Amanda Stanhaus

Banking is a Business

Bankers are in business to make $$ off me and my account. They <3 fees.

(click on the bold-faced vocab words:))

Late feesAnnual feesOverdraft feesATM fees. Music to their ears… and $$ in their pocket.

It’s my responsibility to make sure their $$ made is the least amount possible.

I take the banking competition as seriously as they do.

I win when the sum of my fees< the sum of my interest payments. And I do a cartwheel each time I win.

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

R-squared

Correlation squared. Movements of a stock’s price, relative to an index. Close to 100, they move hand-in-hand.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)