” | | 🏠️ Today’s Current Mortgage Rates | According to Freddie Mac, 30-year mortgage rates are 7.10% and 15-year rates are 6.39% as of April 18, 2024. The following chart shows the 30-year mortgage rate trend over the last year. | | Refi Info | Mortgage Refi Calculator | | 📊 Stat of the Day | | | 💰️ Deal Alert: Today’s Top Deals | | | | | 🎙️ Podcast | | Full Show: Clark Stinks! and Working Less on Fridays |
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| It’s time for "Clark Stinks!" Christa reads the latest "Clark Stinks!" submissions and Clark responds. Also, in some jobs, Fridays have become slightly less productive than other workdays. Clark explains why it’s not a bad thing! | | | ☎️ Need Money Help? | The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information. | | Advertisement | | | | | |
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