hi, everyone welcome to "on the money." i'm becky quick. whether you go digital, use a credit card or old-fashioned dollars cities are taking a stand on how you spend if you think it's tougher to find a greeting card these days, you're not alone one company trying to fix that with a little attitude too paying those college bills we all know it's not easy but how much debt should a parent take on for their kid's tuition? spring is in the air it's time to clean up, declutter and get organized. tips on streamlining your stuff. "on the money" starts right now. >> announcer: this is it "on the

money," your money, your life, your future. >> whether you use credit, debit, venmo or apple pay a growing number prefer digital payments over cash and some businesses no longer accept cash at all but critics say that practice should be illegal the dash from cash is our cover story and frank holland has more. >> reporter: philadelphia, pennsylvania, the birthplace of the american revolution appears to be starting a new revolution against a cashless economy >> there's a certain group of people just, for example, in philadelphia that, these few businesses went cashless, they couldn't go in there and that's not correct. >> councilman bill greenlee excludes membership based cars like costco and parking garages, the goal to protect consumers who are unbanked, meaning they don't have a checking or savings account. about 6.5% of households in the

u.s. are unbanked according to the fdic philadelphia is not alone. new jersey has also passed a cashless ban new york city and washington, d.c. are considering similar laws even in the heart of silicon valley, france lawmakers are proposing an even stricter cashless ban that would include amazon go stores here at philadelphia's redding terminal market consumers and merchants have strong feelings about this new law >> i feel like the cashless stores are exclusionary and philadelphia has a pretty high poverty rate so i think it's good for philadelphia in particular so that everybody has an option to shop where they want. >> that's a business decision. as more and more regulations are put on the small business owner, it's harder and harder to operate in the city. >> they don't like running business in philadelphia, move somewhere else. >> reporter: the councilman says he doesn't believe this law will discourage big business from

coming to philly. >> i really don't want to make it sound like it's anti-business. just a pro-person, pro-consumer. >> reporter: 30% of all transactions in the u.s. are made with cash, 27% with debit cards and 21% with credit cards. while a digital future may be inevitable, cash is still king >> recently san francisco passed its own law banning them new york city and d.c. are expecting similar bills to come up for a vote in summer. this week amazon opened one of its cash leerless ghost stores in new york city but it will take cash. that's being seen as a big win for the growing trend of cashless business bans becky. >> frank, in the story you said 6.5% of people are unbanked. did lawmakers in philly say why it was important to protect those. >> it's important to protect those and one in four that are underbanked saying they don't want people, seniors, minorities to be left out of the economy.

>> frank, thank you very much. frank holland. joining is steve cannon, the ceo of the amb group and runs the business operations at mercedes-benz stadium and home to atlanta united and the first to go cashless thanks for joining us. great to see you >> thanks, becky great to be here. >> your stadium went cash last back in march. since then you had five soccer matches and one concert. what's the reaction you've seen so far from the fans >> so far it's been really great. it's been smooth we have not run into any really big obstacles and i will say right up front we are not a cashless environment only because for our fans it's all about taking away pain points, making our experience as inclusionary as we can be and that's why we have reverse atms. for those folks that only deal in cash they can come into our building and use a reverse atm and load up a universal

visa/debit card and transact anywhere inside our stadium. >> what is the point of making sure it's cashless if you have a reverse atm where somebody buys a visa, debit card in-house. >> it's speed of transaction our demand model does not come evenly all about the quarter breaks and 70,000 people in our building and for their fan experience they want to get out of their seats and transact quickly for their beer and hot dog and get back to the interment to the game or match so when you've got thousands standing in line at halftime, our ability to transact quickly translates directly to a positive fan experience so cashless saves us precious seconds for each transaction which over a thousand people or thousands of people really adds up. >> can you do that in line at the bathrooms too? >> can't help there, becky, sorry. >> you're one of the very first stadiums to do something like this do you think this is the future

for all sports stadiums. >> i do because the demand model is the same across all of those and if they're focused on improving the fan experience and tan experience is a premium. now our competition is the 08-inch flatscreen so our ability to create an amazing environment at stadiums across the country will translate to our ability to fill those stadiums so, yes, i think it's an important point it takes pain out of the equation and ladders up to a batter experience, at least that's what our fans are telling us six events in. >> what's the reaction from your workers? have their tips dropped, gone up, staid the same >> we've shown -- some of our bartenders don't like the fact that it's cashless they like the fact that they can kind of pocket the tips in cash and walk away. we take all the tips, we aggregate them and give them right back but they come in their paycheck which makes them taxable income for them so we've

gotten a little bit of pushback from some of our workers but over time as they get used to it we're not worried about it at all and we're not losing workers bowers of it. >> what about the situation in philadelphia where they say that it's not fair that it leaves some people behind maybe it's not the same because everybody in your stadium already had to pay something maybe it's not the sim demographics you'd see but do you worry about any city regulator stepping in and saying you can't do this? >> well, i hope that they'll look to what we're doing because we've been really thoughtful we looked at this for the entire year last year we went more and more points of sale went cashless throughout the year we got confident that we'd be able to do that and the fact we have these reverse atms with a visa that can be used anywhere outside the stadium as well without a transaction fee, we went about this in a thoughtful way and hoping that as we just start to pass kind of

legislation they might look at mercedes-benz stadium of an example of how to do it right and be inclusionary at the same time as getting more efficient with transactions. >> steve, thank you very much. thoughtful conversation and appreciate your time. >> all right thanks, becky. up next we're "on the money. having trouble finding the right greeting card. one company helps you send a clear message with some attitude. later, if you're trying to make the numbers work to send your kid to college is taking on more debt the right move or a risky one? right now a look at how the stock market ended the week.

as we all know mother's day is this weekend and it is still the third biggest day for greeting card sales. holiday cards and valentine's day are the first and second place. back in 2012, emily mcdowell couldn't find cards that matched what she wanted to say so she created emily mcdowell and friends which is her own card company. thanks for being with us today. >> thanks so much for having me. >> i'll hold up one of your cards. you are a freaking great mom this is a little different than the message i would see on a traditional card what brought you to this >> i really wanted to create something that felt like it represented my reality and the reality of so many people out there, traditionally cards have been more of a social convention and that meant that they were kind of aspirational

relationships we wish we had, lots of gushing poems or really gushy love and that's not true of so many people's relationships and so it felt like there was an opportunity to create something that really spoke to the truth about the nuance of how we relate to each other today. >> a lot more modern than some of those things when you walk through and, oh, i don't know. >> which one do i hate the least. >> right, exactly. i have to say this is such an interesting place to create a new company because a lot has been written and talked about kind of the death of the greeting card, how it's a declining industry, why did you jump in and pick this area and think, okay, i'm going to do it differently. >> i feel like, yes, it's true that greeting card revenue overall is declining, but at the same time i think that cards are more meaningful than they ever been because so much of our communication is digital that cards really stand out and they can be even more special than

they have been and i also think that the way that i think about cards is we help people say the things, the best version of themselves would say if they could think of it and it's more of a communication tool than just sort of something your grandmother would send you on easter with a check in it. and we're really known for our empathy cards which are designed to give to people going through something major, an illness, loss, grief, those are the times when we really need communication from people and also ironically they're the times that we have no idea what to say and so providing that kind of support is something that i just saw an opportunity for that traditional sympathy cards didn't really do. >> i will admit i buy greeting cards less frequently than i used to, fewer holidays and fewer people that are special to

me but when i do go in it's like 8, 9 bucks for a greeting card how much do yours cost. >> they retail for between $4.50 and $6 depending on where the retailer is. >> who is your customer. >> mostly millennial women i would say we do get a lot of men around valentine's day buying cards for women, so women are pretty critical to our audience but women for the most part, we're finding too with younger customers is that they're buying them just to give to each other so it's less about sending in the mail and more about something like i saw this card for you, it spoke to our relationship, i needed to get it for you, here it is. >> where did you sell? >> at about 2,000 independent stores around the country and also on our website. >> emily, thank you very much for being with us. i hear everything you're saying about this, about the need for a change and a pretty stagnant industry it's good to see you. >> thanks so much for having me.

>> thank you up next, we're "on the money. solving the college equation if you need to close the funding gap is borrowing more the answer later, spring is in the air and dust is in your house. we've got tips and tricks to help you clean up and clean out. the support of a probiotic e and the gastroenterologists who developed it. align helps to soothe your occasional digestive upsets, 24/7 with a strain of bacteria you can't get anywhere else. you could say align puts the pro in probiotic. so, where you go, the pro goes. go with align, the pros in digestive health. and try align gummies, with prebiotics and probiotics to help support digestive health.

whether you have a high school senior heading to college

or a child following that path someday one question has probably crossed your mind, how will we pay for it for many families the answer includes loans but students aren't the only ones taking on debt senior personal finance correspondent sharon epperson joins us right now with more of all of this and, sharon, at this point in the game if you've got someone going away those tsiprass have made their decisions. now it's time to figure out how to pay for it. >> well, ideally you talked about this before they picked the school but sometimes there is a shortfall what are you supposed to do? when we look at how families pay for college and 2017/2018 it cost about $26,000 for the average family, about a third of that came from parent, parents' income saving and borrowing and, yes, students took out loan, about 14%. >> what's the difference between the loans the students take out and the loans the parents do >> the interest rate the main loan the parents take out, of course, they do other types of borrowing like try to tap their 401(k), bad idea or credit card, horrible idea or

even home equity loan or line of credit, also not a great idea because you could lose your house and you won't get the tax break anymore. >> that takes out a lot of ways. >> the way they're doing it now is the federal parent plus loan so that's a loan from the federal government it's at an interest rate of 7.6% which is higher thana federal student loan a federal student loan is 5% can you take any where from $5500 to $7500 and the average is about 6500. for a parent loan a parent plus loan the average amount taken out is over $16,000 because you can actually take out the entire cost of attendance minus your financial aid. it's a big amount you can take out that does not mean you should take that much out. >> let's talk about other potential options. some people may not feel comfortable with any of those. is there another one. >> go back to the financial aid office yes, they want your child. maybe they didn't get the enrollment numbers they wanted and have leftover aid.

you never know got to ask make sure your mapping out the federal student loans. that is lower. even if your child takes out the maximum amount and you help them pay that back, that's one way that you could have them borrow but at a lower rate and you're helping out. compare that parent plus loan to a private loan again, look at the different terms but if you can get a lower rate and have grade credit and disciplined about paying back the private loan may be the better way to go and pay back. while the child is in school sounds insane, how am i going to do it. $25 a month, just start small and start building that up we talk to a lot of financial experts about this and they all say when you pay, start paying off when the child is in school, you have a much better chance of, one, helping that child build up their credit history because they're showing they're paying back their loans and also not building up compound interest you have to then take on in terms of even more debt so make sure you pay a little bit at a time as soon as you can

excellent advice. >> thanks. declutter and destress tips on how to clean up and keep it that way.

♪ here are the stories coming up that may impact your money. on wednesday the closely watched retail sales report will be released we'll see how america's consumers are doing.

and we'll get the industrial production report for april. that shows the strength of the manufacturing sector and on this day back in 1997, a little company called amazon went public since then the stock is up 128,000% on thursday the philadelphia fed manufacturing report for may will be released then friday is the anniversary of the buttonwood agreement a document signed by 24 stockbrokers in 1792 which effectively created the new york stock exchange it's that time of year again. time for spring cleaning how can you get your house in order and clutter-free joining us to share her tips is laura fenton with "parents" magazine >> thanks for having me. >> there's nothing i hate more than doing spring cleaning how can you convince me it's something i need to do. >> if you need motivation there are actually several studies that link clutter and disorder in the home to anxiety and even depression and one of those studies found

that women are more affected than men as well so -- >> really? >> go figure >> so make me feel better, mind, body, soul, if i do this. >> think of it as like a bit -- a form of self-care if you will. >> give me tips for how to get my arms around it. let's just say it's hard enough to deal with my clutter let alone the kids what should i do >> adults know what to get rid of but kids, it's impossible so the trick that we use is when you're going through their play things, you can ask your kid, what feels babyish >> that's a good one. >> that usually helps them identify those things they don't play with anymore. because kids love to feel like they're a big boy or big girl and might be ready to let go of them. >> how do i prevent clutter in the first place. >> your kids come home and throw stuff on the clutter and they live there 4/7 that doesn't have a designated home so carve out places

maybe it's you clear out a drawer the lunch boxes go in and everyone knows that's their home or be a detective about things like purses that just get dumped >> that's me, i know >> maybe you look and see where it naturally lands and add a hook there in that part of your house. >> you say when it comes to cleaning there are some things you can use for multiple purposes what are you talking about. >> yes, one for example is a lint brush this is actually a great bathroom cleaning tool. >> what do you mean. >> so you're going to rub the sticky side over all the spots where dirt, dust, hair tend to gar up and the lint roller is going to pick it up. >> then i have to look at it, though. >> peel it off and dump it i would definitely recommend two, one for your clothe, one for your bathroom. >> i am sought sharing >> tips for keeping towels fresh. >> they're one thing that we spend money replacing them because they think they're old and tired. if you have that funky mildewy

smell, throw them in the warn, fill up the fabric softener compartment on your machine with white vinegar and the white vinegar is going to kill the bacteria causing the bad smell. >> then i'll smell is the white vinegar. >> i promise it will rinse right out and then another tip when you put them in the dryer, dry them until they are bone dry. >> i see you have spare socks. i have boxes of spare socks. >> this is a tip, i love it. instead of buying fancy tools put a single sock on your haendz and do the top of the blinds, mo molding and give each kid an orphan sock and challenge them how to get their sock puppet the dirtiest, you will be amazed what good helpers your little kids are. >> i'm taking your first tip which do you think are babyish. >> i have one for grown-ups too.

professional organizer told me this once, going through your clothes and trying to decide to keep it or get rid of it, ask yourself if you ran into your ex-boyfriend, wearing it would you feel good. >> i'll throw out my entire closet don't say that >> it's a surprisingly effective yardstick by which to judge your wardrobe >> laura, thank you so much for coming in. that is our show for today i'm becky quick. thank you so much for joining us next week counting on your 401(k) for your retirement, we've got the catch, though, that you may not have considered each week keep it right here we're "on the money. have a great one and see you next weekend

hey there. we're live at the nasdaq in times square, carter, mike and dan are getting ready for the show behind me here's what's coming up -- ♪ >> tech stocks got taken out, but the trade tantrum is weak, and dan nathan says there's one stock reporting earnings next week that could make or break the market rally he'll give us the details. plus -- >> get in, loser we're going shopping >> and so is carter worth and mike kho mike khouw because they sa there's one retail stock to buy that can weather the market