Amanda Stanhaus

Tag: credit

Queen of my Credit Card

image

We all know at least a friend of a friend whose credit card # was stolen this holiday season because of data breaches at Target and Neimans.

I watched CBS Sunday Morning last weekend and one of their segments reminded me to keep calm and continue using credit.

In summary, it is a pain when credit card info is stolen. But, everything will be okay… eventually.

Cash is king because it plays by the rule “finders keepers.” Not a noble rule.

Hate to be the bearer of bad news, but no one will be returning our cash to us, if stolen.

Meanwhile, I am queen of my credit card. Only purchases I authorize are charged to my credit card. If I deem a charge unauthorized, I don’t have to pay for it!

Doesn’t it feel good to be queen? But, we must wield our power judiciously. AKA always charge responsibility.

image

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

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.)

 

Credit rating

A measurement of a bond’s likelihood of paying up. Ranges from the best (AAA) to the worst (C) to the bankrupt (D).

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

Credit Rating Agency

These give out bond ratings. This is what people are referring to when they mention Moody’sStandard & Poor’s , or Fitch.

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

Credit Score

A number that  measures  the quality of  one’s personal financial history. If I take on a bunch of debt AND pay it off on time I’m A-okay at 850. If creditors have me on speed dial, I’m in trouble at 300.

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

Creditor

These people give credit (i.e. loans). They love to be paid back, and will make themselves known, if they don’t get my lovin’ (i.e. my money)!

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

Credit Card receipt confetti

image

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!

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

Aspiring Millionaire

image

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.
image

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

Home Equity Loan

Use home equity to take out another loan.

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

Line of Credit

The amount of $$ my sponsor (bank) is willing to extend to me for my wise use.

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