Financial Friday Round-Up: March 1 – March 5, 2021
Welcome to the latest Financial Friday Round-Up, our weekly column filled with the best things for you to read, watch or listen to regarding finance around the web. Below you will find tricks to making better financial decisions, a guide to buying a house with your partner, a podcast on the middle class, and more.
Behavioral science explains a lot of the reasons why we make financial mistakes, like not saving and racking up credit card bills. Most of these impulses are tied to mental processes, so Bloomberg put together a list of mental steps you can take to avoid making bad financial decisions. Some of the advice may surprise you: who would have thought picturing yourself in a hot air balloon could help you make better long-term decisions?
Joint home ownership has been increasing for years, and with the record-low mortgage rates that emerged during the pandemic, more and more couples are looking to buy a home together. With the right amount of communication and consideration, it can be one of the most rewarding decisions of one’s life. For a primer on what to think about before making this huge financial decision with your partner, check out this great piece from Money.
The pandemic has hit working women much harder than it has working men, with the number of actively working women dropping 22% versus the 15.5% drop for men. Now, it is looking like that number has evened out — while neither group has reached pre-pandemic employment levels, the disparity looks to have thinned. Still, childcare duties seem to be largely shouldered by working women. For an idea of the bigger picture, read this piece from The New York Times.
For a light-hearted piece this week, Planet Money has a fun podcast on how the middle class has changed since The Simpsons first aired 30 years ago today. Take a break from the news for this nine-minute episode that paints a picture of just how quickly things can change for American families.