If I use an ATM that does not associate with my bank , I’m charged a small, but not insignificant, amount of money. Easily avoidable, which makes it all the more painful to pay.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
The service fee charged upon the sale of a mutual fund share. The fee amount decreases as the time of share ownership increases.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
A fee charged by industry experts for advice on buying/selling of a security. Just like a personal shopper charging her clients for her expertise and the purchase of their best-butt pencil skirt.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
Penalty! $$ charged.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
When a credit card is used in a purchase of a good in anything other than its homeland’s currency—>Fee! Fun Fact: American and Canadian “dollars” are not the same.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
When using someone else’s money, this determines the associated fee.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
I’m late, late, late for a very important date…with my bill.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
When I overdraft I’m charged a $$ penalty.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
Bankers are in business to make $$ off me and my account. They <3 fees.
(click on the bold-faced vocab words:))
Late fees. Annual fees. Overdraft fees. ATM fees. Music to their ears… and $$ in their pocket.
It’s my responsibility to make sure their $$ made is the least amount possible.
I take the banking competition as seriously as they do.
I win when the sum of my fees< the sum of my interest payments. And I do a cartwheel each time I win.
(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)
