Speaker 1: Let's say good morning now to the host of How
Speaker 1: to Money on KFI, Joel Larsgard.
Speaker 2: Morning, Joel, Morning Amy.
Speaker 1: Okay, so I think I finally got a four K TV,
Speaker 1: and now I'm supposed to double it.
Speaker 2: I know, I was shocked. I didn't realize that this
Speaker 2: was this technology had hit already. But apparently eight K
Speaker 2: TVs are a thing. So, yes, four K is this
Speaker 2: brilliant resolution, the likes of which my childhood self cannot
Speaker 2: even imagine, you know, watching playing his eight bit Nintendo
Speaker 2: on a crummy television, and then you had the tube
Speaker 2: TVs that were better. But like you remember how heavy
Speaker 2: those things were. I still remember trying to move out
Speaker 2: of an apartment with one of those things and it
Speaker 2: was like four hundred pounds.
Speaker 1: Oh, I threw out my back moving when I had
Speaker 1: a trolley on it. I was moving it and it
Speaker 1: was it was like a thirty two inch TV. Yeah
Speaker 1: it was. It weighed like four hundred pounds and I
Speaker 1: my back was damaged for like six months. Yeah.
Speaker 2: They weren't even like that large from a screen size,
Speaker 2: but the heft of those things was inside. And so
Speaker 2: then now we have these like light TVs that are
Speaker 2: easy to mount on the wall and they're in. You know,
Speaker 2: the picture on them is incredibly good, and now we're
Speaker 2: being asked to upgrade again. This is like a new
Speaker 2: Samsung product that's supposedly gives you eight K programming, although
Speaker 2: let's say how much of the programming is actually being
Speaker 2: shot in that higher resolution is another question You should
Speaker 2: be asking whether you're gonna get the biggest bang for
Speaker 2: your buck out of this TV. But even seeing that
Speaker 2: basically said, hey, we don't think it makes sense. We
Speaker 2: don't think these things are worth the money. People should
Speaker 2: not upgrade to these fancier new TVs. And I tend
Speaker 2: to agree, not because I know a whole lot about
Speaker 2: resolution on big screen sizes, but they basically say, hey,
Speaker 2: the picture quality is pretty similar to like the Oled
Speaker 2: TVs that that are four K. And I think it's
Speaker 2: one of those things too, where the price tag is
Speaker 2: going to come down significantly in the coming years. When
Speaker 2: you look at TV technology, that is one of those mainstays,
Speaker 2: or has been for many many years, is that prices
Speaker 2: just keep going down, so don't buy. It's kind of
Speaker 2: that pioneers get slaughtered sort of thing, where if you
Speaker 2: buy the expensive eight KTV, Well, you might not have
Speaker 2: the programming that's going to match the resolution. And then
Speaker 2: on top of that, you spent way too much because
Speaker 2: if you just waited a couple of years, you're going
Speaker 2: to get it for a whole lot less.
Speaker 1: Yeah, speaking of coming down, I was in Costco the
Speaker 1: other day and they had a fifty five inch TV
Speaker 1: for three hundred and twenty nine dollars.
Speaker 2: I mean, I believe it, and think about like on
Speaker 2: Black Friday. I don't remember exactly what they came down to,
Speaker 2: but pretty sure you could get fifty five ers for
Speaker 2: like one hundred and eighty bucks or something like that.
Speaker 2: I mean, when the deals hit in November and January,
Speaker 2: that's typically the best time to buy a TV. The
Speaker 2: prices are insane. And sixty five inches remember how those
Speaker 2: used to cost so much and those are kind of
Speaker 2: the new fifty five inch. You can get a sixty
Speaker 2: five inch four KTV for very little money these days
Speaker 2: if you're shopping sales. So yeah, I'm also partial to
Speaker 2: just owning fewer TVs and watching less TV in general.
Speaker 1: Okay, So, and what is the price tag on these
Speaker 1: eight ks TV? Splitting?
Speaker 2: So it depends on the size, but we're talking like
Speaker 2: three thousand dollars I think for the sixty five inches
Speaker 2: probably what you're gonna pay. Whereas when you think about
Speaker 2: the four K equivalent, you're you're talking about a fraction
Speaker 2: of that.
Speaker 1: And like you said, how many are shooting in eight K?
Speaker 1: So even if you get the eight K, do you
Speaker 1: really get the benefit of it unless it's specifically shot
Speaker 1: in that resolution? Right?
Speaker 2: Yep, at some point we'll start to see the movie studios,
Speaker 2: the television shows being sought in even higher definition, and
Speaker 2: these TVs might make sense like years down the road,
Speaker 2: but just not yet.
Speaker 1: All right, So let's talk price locks. I know, are
Speaker 1: you talking about on mortgages or what are you talking about? No?
Speaker 2: So this it's interesting more companies are saying, especially with
Speaker 2: all the tariff uncertainty, hey, why don't we do you
Speaker 2: a solid and give you a guaranteed price lock on
Speaker 2: our service for a few years. And so this is
Speaker 2: kind of one of those things that's seen as like
Speaker 2: an olive branch to consumers to make them feel a
Speaker 2: little bit better and realize, okay, cool, well I can
Speaker 2: just the price is the price for the next three years.
Speaker 2: I don't have to worry about them raising it on me.
Speaker 2: And I think maybe in some cases, in particular, if
Speaker 2: you're working with like a local service company, that might
Speaker 2: give you some peace of mind. But it's interestingly enough,
Speaker 2: I actually think this is a bad thing in many ways.
Speaker 2: So this is like Verizon and T Mobile are the
Speaker 2: ones who kind of launched this thing, saying, hey, for
Speaker 2: the next three years, we're going to guarantee pricing, join
Speaker 2: us and just we'll ensure that you don't have any
Speaker 2: sort of increase in your monthly bill. And that sounds
Speaker 2: super nice, and you're like, oh man, these benevolent, big
Speaker 2: companies are trying to do right by me at a
Speaker 2: time of price uncertainty. But I think, actually, interesting enough,
Speaker 2: similar to TVs, the price of cell phone service has
Speaker 2: gone down over the past few years, and so a
Speaker 2: price lock actually, while it sounds benevolent, isn't. And probably
Speaker 2: what it'll do is prevent people from shopping around like
Speaker 2: they should with some of those MB and O carriers,
Speaker 2: the mobile virtual network operator carriers like Mint and US Mobile,
Speaker 2: who are two of the best. If you shop around,
Speaker 2: you're gonna save a bunch versus going with the biggest companies.
Speaker 2: And so I think a lot of people are gonna
Speaker 2: see this price lock and they're gonna say, oh yeah,
Speaker 2: inflation tariffs, I should be worried about costs going up.
Speaker 2: Let me sign up for this, and ultimately it's actually
Speaker 2: going to cost them more by opting for the price lock.
Speaker 1: Okay, so be careful of price locks. And then real quick,
Speaker 1: we had talked about overdraft fees that were you know,
Speaker 1: they're like thirty five forty bucks, and the Biden administration said, nope,
Speaker 1: we're going to cut them to five dollars. So what's
Speaker 1: happening with that now?
Speaker 2: Yes, So, I mean, as as the writing's been on
Speaker 2: the wall, the Consumer Financial Protection Bureau is has been gutted,
Speaker 2: and a lot of the lawsuits that were taking place
Speaker 2: against some big companies in the United States against some
Speaker 2: financial companies are kind of going by the wayside. And
Speaker 2: this is one of those things where, hey, overdraft fees,
Speaker 2: that that proposal will bring them down to five bucks.
Speaker 2: Across the board, it's gone too And interestingly enough, I
Speaker 2: don't necessarily think this is a big deal because if
Speaker 2: you're with the banks that I talk about regularly, there
Speaker 2: are no overdraft fees with those banks. So if you
Speaker 2: are with Well Fargo, for instance, thirty five bucks a pop. Chase,
Speaker 2: they're a little nicer, thirty four bucks a pop. Bank
Speaker 2: of America Nice, are still ten dollars a pop for
Speaker 2: those overdraft fees. But if you're with Capital One discover
Speaker 2: ally ciit. The banks I mentioned regularly on how to Money,
Speaker 2: you're paying zero dollars like, they don't charge overdraft fees.
Speaker 2: So this is kind of a question of the open
Speaker 2: market and the competition in the banking sector. There are
Speaker 2: a lot of great banks out there who don't charge
Speaker 2: any overdraft fees at all already. So yeah, I get
Speaker 2: that some people might be bummed that these overdraft protection
Speaker 2: rules aren't coming into being, but I also think there
Speaker 2: are a whole lot of great choices already out there
Speaker 2: for folks, Okay.
Speaker 1: So shop around. So for more great tips on how
Speaker 1: to money, you can listen to Joel. He's around every
Speaker 1: Sunday from noon to two on how to Money at
Speaker 1: right here at CAFI Easy Easy And if you want
Speaker 1: to follow Joel and get more great tips and tricks
Speaker 1: throughout the week at how to Money. Joel.
Speaker 2: Thanks Joelarge Card, Thanks Amy.
Speaker 1: All right, take care