Financial Friday Round-Up: July 20 – July 24, 2020
Every week, our Financial Friday Round-Up compiles the best things to red, watch, or listen to regarding finance on the web. The articles below highlight three ways credit cards can lead to overspending, important advice for building mental resilience, a new work-from-home trend, and more.
As some companies consider embracing work from home even after the pandemic is over, innovative entrepreneurs are taking advantage by selling creative working spaces such as stand-alone sheds for working in your backyard. Now, workers looking for a little separation from their home life may not have to go much farther than out their back door.
There is nothing wrong with using a credit card to make a purchase as long as you end up paying your monthly statement, but it is also important to recognize the behaviors that lead people to overspend when they depend too much on these pieces of plastic. In this Business Insider piece, a behavioral economist explains three ways that credit cards can easily trick our brains into overspending.
This advice from the Wall Street Journal, while geared toward getting through the pandemic, can also be adapted to a number of situations in which resilience is needed — be it a family emergency, a bit of burnout or simply a bad run of business. Regardless of how you use them, these mental tools can be important for anyone who wants to learn healthy coping strategies for tougher times.
The pandemic has put a magnifying glass up to certain inequalities in the workforce by complicating the balance between career and caregiving that many women have faced for decades. While men have been feeling the pressure of caregiving as well in the age of COVID-19, it is important to notice how these factors can have a disproportionate effect on women due to society’s ingrained expectations and what we can do to help balance the equation.
Check out our other Financial Friday Round-Up posts for more great reads!