Amanda Stanhaus

Tag: cash

Asset Allocation Fund

fund in which a manager mixes stockbonds, and cash according to the fund’s objectives.

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

Cash

Pieces of paper and metal with dead people on them. $$ that’s readily available (liquid).

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

Cash Flow

Money coming in and out. The flow speed can range from a rush to a trickle.

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

Cash Poor

With my $$ tied up in investments, I cannot play/pay with cash.

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

 

Bitcoin

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I smile and nod whenever someone mentions something I don’t fully understand. Until recently, that is what I did when “Bitcoin” was mentioned.

“Bitcoin” seems to be on the tip of everyone’s tongue. Wanting to avoid professional suicide, this economist-by-training dove into the details. Here’s a visual, answering the question: What is Bitcoin?

Instead of smiling and nodding, let’s fill our verbal responses with the following key words.

Virtual Currency

Bitcoin is cash for the internet. No bank or credit card company needs to butt into a transaction. And no name/ personal info needs to be exchanged when the transaction takes place. This was super handy for the bad guys and their former playground, The Silk Road.

Satoshi Nakamoto

The “creator” of Bitcoin. No one knows if Satoshi is one person or a group of people. Satoshi knows her/their stuff. Here is the pseudo-academic paper penned by Satoshi explaining the premise of Bitcoin.

Bubble

I like to be paid in US$ because I know that I can purchase whatever I want using US$. Trust is key to any currency.

I like to respond to whoever brought up Bitcoin with this question, can its value be trusted or will the bubble burst?

Plus, Paul Krugman recently posed the question, is Bitcoin the wave of the future or a thing of the past?

Want more Bitcoin details? Here is a comprehensive set of videos from my favorite, Khan Academy.

Go get ‘em, Girls! Don’t let the Bitcoin convo stop with you!

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

Cashmere Card

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Big OOPS!

I didn’t have time to stop by Bloomies’s cashmere sale. I wanted a turquoise cap-sleeve crewneck. My friend was already going, so I lent her my debit card to buy it for me. “What a good friend,” I thought.

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

Oh yes, card and PIN. She had full access. And I, sans card, had none.

It took her 4 days to give me back my card. We’re now former friends.

I changed my PIN even before another cent left my checking account.

If there is a next time, it will be a cash transaction.

Being too busy is just maybe a sign I shouldn’t be shopping. No matter how good the discount and what’s on sale. Ugh, life and its lessons.

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

Liquidity

Ready for duty! Cash is a liquid as $$ can get.

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

Benefits of Credit

imageIf paid in full, credit beats debit in the most rewarding experience category.

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

Bloomies gift card! Flight to Paris! $40!

Depending on the card, I’m treated every time I purchase with credit.

These rewards can be bittersweet. If I miss the pay by date or don’t pay my bill in full, I have to pay extra in interest.

Read magazines in the library. Coffee for lunch. Walk in the rain.

Stupid shit I’ve done, so there is just enough to pay off my credit card. But it’s worth it.

Paying in FULL is critical to get the most bang for my buck.

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