Amanda Stanhaus

Tag: interest payments

Asset-Backed Security

Banks take loans for things like houses and cars, break them up, and squish them into packages called an asset-backed security. These make money from interest payments on the outstanding loans.

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

Check, please!


I’ll be using my checking account to pay that.

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

No interest $$ is being earned, so funds in my checking account are on the run! Responsible run, of course.

Savings accounts are for funds in it to win it. A saving account’s prize is interest payments.

When my checking account is feeling low, and my $$ maker (shake it!) is not making enough $$, I move $$ from my savings account to my checking account to be spent.

I HATE having to move $$ from my savings to checking account.

And I HATE that not everyone thinks I dance like Beyonce.

But, there is a distinct difference…


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