Amanda Stanhaus

Category: Financial Literacy

Student Discount

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While I do not miss my college classes one bit, I do miss one perk—student discounts.

A friend of mine, who will remain nameless, is a career gal like me. Yet, she graduated early and has a seemingly valid student id.

For those with student ids, use them to get discounts for the following:

Travel

Clothing

Tech

Movies

Everything else

Enjoy your student discounts while you can!

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

Jack Kennedy on Cash

“Like most wealthy men Jack rarely carried cash and was notorious among his friends for leaving them to pick up the tab.”- Sarah Bradford, Jackie’s Biographer.

Jack Kennedy is one of my fave presidents. But when I read about how Jack handled money, courtesy of Jackie’s bio, all I had to say was, “Oh, Jack…”

Not cool. Of course it’s nice to treat friends (plus boyfriends and girlfriends) on occasion, but it shouldn’t be forced.

I always make sure I have the means to pay before I buy. But if something runs amuck, I pay back my friend ASAP over email.

Stay cool and always have cash on hand!

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

 

 

 

Jackie on Prenups

“I didn’t want to barter myself.”— Jacqueline Kennedy Onassis

This was Jackie’s stance on prenuptial agreements. She did not have one with either husband, Jack or Ari.

This was one of many interesting observations (more to come) from reading Jackie’s bio by Sarah Bradford.

While I’m not going to endorse having a prenup or not, I do think the topic needs to be discussed before swapping, “I do”s.

Why?

Because $$ is an inevitable topics of conversation between husband and wife. If we can’t comfortably discuss $$, then what else can’t we talk about?

Never forget ladies, we are priceless.

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

 

 

Difference between Incubators and Accelerator

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Both incubators and accelerators give money to teams of entrepreneurs to make their business plans a reality. So what’s the difference? Well, it seems it comes down to this: does the entrepreneur have an idea yet?

Incubators are like a think tank. Regardless of specific idea, an incubator possess at lot of great minds that come up with cool ideas. And then use members of the incubator to launch the idea into a company.

Accelerators help entrepreneurs who have had their “ah-ha!” moment sky rocket their idea into reality. Entrepreneurs will usually join an accelerator’s program that lasts a few months and by “graduation” they pitch their ideas to venture capitalists (VCs) to keep the company alive with a round of funding.

Need more of an explanation? I liked this one.

Good luck with the ideas and implementation!

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

 

 

The Glass-Steagall Act

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When looking to lay blame for the 2008’s Great Recession, economists love to blame something that doesn’t exist anymore, the Glass-Steagall Act. Created in 1933 after the last major economic meltdown (AKA The Great Depression), this law was a big deal for two reasons:

1. the FDIC was created to prevent bank runs.

2. investment banks and commercial banks were unable to be a part of the same entity.

Everyone loves #1. Just imagine the awful feeling to find out a bank does not actually have the cash on hand to pay us our account balances.

#2 has lovers and haters.

Lovers: Commercial and investment banks serve different purposes, take on drastically different risks, and should not be combined.

Haters: The diversity of risk is a good thing. Commercial and investment banks should be united, so that risk is diversified to zero.

In 1999, the latter half of Glass – Steagall was repealed with Gramm-Leach-Bliley Act. Commercial and investment banks could reunite. Many feel the absence of Glass-Steagall contributed to commercial banks taking on risk like investment banks and instigated the complete collapse of the banking sector.

Here is The New York Times’s take on the Glass-Steagall Act.

Now that we know the history, I’ll connect Glass-Steagall to more recent events in the upcoming weeks.

Till next time!

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

 

 

Sharing Internet

Internet for $20 a month! Sounds dreamy, right?

This is possible if I share my Internet with my neighbors. We literally live on top of one another, so the signal should be perfectly fine.

I’ve been trying to decide what is the catch …

What if the router needs to be restarted?

When I do my online banking, could they have access to my accounts too?

I would rather not find out via live & learn, so I think I’ll stick to my own internet.

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

 

 

Buy in Bulk

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I love a good deal. I save $$ by shopping at the dollar store.

Another way to save $$ is to buy in bulk. But I’ve learned the hard way, since I’m roommate-less, I should only buy select things in bulk.

Bad Idea

1 Case (12 boxes) of Kraft Mac & Cheese. It does expire. Surprised? I was too!

Candy. I will eat it all—within 24 hrs of purchase.

Good Idea

12 pack of toilet paper. It’s a necessity and will be used eventually.

6 pack (for the price of 5) Haines Boys XL White T-Shirts.

This deal-huntress has learned to be selective about her prey.

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