Full Show: Financially Supporting Your Kids and Paying Attention to Security Warnings
How long should you support adult children? A survey discovered that two-thirds of American parents are providing financial support to adult children. But for many, it’s at the cost of suffering financial hardship. What’s the right age to launch adult children? Share your thoughts in the comments below. Also, Clark has long talked about data breach alerts to help you protect your identity. However, research shows many of us don’t listen unless we’re told by family or friends. Clark has a special request for all of us.
Plus, Christa shares your #AskClark questions and Clark gives his take. All this and more on the December 21, 2023, episode of The Clark Howard Show.
Special note: It’s our 33rd year for Clark’s Christmas Kids! Together, we can ensure foster children wake up on Christmas morning with gifts to help make their holiday truly magical. Learn more or donate at clarkschristmaskids.com. Thank you for your generosity!
Thank you for listening today, Clarkies! If you want to be part of our “Clarkie” segment, call 404-981-2071 to leave a message and we may play it during a future episode
How to Avoid Paying for Your Kids Forever
https://money.com/page/parents-adult-children-financial-support/
How to Stop Enabling Financially Irresponsible Family Members
https://www.incharge.org/blog/how-to-stop-enabling-financial-irresponsibility/
Can I Charge Tenants for Solar Power? New Clean Energy Income for Property Owners
https://www.ivy-energy.com/blog/new-clean-energy-income-for-property-owners
As outlined in the Fair Credit Reporting Act, credit card issuers have the right to lower credit limits at will and may do so when a cardholder appears to be in financial trouble. If you missed due dates or carry high debt and only send the minimum payments, the issuer may shorten the limit.
https://www.bankrate.com/finance/credit-cards/how-to-prevent-your-credit-limit-from-being-lowered
Norton LifeLock says thousands of customer accounts breached
https://techcrunch.com/2023/01/15/norton-lifelock-password-manager-data/
Common scams on Venmo
https://help.venmo.com/hc/en-us/articles/360048404533-Common-Scams-on-Venmo
Top 11 Venmo scams: How to protect yourself in 2023
https://nordvpn.com/blog/venmo-scams/
How To Avoid the 14 Latest Venmo Scams [2023 Update]
Venmo is fast and easy to use. But is it safe? Here’s a list of the latest Venmo scams you need to watch out for and how you can keep your money safe.
https://www.aura.com/learn/venmo-scams
Unlike U.S. bank accounts, Venmo balances aren't insured by the Federal Deposit Insurance Corp. (FDIC).
https://www.investopedia.com/articles/personal-finance/032415/how-safe-venmo-and-why-it-free.asp#:~:text=Unlike%20U.S.%20bank%20accounts%2C%20Venmo,(FDIC).
Can you use Paypal as your bank account?
Is PayPal considered a bank account? PayPal is not considered a bank and does not receive FDIC insurance protection. However, you may receive FDIC insurance with some of PayPal's products and services that are offered through partner banks.
https://www.usatoday.com/money/blueprint/banking/can-you-use-paypal-as-your-bank-account/#:~:text=Is%20PayPal%20considered%20a%20bank,are%20offered%20through%20partner%20banks.
Venmo — now a subsidiary of PayPal — is another popular payment app. Venmo users typically use the app to send money to friends, thereby avoiding the hassle of exchanging cash or checks. While PayPal has expanded into a wider variety of payment-related services, Venmo is still mostly a peer-to-peer payment app.
https://money.com/venmo-vs-paypal/
PayPal Names Alex Chriss as Next President and CEO
https://newsroom.paypal-corp.com/2023-08-14-PayPal-Names-Alex-Chriss-as-Next-President-and-CEO
Mom had a Venmo account. They suddenly sent her a bill telling her they sent her $150. It was NEVER received in her bank or through her Venmo account. They REFUSED to help her out
So, because Venmo and PayPal are owned by the SAME COMPANY, she wrote to their President and CEO, Dan Schulman, at the time
Within 24 hours she received an apology and her problem with Venmo was TOTALLY GONE!
She IMMEDIATELY closed her Venmo and PayPal accounts. She'll NEVER use their services again.
And here is a letter June 15, 2023 written to Dan Schulman from Senator Elizabeth Warren, Senator Robert Menendez, Senator Jack Reed and Sherrod Brown Chairman Senate Committee on Banking, Housing, and Urban Affairs
We write in response to reports of widespread fraud and scams on Venmo, a peer-to-peer (P2P) instant payments platform that is owned by PayPal.1 We seek to understand how Venmo has allowed fraud and scams to proliferate on its platform and the steps that Venmo takes to keep users’ money safe
https://www.banking.senate.gov/imo/media/doc/venmo_letter.pdf
And as Clark mentioned in his video
How to do a Credit Freeze
Click here to learn how to do a credit freeze
Credit Karma
Click here to find out about Credit Karma
Video from Pubity at https://www.tiktok.com/@pubity
EVERY senior community needs an inoperable car with working radio in their parking lot. That way the senior can sit in it rocking out for the memories. For some that might be the only joy they have in life, especially if their families have taken them to senior communities or nursing homes and rarely, if ever, visit.
We think ALL HUD housing needs Solar. Just think of all the money they'd save the government!
Susan Auslander, age 89, Spearheaded a Solar-Energy Drive in Connecticut and it worked!
An octogenarian Hunter College alumna has spearheaded a successful drive to install solar panels throughout her Connecticut retirement community — and she’s just getting started.
(This was not for low income housing, but it could be.)
CLICK HERE TO READ WHAT SHE DID
Her Retirement Home Said ‘No’ to Solar Panels. She Got It to Buy 1,344.
In what seemed like a futile fight with her retirement community’s management, Susan Auslander, just shy of 90, found an opening.
CLICK HERE TO READ MORE ABOUT WHAT Susan Auslander did
Things my mom did when she lived in MN before she came back home to Colorado (Click news article name to read more.)
Got a bus stop at the library
and
Marshall woman petitions to have bus stop at library
Helped turn ALL HUD housing into non-smoking
Another game-changer in the works to eliminate smoking
and
HUD SECRETARY CASTRO ANNOUNCES PUBLIC HOUSING TO BE SMOKE-FREE
New rule protects health and safety of residents, saves PHAs millions of dollars in preventable damage
Nov 30, 2016
According to the Centers for Disease Control and Prevention (CDC), HUD's national smoke-free policy will save public housing agencies $153 million every year in repairs and preventable fires, including $94 million in secondhand smoke-related health care, $43 million in renovation of smoking-permitted units, and $16
https://archives.hud.gov/news/2016/pr16-184.cfm#:~:text=According%20to%20the%20Centers%20for,smoking%2Dpermitted%20units%2C%20and%20%2416
(Just think of how much it would save our government to add solar to HUD/low income housing!)
How To Use The Internet To Pay For Your Dental Bills
This is how mom got the funds to finance some of her dental work 8 years ago
(THE LINKS THEY TALK ABOUT FOR MOM ARE NO LONGER VALID - THIS WAS FILMED 8 YEARS AGO)
This is mom's interview on a National podcast. She was also interviewed by NBC National News about the harassment and stalking she's endured in 1994. It's off-and-on to this day, December 13, 2023.
