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 are some pieces on the difference between credit scores, avoiding the money mistakes that can damage retirement, how to avoid homeowner regret, and more.
Encouraging news from the employment front as Forbes reported that 916,000 jobs were added in March according to the U.S. Labor Department. The news fittingly came on the anniversary of the shocking 6.65 million claims of unemployment that came the week of March 28, 2020. Read more for an optimistic look at a rebounding labor market.
If you have ever wondered why there are two different credit scoring companies and what their differences are, then this guide to FICO and VantageScore from Money is an essential read. A clear and detailed explainer on what each company takes into account when calculating your scores, this article is an important supplement to any financial literacy reading list.
Financial planners tend to notice patterns of money mistakes as over time, and Kiplinger has rounded up six of the most common ways in which people can accidentally damage their retirement. From taking too much investment risk to making the wrong return assumptions, check out this piece to avoid making the same mistakes.
Demand for homes rose sharply during the pandemic, with record-low mortgages and a shift to working from home giving many buyers the incentive to take the plunge into homeownership. However, as with any big purchase, sometimes buyer’s remorse sets in — in one survey, 55% of people said they regret taking out a mortgage since last March. Thankfully, Money offers this useful advice on how to avoid regret and make your house a home.