Hey my mustang is doing the same squealing as yours? It just started recently. How long can I drive it around like this until my tax money comes to change the clutch? Also I would like suggestions on the clutch to buy. This is just my daily driver that I drive to school and stuff so I don't race it.
If you don't have a ton of mods (Supercharger, Turbo, or serious NA power) the stock clutch is just fine. You could step up one notch and spend just a little more and go with the Ford Racing King Cobra. (This is assuming you have a 96 Mustang, which has the 10.5" clutch. The original thread starter has an 04, which comes with an 11" clutch, and he has a blower, so he needs the extra gripping power of an aftermarket performance clutch.)
I just replaced my clutch a couple months ago and went with the OEM clutch. The feel is, well, like stock, and the performance I expect is there - my tires spin in second gear, but my clutch is rock solid.
Don't make the mistake of spending too much for too much clutch. The performance, the feel, both will likely frustrate you and it won't make you any faster.
In addition, I'd buy your own clutch and have a shop install it for you. If THEY buy it, they'll likely mark it up, sometimes WAY up. You can find the King Cobra clutch kit pretty cheap for several sources. Apparently it is no longer available directly from Ford, but, if it helps, the part # for the King Cobra clutch kit is M-7560-C302N.
Your squeaky TOB may last 6 months or it may seize in 6 days. Get it done ASAP. You can lube the TOB by removing the clutch cable cover on the driver's side of the transmission and, after assembling a couple of those tiny plastic tubes you get from spray lubes or cleaners - tape 'em together to make 1 long tube - use a flashlight to see what you are doing and send some spray of lithium grease up onto the TOB. Be sure to stay clear of the clutch itself - grease and clutches do not mix well!
BEST OF LUCK!
Chris