Full Show: Don’t Make This “Trump Account” Mistake and Lock Your Phone Number Today

The new "Trump Accounts" for newborns offer free money from the government, but should you contribute your own funds? Clark breaks down the pros and cons, revealing a crucial mistake many parents might make with these new savings accounts. Also, learn about the alarming rise of SIM swapping scams and the one critical step you need to take today to prevent criminals from stealing your phone number and your money. Plus, Christa shares your #AskClark questions and Clark gives his take. All this and more on the August 6, 2025, episode of The Clark Howard Show. Submit your questions: https://clark.com/ask Related resources: https://clark.com/personal-finance-cr... https://clark.com/personal-finance-cr... https://clark.com/cell-phones/why-you... https://clark.com/cell-phones/sim-car... 00:00 - Intro 00:46 - Don’t Make This “Trump Account” Mistake 04:25 - Should college kids have separate auto insurance policies to reduce liability risk? (Lawrence in WA) 06:01 - Is it smarter to use savings or home equity to pay for a basement remodel? (Steven in MN) 08:27 - Can paying off credit cards before the statement date hurt your credit score? (Jerome in ME) 11:00 - Lock Your Phone Number Today 15:42 - Will aging baby boomers eventually lower U.S. home prices? (Rob in WA) 20:41 - Is wedding insurance worth it—especially during hurricane season? (Joy in NC) 23:09 - Can you really lose money in a Fidelity government money market fund? (David in IL) Clark.com: Advice You Can Trust: SUBSCRIBE:    / clark   Listen To The Clark Howard Podcast: https://clark.com/podcast Apple Podcasts: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/3lrwhe2... iHeartRadio: https://www.iheart.com/podcast/8-the-... Follow Us for More Money Tips: Website: https://clark.com/ Podcast: https://clark.com/podcasts/ Newsletter: https://clark.com/newsletters/ Instagram:   / theclarkdotcom   Facebook:   / clarkhoward   Need Consumer Advice? The Consumer Action Center is a free resource for advice on money and consumer issues. Call 636-49C-LARK (636-492-5275) and a member of Team Clark will assist you as soon as possible. The Consumer Action Center is available Monday-Friday from 10 a.m. to 4 p.m. ET. If you found this video valuable, give it a like. If you know someone who needs to see it, share it. Leave a comment below with your thoughts. Add it to a playlist if you want to watch it later. Our Promise to You: At Clark.com and ClarkDeals.com, we do not get paid for endorsements or reviews of any product or service, nor do we allow advertisers to place paid content on our sites. More information: https://clark.com/ad-disclosure/