Welcome to our latest Financial Friday Round-Up, where we scour the web for the best things for you to read, watch, or listen to regarding finance every week. Below is an article on avoiding COVID scams, when to pay off high-interest debt before putting money in savings, advice on how to sharpen your cold call skills, and more.
Scammers have come out of the woodwork this year to seize upon the confusion of the pandemic, posing as everything from the government to trusted brands to try to convince people to part with their money. This article from Money helps you identify their methods and avoid any scams that might come your way.
Business Insider gives us an explanation of why financial planners recommend that high-interest debt should be paid off before saving extensively. This piece will help you understand your interest rate and determine whether it is higher than what you might earn by saving or investing, breaking down precisely when you need to prioritize your debt over your savings plan.
Even those who are not in sales will have to use a sales technique every once in a while. Cold call skills might come in handy at many points in your career, and it can give you an edge to keep them sharp. Check out this Forbes guide on how to close a cold call for advice on how to hone these skills.
The Wall Street Journal asked financial experts, academics, and researchers about the most common mistakes they see in a recession and how people can avoid them. Read this piece for valuable insight on what to do with emergency savings, how often to check your credit score, and other habits to be mindful of in an economic downturn.
Check out our other Financial Friday Round-Up posts for more great reads!