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💵 Today’s Top Stories
A cell phone chip shortage due to unexpected demand and tariffs for certain smartphone parts is pushing prices very high right now. Clark’s advice: Hold onto your old phone for now. Read more.
This apparently lucrative car wash business model is exploding. Here’s why you should be skeptical about signing up. Read more.
Surprise! Netflix just raised prices again. It now costs as much as $324 per year. Should you downgrade your subscription tier? And what are some cost-saving alternatives? Read more.
Here are details on 13 great streaming services loaded with free movies and shows, including genres and how much advertising you’ll see on each. Read more.
A Clark listener and business owner keeps more than 75% of his net worth in savings and CDs. Here’s what Clark has to say about that strategy. Read more.
🛒 Costco’s Checkout Experience Could Get Much Faster Soon
Costco has been running a pilot test for “automated pay stations” that take less than 10 seconds, saying customers have loved the speed and improved traffic flow.
For now, the technology works in tandem with employees “pre-scanning” the items in your cart while you wait in line.
As many great things as Costco memberships offer, go at the wrong time — say, a Sunday afternoon — and the checkout lines can be very long.
Costco “is pivoting from its traditional checkout roots to a high-tech pre-scan model and automated pay stations,” Fox Business reported.
These “automated” stations allow members to pay for pre-scan orders with an average transaction time of about eight seconds.
It’s unclear if or when Costco will roll out these stations to all of its stores. But considering Costco mentioned them on its latest earnings call, and customer feedback apparently has been quite positive, it seems like a real possibility.
Fox Business mentioned that Costco previously tested self-checkout at select stores, but that the system did not gain traction.
📊 Stat of the Day
📺 4: Number of times Netflix has hiked subscription prices in the last four years. On Thursday, it announced a price increase of at least $1 for every tier. The premium tier is up $2 ($26.99 per month) and the standard ad-free plan is up $2 ($19.99 per month).
💰 Deal Alert: Today’s Top Deals
🎙 Podcast
The "Big Three" credit bureaus are failing consumers. Equifax, TransUnion and Experian have essentially "put you on ignore." Clark discusses the latest research and what it means for your ability to buy a home, get a car, or even land a job. Plus, he has the tips you need to fight back if you find an error and you’re not getting answers. Also, new phones are getting more expensive. Should you upgrade now or wait? Clark shares why your current phone might be your best asset right now.
☎ 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.
