Amanda Stanhaus

Tag: credit card

Credit Card

Used to purchase things on credit. Essentially, the cc company spots the card holder. Use responsibly.

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

 

Tried to Charge me Twice

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My ability to read upside down saved me some time and $$.

Here’s the scene: I was paying for one pair of extra warm winter tights on my credit card—I love my cash back! I was all set to take my tights and be on my merry way.

But then the sales lady frowned claiming that the charge did not go through.

I knew I was no where near my limit for the month (hear that Santa, I’ve been a good girl!) and its not like these tights were hundreds of dollars.

And then I read upside down the word “approved” on my receipt. I told her the polite equivalent of “nice try, bozo.” And strutted away with purchase and its receipt.

Please ladies, learn to read “approved” upside down, so you can dodge this bullet too!

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

 

Credit card bill explanation

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Creditor, how much do I owe?

I am not alone in thinking credit card companies make it super difficult to know what # I need to pay on my credit card bill.

Dudettes, this is the deal.

It took me a few billsinterest payments, and awkwardly asking to figure out I owe the larger #, named “new balance” on my bill.

The TINIER #, named “minimum payment” on my bill,  is the LAME #. It is the absolute minimum I have to pay.

If a date only paid a teeny-tiny portion of the bill and left me to pay the rest—bye bye, buster!

Creditors like me to pay the LAME #, so they make $$ (i.e. interest payments) off me.

I try to pay large because I’m in charge when I pay in FULL (AKA pay the new balance #).

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

Credit Card receipt confetti

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I have a love/hate relationship with credit card receipts.

I know better than to throw them away, fully intact for just anyone to copy the #s and my signature.  Plus, they are super helpful when I need to return a purchase. And I appreciate them when I need a confirmation of a suspect charge on my credit card.

Ugh, but they take up a surprising amount of space in my not-so-spacious apartment.

At the end of every month, I make confetti out of the receipts that are more than two months old. I do leave out the receipts of major purchases during my confetti creation. But otherwise, no receipt is too tiny to be further cut up.

Enjoy scissor sisters!

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

Aspiring Millionaire

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I used to wonder about ladies parading around in red-soles, how much does she make?

I’ve learned it’s better for me and my jealousy for that to be none of my business.

With the dawn of credit—clothes, shoes, and accessories became no indication of net worth.

I spend BIG on non-smudge eyeliner. And skimp on Hanes boy’s t-shirts.

New goal: look as fabulous as a millionaire while I save to become one.
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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Foreign Transaction Fee

When a credit card is used in a purchase of a good in anything other than its homeland’s currency—>Fee! Fun Fact: American and Canadian “dollars” are not the same.

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

Wise Wallet

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I like my wallet pretty inside and out.

All the presidents heads are facing right-side up and out. When my face is on a bill, I will want it no other way.

Credit cards are similarly arranged. Don’t want the card’s magnetic magic to be worn away by two stripes touching!

Change is cleaned out regularly. It can get heavy. Plus, I need the quarters for when I do laundry. Not so fabulous, I know, I’m working on it.

I’ve recently added a bit of hardware to my wallet collection. I have a separate purple aluminum card case, so no one can scan my cc info by walking past me on the street.

My friends make fun of my less than attractive 2nd wallet. But I say, better safe than sorry.

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

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!

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

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.)