$$ that is an initial investment.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
I’m the planner of my family of friends. I regularly buy concert tickets for me and my musically inclined friends. This habit of mine also leaves me holding the bag. Of course, my friends always pay me back, but not always as instantaneously as I would like.
Money transfers are much more instantaneous than waiting till the next I see my friend to be paid back. But, traditional wire transfers and their $25+ fee don’t make sense when the ticket is only $10.
That’s why I like to use my email and a no-fee cash transfer system.
Canadians have a gold-standard no-fee cash transfer system called Interac.
Enjoy moving money fee-freely via email!
(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)