Clark’s advice on how to deal with money-related stress
Money expert Clark Howard says you don’t have to be anxious when it comes to money matters. He’s a big proponent of people taking their financial lives into their own hands. He’s shared numerous ways to save over the years.
“We have a mentality in our country that you just borrow for what you want,” says in a May 2015 podcast from The Clark Howard Show. “The problem with it is the anxiety that it causes, the insecurity that results.”
“And because we now live in a society where jobs come and go and even successful companies will report record profits then the next week lay off thousands, you never know how secure your job is. And so to live a life where you owe money, then you never know where your paycheck’s going to come from, that’s too upsetting, that’s putting too much uncertainty in your life.”
The remedy? “Take action to reduce and eliminate your debt. Freeze those credit cards and dig out,” he says.
During his March 12 podcast, Clark speaks to wallet worriers directly and gives a sage saving tip: “Why create anxiety in your life? I’d like for you to start saving money. Start saving in small increments, increase by 1% every six months. The two yearly time changes [when Daylight Savings Time starts and ends] could serve as time markers to step up savings just 1%.”