Amanda Stanhaus

Tag: frugal

The Wolf of Wall Street

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Usually I am weary of a $12 movie ticket.

But, 3 hrs with Leo? I’m in.

The Wolf of Wall Street is an epic tale. It’s funny. It’s ridiculous. And I’m just saying, Leo’s character, Jordan Belfort, would have benefited from forfeiting some fabulosity for some frugality.

If Jordan hadn’t been so ostentatious, saved $$ by not buying drugs or sex from prostitutes, and stayed away from his illegal ways in general, things might not have turned out so badly for him, but also there probably wouldn’t be a movie about him!

The Wolf of Wall Street is a reminder of what can happen to us if money corrupts us. Of course, money is necessary to make us fabulous. But also, friends & family play a key role in our fabulosity equation. So play nice.

Essentially, Leo (via Jordan Belfort) shows us what not to do. It’s a must see!

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

Gift Guide: Myself

I saved the best for last. Here’s what I will be treating myself to this Christmas!

Cost-effective:

One of my super powers is my ability to paint my fingernails before I go to sleep and wake up with my nails dry & uncreased. It runs in the family—thanks Mommie!

Plus, it’s expensive to get my nails done! $15/ week *52 weeks/year= $780!

But I will be indulging in this luxury this holiday season at the cheapest & cleanest place I can find!

Unique:

Regardless of the day or occasion, I wear a significant piece of jewelry. I’ll be effectively using my free time this holiday season to scour vintage stores for jewels. When in Chicago I shop atLulu’s or if I’m in Montreal, The Little Shop is a must-visit!

Useful:

Underwear is a necessity. And wearing well-constructed lingerie make all of my other clothes look better. Psst…my favourite brand right now is Fortnight. Their lingerie is jaw-droppingly beautiful! And more importantly, I have been told I look pretty good in it!

Merry Merry!

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

Disability insurance

If an injury does not allow me to continue working, this insurance compensates me for temporary loss of income.

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

Saving is Sexy

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I’m alway aspiring to make saving sound sexy, but Helen Gurley Brown was the original.

Here are a selection of Helen’s tips from what’s basically my bible, Sex and the Single Girl.

-Scrimp on what isn’t sexy or beautiful or really any fun, so you can afford what is.

-Never pay more when you can pay less.

-Don’t subscribe to a newspaper if you see one at the office or can borrow your landlord’s.

-Ditto magazines. Ask a friend to pass hers on after she’s read them.

-If you pay the bills, turn off the lights when you leave home.

-Give up smoking.

-Negotiate with everybody.

-Don’t undertip. This little economy is unworthy of you.

-Work for a rich man.

-Get adopted by a wealthy couple.

Got it? Got it!

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

Emergency Fund

[Flashing lights.] “Must spend money.” This is used up quickly when in a pickle. $$ must be saved in advance.

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

Estate Planning

What happens to my money when I die? Estate planning answers this question while I’m still living.

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

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.)

Happy Birthday, Bernie!

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Today is my daddie’s birthday!

Bernie, this blog would not be possible without you, your know-how and all your parental support over the years.

Hope you have a great day! And the best year yet!

Let’s celebrate!

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

Money Market Mutual Fund

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I went toe to toe with Babe’s boy and won! I love when women win sword fights.

Money market deposit account vs. Money market mutual fund, which is FDICinsured?

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

Babe’s boy WRONGLY believed both were FDIC insured.

My magical memorization skills helped me with my win.

Money market deposit accounts are higher-than-usual interest earning, limited withdrawal accounts. Offered by a bank. FDIC insured.

Money market mutual funds similarly are higher-than-usual interest earning, limited withdrawal accounts. Offered by a mutual fund. Not insured by FDIC.

These mutual funds invest in liquid, short-term investments. Think treasuries. As with all mutual funds, your investment is at the mercy of the markets, and is not FDIC insured.

Both are ideal investments for those who withdrawal infrequently and are looking for higher-than-usual interest payments. Handy for say an emergency fund. But fully understand the risks and rewards of deposit accounts vs. mutual funds.

Good luck in your sword fights! Go girls!

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