Amanda Stanhaus

Lease

I’m going to rent this for x years and promise to  pay y every month. Read carefully and then give it my autograph.

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

Debt Deal

I love deals.

Sale shoes. Day old bread. Debt.

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

If I’m going to pay off my debt, why not pay it off as cheaply as possible?

When paying off debt, deals can be made with interest rates and the associated interest payments. Sorry, there’s no changing the principle. Unless, maybe if I morph into Hermione, hmm…

mortgage’s interest rate can be lowered when refinanced.

Credit Card or Student Debt can be paid off in full with a line of credit. Lines of credit are known to have negotiable interest rates.

If the interest rate associated with a line of credit is less than the one associated with my current debt, a deal is within reach!

Go grab it!

image

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

Lease Transfer

I’m not into renting this place anymore. The lease (the property and promise to pay) is now the new tenant’s responsibility.

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